Lexware Office vs Monzo Business Comparison
Compare Lexware Office vs Monzo Business features, pricing, and more.
Last updated: November 2026
Lexware Office
6.7/10
A German cloud tool for bookkeeping, invoicing, receipt capture, VAT filing and optional payroll, made for freelancers and small businesses.
Monzo Business
6.5/10
Monzo Business is an app-based UK business bank account for sole traders and limited companies. It includes invoicing, Tax Pots, expense cards and accounting software bank feeds.
Feature-by-Feature Comparison
| Feature | | |
|---|---|---|
| Scores | ||
| Overall Rating | 6.7/10 | 6.5/10 |
| Scalability | 4/10 | 3/10 |
| Analytics | 4/10 | 4/10 |
| Compliance | 8/10 | 7/10 |
| Integration | 7/10 | 6/10 |
| Security | 7/10 | 7/10 |
| Support | 6/10 | 6/10 |
| Cost | 8/10 | 8/10 |
| Customization | 4/10 | 4/10 |
| Ease of Use | 8/10 | 9/10 |
| Pricing | ||
| Free plan | No | Yes |
| Cheapest paid plan | €8/mo S | £9/mo Pro |
| Estimated cost for 10 users | €8/mo S | £25/mo Team |
| Features | ||
| Financial Reporting | ||
| General Ledger | ||
| Payroll | ||
| Accountant Access | ||
| Expense Management | ||
| Invoicing | ||
| Online Payments | ||
| Tax Compliance | ||
| Bank Reconciliation | Not listed | |
| Corporate Cards | Not listed | |
| Inventory Accounting | Not listed | |
| Multi-currency | ||
| Multi-entity Consolidation | Not listed | |
Lexware Office vs Monzo Business cost by team size
| Team size | Lexware Office | Monzo Business |
|---|---|---|
| 1 user | €8/moS | £9/moPro |
| 5 users | €8/moS | £25/moTeam |
| 10 users | €8/moS | £25/moTeam |
| 25 users | €8/moS | FreeLite |
| 50 users | €8/moS | FreeLite |
The plan that fits each team size, billed monthly, before add-ons and usage charges. Each cost opens that tool's pricing calculator for the team size.
Which One Should You Choose?
Why choose Lexware Office
- Higher Scalability score (4/10 vs 3/10)
- Higher Compliance score (8/10 vs 7/10)
- Includes Financial Reporting, which Monzo Business lacks
- Includes General Ledger, which Monzo Business lacks
- Includes Payroll, which Monzo Business lacks
Why choose Monzo Business
- Has a free plan (Lexware Office does not)
- Higher Ease of Use score (9/10 vs 8/10)
Pros & Cons
Lexware Office
Pros
- Users on OMR Reviews and testers on Experte.de describe receipt scanning and bank matching as fast and easy to set up.
- Creates ZUGFeRD and XRechnung e-invoices and files VAT returns directly to ELSTER.
- Every plan can be cancelled monthly, and users are unlimited according to Für-Gründer.
- Tax advisor access and DATEV export make it easy to hand the books to an accountant.
- An optional payroll add-on handles social security and tax filings for up to 50 employees.
Cons
- Invoices can only be issued in euros.
- Cannot manage several companies, and has no approval workflow and no cost-centre reporting.
- Bookkeeping and VAT returns need the L plan, and recurring features need higher tiers.
- Users report bank connections that drop and support that is hard to reach by phone.
- There is no postal invoice sending and no built-in time tracking.
Monzo Business
Pros
- The Lite plan is free and includes Making Tax Digital software
- Pro adds invoicing, Tax Pots and live feeds to Xero, QuickBooks, FreeAgent and Sage for £9 a month
- The Team plan adds expense cards, payment approvals and bulk payments for up to 15 users
- 24/7 in-app support on every plan
- Licensed UK bank with FSCS deposit protection
Cons
- Holds GBP only, and incoming foreign currency is converted at a 1% fee
- No general ledger or financial statements, so you still need separate accounting software
- Partnerships, LLPs, charities and non-UK businesses cannot open an account
- Cash deposits cost £1 each and are capped
- Reviews report frozen accounts and slow resolution, and there is no dedicated account manager
Not sold on either?
Frequently Asked Questions
Lexware Office scores higher on our Finance Software criteria: 6.7/10 against 6.5/10 for Monzo Business. The largest gap is in Compliance: 8/10 for Lexware Office and 7/10 for Monzo Business.
Monzo Business has a free plan; Lexware Office does not list one.
Lexware Office has Financial Reporting, General Ledger and Payroll, which Monzo Business lacks.
