Coconut

Coconut is primarily designed for sole traders and may not have all the features needed for larger teams.

No, Coconut requires integration with Prepay Technologies to function properly.

Coconut updates tax estimates regularly but users should consult official sources for the most accurate information.

Coconut is a UK-focused mobile app that combines a business bank account (via Prepay Technologies) with automated accounting for sole traders. It automatically categorizes transactions, estimates tax liabilities, and helps you set money aside for tax. It tracks mileage, captures receipts, and generates self-assessment reports. The all-in-one approach simplifies finances dramatically for new freelancers. However, its accounting features are basic, lacking advanced invoicing or double-entry ledgers. It's perfect for UK sole traders, especially in trades or gig work, who want a dead-simple way to separate business finances, track tax, and avoid accounting complexity, all from their phone.

Coconut scores 7.9/10 (Good) on Lunoo, making it a well-rated option in the Accounting category. Coconut scores 7.6/10 due to its strong features like automated categorization and tax estimation, but it falls short in areas such as international s...

From $9.99/mo. Visit the official website for the most up-to-date pricing.

See our alternatives page for Coconut for a ranked list with scores. Top alternatives include: QuickFile, Pandle, QuickBooks Self-Employed.

Sole traders looking for an easy-to-use accounting solution that integrates with their business bank account.

See our detailed comparison of Coconut vs QuickFile with scores, features, and an AI-powered verdict.

With a score of 7.9/10, Coconut is a solid option in Accounting. See all Accounting ranked.

• API: Available
• Platform: iOS and Android
• Languages: English (UK)
• Categories: Accounting Software
• Integration: Prepay Technologies, QuickBooks Online