Short verdict
Good fit for
Freelancers (zzp) and starters looking for a simple bookkeeping package with VAT and income tax returns and a free start.
Less suited to
Businesses with many bank transactions and low revenue; Basis and Starter stop at 20 transactions per month.
Key facts
- Basis from €9 per month, Starter free for 15 months after your KvK registration
- Bank connection with ABN AMRO, ING, Rabobank, bunq and Knab, among others
- E-invoices through Peppol and an iDEAL button through your own Mollie account
What is MoneyMonk?
MoneyMonk is a bookkeeping package from MoneyMonk B.V. in Utrecht, founded in 2012 by the brothers Jorgen and Jasper Horstink. You use it to create invoices and quotes, send e-invoices through Peppol, connect your bank through PSD2 and prepare the VAT return and income tax for freelancers. There is also time, mileage and project tracking, and an app for scanning receipts. According to the privacy statement, data is in principle processed within the EEA; some suppliers may process it outside the EEA under the EU standard contractual clauses. MoneyMonk signs a data processing agreement with customers.
Good: starters use it free for the first 15 months, and you can cancel monthly. After cancelling you can still export your data.
Less good: the plan depends on your revenue and number of bank transactions, so the price can grow with you. An iDEAL button on your invoice only works with your own Mollie account.
How much does MoneyMonk cost?
Starting price
€9 per month
Basis €9 per month (up to €20,000 revenue per year, 20 bank transactions per month). Pro €15 for the first 3 months, then €32.50 (up to €100,000 revenue, 50 bank transactions). Ultra €37.50 with unlimited bank transactions. Starter is free for the first 15 months after your KvK registration (up to €50,000 revenue, 20 bank transactions). If you exceed a limit, you move automatically to a higher plan. Not stated whether prices exclude VAT.
- No free plan
- ✓ 30-day free trial
- The vendor does not say whether this is excl. VAT
Price alert for MoneyMonk
According to the MoneyMonk site on . The current plans are on the vendor's site. Has the price changed? Let us know.
Cancelling and switching
What MoneyMonk itself says about cancelling, paying annually and taking your data with you. "Unknown" means we could not find it.
- Pay and cancel monthly
- Yes
- Notice period
- Can be cancelled monthly
- Discount for paying annually
- Unknown
- One-off setup fee
- Unknown
- Exporting your data
- Unknown
Source on the MoneyMonk site: 1. Checked on . Something no longer correct? Report an error.
The Netherlands check
Useful if you run a business in the Netherlands. "Unknown" means we could not verify it.
Support in Dutch: Yes
Questions about VAT or a bank feed are easiest to ask someone who knows the Dutch rules, in a language you are comfortable with.
App in Dutch: Yes
A Dutch app uses the same terms as the Belastingdienst and your accountant.
Data in the EU: Yes
Data in the EU falls under the GDPR. Outside the EU, especially in the US, other laws can give access to your data.
More about data in the EU →Data processing agreement: Yes
If a tool processes personal data of your customers, the GDPR requires you to sign a data processing agreement.
More about the data processing agreement →iDEAL: Yes
Most Dutch people pay online with iDEAL. With a payment link on your invoice, you get paid faster.
More about iDEAL and Wero →Peppol e-invoices: Yes
Peppol is the network for e-invoices. The government already asks for it, and the EU is making e-invoicing between businesses mandatory in the coming years.
More about Peppol →Company in the Netherlands: Yes
A Dutch company falls under Dutch law. For some businesses that matters, for example in a dispute.
Checked on . Something no longer correct? Report an error.
The EU check
Where the company is based, who owns it and where your data is stored. This applies in every European country.
Headquarters: Utrecht, Netherlands
In the EU or EFTA.
Owner: independent company (Netherlands)
Family-owned company. Source, checked on .
Data in the EU: yes
Headquarters and owner are in the EU or EFTA: hence the European badge. All European software.
Integrations
According to its own site, MoneyMonk integrates with, among others:
Mollie
ABN AMRO
ING- Rabobank
bunq
Knab
Triodos- Revolut
Alternatives to MoneyMonk
User reviews
No reviews yet. Reviews do not count towards our verdict.
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Something not right?
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Frequently asked questions about MoneyMonk
How much does MoneyMonk cost?
Paid plans for MoneyMonk start at €9 per month. You can try it free for 30 days. Basis €9 per month (up to €20,000 revenue per year, 20 bank transactions per month). Pro €15 for the first 3 months, then €32.50 (up to €100,000 revenue, 50 bank transactions). Ultra €37.50 with unlimited bank transactions. Starter is free for the first 15 months after your KvK registration (up to €50,000 revenue, 20 bank transactions). If you exceed a limit, you move automatically to a higher plan. Not stated whether prices exclude VAT.
Who is MoneyMonk for?
MoneyMonk is aimed at freelancers and SMEs. Bookkeeping for freelancers (zzp) with bank connection, VAT and income tax returns, Peppol and a free start.
Is MoneyMonk available in Dutch?
Support is available in Dutch and the app is in Dutch.
Does MoneyMonk store my data in the EU?
Yes, MoneyMonk stores your data in the EU. You can sign a data processing agreement.
Does MoneyMonk support iDEAL and Peppol?
MoneyMonk supports iDEAL and Peppol e-invoices.
Which banks and tools does MoneyMonk integrate with?
MoneyMonk integrates with Mollie, ABN AMRO, ING, Rabobank, bunq, Knab, Triodos and Revolut, among others.