Coconut: Tax for self-employed 4+

Track your invoices & expenses

Coconut Platform Ltd

Designed for iPhone

    • 4.7 • 2.6K Ratings
    • Free

iPhone Screenshots

Description

Coconut is a smart accounting and tax app for self-employed people that helps you track income, send invoices, categorise expenses, and work out how much tax you owe.

Do all of your financial admin in a fraction of the time, so you can focus on your work!

Getting set up only takes a few minutes. Once you’ve securely connected your bank accounts to Coconut, you’ll be able to see all of your finances in one place and do the following in just a few taps:

• See how much you should set aside for tax, based on your real-time transactions
• Categorise transactions, snap and store receipts, add notes, and record VAT
• Send personalised invoices on the go, and track when they've been paid
• Gain business insight, from a clear overview of your income and expenses
• Easily share your business records with your accountant (if you have one)

Start your 30-day free trial today—no card details required!

How do you get started?

1. Download the app to start your 30-day free trial
2. Turn on your notifications (for income alerts, new features, and other useful tips)
3. Securely connect your bank and credit card accounts to Coconut (we connect with over 25+, and are FCA authorised)
4. Start organising your business finances!

What’s New

Version 1.55.1

The time when we made some minor fixes for platform stability.

Ratings and Reviews

4.7 out of 5
2.6K Ratings

2.6K Ratings

RastaM0use ,

So easy to use and well designed!

Well designed, easy to use and intuitive. Coconut has so many useful features, like an invoice tool to directly invoice your clients through the app and once they pay you, Coconut automatically matches the invoice with the payment and marks it as paid. There is a powerful client search tool for adding addresses and contact information to invoices too. You also get notifications for any account activity. Expenses/purchases made are auto categorised and every category has an information tab that gives advice and details about that category. You can add notes and attachments to all purchases, so you remember what they were for. You can instantly get an estimate of how much you are likely to owe HMRC at the end of the tax year and generating reports is really easy and there are lots of handy advice tabs to make bookkeeping easier. Best of all, the support section is very honest, upfront and transparent and the help team are efficient and quick to respond. There are lots of features on the roadmap (which is public) and if/when they are implemented, I really do think Coconut will be an all in one Accounting and Business account solution for Freelancers and Sole traders like me.

Jocornishgirl ,

Coconut is the ultimate banking/accounting mash up!

Can’t rate this app enough. It makes managing the finances of self employment so easy. You can send invoices from it at the touch of a few buttons, label incoming and outgoing finances easily, get a rough idea of amount of tax you’ll need to pay and it’s cheap to use compared to other accounting software. The team are super friendly and helpful and I love how they’re always trying to improve the service by listening to their users. The reason I’ve not given it 5 stars is because is does glitch now and again (nothing major) and there is still a little room for improvement but this is all part of the journey and I’m confident that the team will continue to make improvements to ensure this app is 100% perfect for its users. Well done Team Coconut!

kennethaweir ,

Nice but very buggy

I signed up to Coconut to support my small business. One thing that i would say is that the support personnel are excellent and very responsive. There is a neat chat feature in the app too. My issues though are numerous and frustrating. I will stick with them for a bit to see if I can operate better soon. First issue was with bank account verification on IOS devise. It kept timing out when it would jump between apps to verify. To fix that I had to use two devices to do this. The 2nd issue was that a lot of my bank transactions were being duplicated in the Coconut statement and the 3rd issue is that I cannot upgrade my account due to some payment related issue even though I am using the same account for the basic version. I can’t see any issues from the bank side which would cause this. The first issue i got round but the other two have recently been reported. I have confidence the support team will solve the, but a bit of a pain to be perfectly honest. So far I would be quicker managing all this the old fashioned way by using excel and sending my own invoices.

App Privacy

The developer, Coconut Platform Ltd, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.

Data Linked to You

The following data may be collected and linked to your identity:

  • Financial Info
  • Contact Info
  • User Content
  • Identifiers

Data Not Linked to You

The following data may be collected but it is not linked to your identity:

  • Usage Data
  • Diagnostics

Privacy practices may vary based on, for example, the features you use or your age. Learn More

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