Monzo Business vs sevdesk: Complete Comparison (2026)
An in-depth comparison of Monzo Business and sevdesk to help you choose the right tool for your business.
Last updated: November 2026
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.
sevdesk
6.4/10
Cloud invoicing and bookkeeping software for German freelancers and small businesses, with e-invoicing, bank sync, ELSTER VAT filing and DATEV export.
Feature-by-Feature Comparison
| Feature | | |
|---|---|---|
| Scores | ||
| Overall Rating | 6.5/10 | 6.4/10 |
| Scalability | 3/10 | 4/10 |
| Analytics | 4/10 | 5/10 |
| Compliance | 7/10 | 8/10 |
| Integration | 6/10 | 6/10 |
| Security | 7/10 | 6/10 |
| Support | 6/10 | 5/10 |
| Cost | 8/10 | 7/10 |
| Customization | 4/10 | 5/10 |
| Ease of Use | 9/10 | 8/10 |
| Pricing | ||
| Free plan | Yes | Yes |
| Cheapest paid plan | £9/mo Pro | €12/mo Rechnung |
| Estimated cost for 10 users | £25/mo Team | €12/mo Rechnung |
| Features | ||
| Financial Reporting | ||
| General Ledger | ||
| Multi-currency | ||
| Accountant Access | ||
| Expense Management | ||
| Invoicing | ||
| Online Payments | ||
| Tax Compliance | ||
| Bank Reconciliation | Not listed | |
| Corporate Cards | Not listed | |
| Inventory Accounting | Not listed | |
| Payroll | ||
Monzo Business vs sevdesk cost by team size
| Team size | Monzo Business | sevdesk |
|---|---|---|
| 1 user | £9/moPro | FreeKostenlos |
| 5 users | £25/moTeam | €12/moRechnung |
| 10 users | £25/moTeam | €12/moRechnung |
| 25 users | FreeLite | €12/moRechnung |
| 50 users | FreeLite | €12/moRechnung |
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 Monzo Business
- Higher Security score (7/10 vs 6/10)
- Higher Support score (6/10 vs 5/10)
Why choose sevdesk
- Higher Scalability score (4/10 vs 3/10)
- Higher Analytics score (5/10 vs 4/10)
- Includes Financial Reporting, which Monzo Business lacks
- Includes General Ledger, which Monzo Business lacks
- Includes Multi-currency, which Monzo Business lacks
Pros & Cons
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
sevdesk
Pros
- The free plan stays free with no time limit and includes up to 3 e-invoices a month in the ZUGFeRD and XRechnung formats
- VAT pre-returns go straight to the tax office through ELSTER, and EÜR reports are generated automatically
- Reviewers on OMR rate it highly for ease of use and setup, at 90% each, and say beginners can learn it quickly
- Bank connections to more than 4,000 banks match incoming payments to invoices automatically
- Data exports to DATEV and ADDISON, and tax advisors get their own login
Cons
- There is no payroll, so a separate tool is needed for wages
- Some users report unstable bank connections and inaccurate automatic receipt recognition
- Reports are less detailed than in Lexware, and the BWA is only in the most expensive plan
- Some reviewers complain about automatic contract renewal and say early cancellation is hard
- Only one user is included, and each extra user costs 5.90 EUR a month
- It is built around German tax rules, so it fits poorly outside Germany and Austria
Not sold on either?
Frequently Asked Questions
Monzo Business scores higher on our Finance Software criteria: 6.5/10 against 6.4/10 for sevdesk. The largest gap is in Analytics: 4/10 for Monzo Business and 5/10 for sevdesk.
Yes, both Monzo Business and sevdesk have a free plan.
Sevdesk has Financial Reporting, General Ledger and Multi-currency, which Monzo Business lacks.
