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Moneypex Review

Moneypex
Our score: 8.0 User satisfaction: 100%

What is Moneypex?

Moneypex is a simple and affordable cloud-based accounting software that automatically handles the finances of startups, entrepreneurs, and freelancers. The software leverages OCR (optical character recognition technology) that enables users to take a snapshot of documents like bills and receipts, extract all the information they need, and generate invoices and expense reports without manual data entry. 

The accounting software also includes features that streamline their bookkeeping and financial reporting processes such as the capability to handle recurring payments, perform bank reconciliation, and monitor their cash flow in real-time from anywhere. Furthermore, Moneypex allows users to easily prepare and file MTD VAT tax returns. They can get tax reminders on-the-go and link their financial documents and records to HMRC (Her Majesty’s Revenue and Customs) systems.

Overview of Moneypex Benefits

Automated Invoicing

With Moneypex, startups, entrepreneurs, and freelancers no longer need to waste time creating invoices. The software permits them to automatically generate invoices using OCR or optical character technology. They can take a photo or scan paper invoices through their smartphone or webcam. Moneypex then extracts all the necessary invoice data from the photos and enters them into the data fields immediately. This way, they will be able to receive payments from their customers or clients faster and focus more on driving business growth. 

Streamlined Financial Reporting

The accounting software also streamlines the process of creating financial reports. Since Moneypex leverages OCR technology, users get the ability to extract information from invoices and receipts and produce custom expense reports in just a few minutes. If they need to generate reports to track how much money they are spending and earning, they can do that with ease as well.

In addition, the software lets users customize their financial reports so they can present information to stakeholders clearly. This includes changing the layout of reports and adding charts. They can even access these reports from any location at any time. Moneypex also has a centralized dashboard that makes it easy for them to find out if they are hitting their KPIs. 

MTD VAT Tax Management

Moneypex simplifies how businesses and accountants comply with MTD (Making Tax Digital), an initiative implemented by HMRC or Her Majesty’s Revenue and Custom to revolutionize how the UK tax system works. To facilitate the preparation and filing of MTD tax returns, the accounting software enables users to download an MTD-ready 9box template, fill it out with information, and submit it to HMRC. Moreover, the software notifies them about tax deadlines and updates from HMRC.

Overview of Moneypex Features

  • OCR Technology
  • Invoicing
  • Financial Reporting
  • Expense Tracking
  • Bookkeeping
  • MTD VAT Tax

Awards & Quality Certificates

An award given to products that have recently entered the market but are already becoming very popular
This certificate is granted to products that offer especially good user experience. We evaluate how easy it is to start using the product and how well-designed its interface and features are to facilitate the work process.

Moneypex Position In Our Categories

Because companies have unique business wants, it is logical they abstain from picking a one-size-fits-all, ”best” business program. Needless to say, it is troublesome to try to discover such application even among recognizable software systems. The best thing to do is to take note of the different significant aspects that demand careful thought including crucial features, budget, technical skill competence of the users, organizational size, etc. The second step is, you must do your product research systematically. Read these Moneypex reviews and scrutinize the other software systems in your list in detail. Such comprehensive product research makes sure you circumvent unsuitable applications and subscribe to the one that delivers all the aspects you require business requires.

Position of Moneypex in our main categories:

TOP 500

Moneypex is one of the top 500 Accounting Software products

Moneypex is also listed in the following subcategories:

It is crucial to realize that virtually no software in the Accounting Software category is a perfect solution able to fulfill all the goals of various company types, sizes and industries. It may be a good idea to read a few Moneypex Accounting Software reviews first as certain services might perform well just in a really narrow group of applications or be prepared with a very specific type of industry in mind. Others can work with an idea of being easy and intuitive and as a result lack complex functions needed by more experienced users. There are also solutions that focus on a wide group of users and give you a complex feature base, however this in most cases comes at a higher cost of such a service. Be certain that you're aware of your requirements so that you purchase a solution that offers specifically the elements you search for.

How Much Does Moneypex Cost?

Moneypex Pricing Plans:

Free Trial

Free

£0

Starter

£5.99/month

Standard

£11.99/month

Moneypex is designed for small and medium-sized businesses. It doesn’t offer enterprise pricing plans. Meanwhile, it has three pricing plans for you to choose from, and one of which is a free plan that allows you to create invoices at no cost. Here are the details:

Free – £0

  • Unlimited Invoicing
  • Generate 20 Bills
  • Payment Reminders
  • Expense & Bill Tracking
  • Document Scanning

Starter – £5.99/month

  • Unlimited Invoicing
  • Generate 70 Bills
  • Payment Reminders
  • Bank Reconciliation
  • Automatic Reminders
  • Expense & Bill Tracking
  • Document Scanning
  • VAT Filing
  • Accountant Access
  • Manage Multiple Businesses

Standard – £11.99/month

  • Unlimited Invoicing
  • Generate Unlimited Bills
  • Payment Reminders
  • Bank Reconciliation
  • Automatic Reminders
  • Expense & Bill Tracking
  • Document Scanning
  • VAT Filing
  • Accountant Access
  • Manage Multiple Businesses
  • Premium Newsletter
  • Priority Support

User Satisfaction

Positive Social Media Mentions 37
Negative Social Media Mentions 0

We realize that when you make a decision to buy Accounting Software it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Moneypex reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with Moneypex. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

Video

Technical details

Devices Supported

  • Android
  • Web-based

Deployment

  • Cloud Hosted

Language Support

  • English

Pricing Model

  • Free
  • Monthly payment

Customer Types

  • Small Business
  • Medium Business
  • Freelancers

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

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What are Moneypex pricing details?

Moneypex Pricing Plans:

Free Trial

Free

£0

Starter

£5.99/month

Standard

£11.99/month

Moneypex is designed for small and medium-sized businesses. It doesn’t offer enterprise pricing plans. Meanwhile, it has three pricing plans for you to choose from, and one of which is a free plan that allows you to create invoices at no cost. Here are the details:

Free – £0

  • Unlimited Invoicing
  • Generate 20 Bills
  • Payment Reminders
  • Expense & Bill Tracking
  • Document Scanning

Starter – £5.99/month

  • Unlimited Invoicing
  • Generate 70 Bills
  • Payment Reminders
  • Bank Reconciliation
  • Automatic Reminders
  • Expense & Bill Tracking
  • Document Scanning
  • VAT Filing
  • Accountant Access
  • Manage Multiple Businesses

Standard – £11.99/month

  • Unlimited Invoicing
  • Generate Unlimited Bills
  • Payment Reminders
  • Bank Reconciliation
  • Automatic Reminders
  • Expense & Bill Tracking
  • Document Scanning
  • VAT Filing
  • Accountant Access
  • Manage Multiple Businesses
  • Premium Newsletter
  • Priority Support

What integrations are available for Moneypex?

Moneypex integrates with bookkeeping services.

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Reviewed By Louie Andre
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