Whether you’re just getting started or have been self-employed for years, we have a plan for you.
Categorising transactions for tax is essentially your bookkeeping, and good bookkeeping is critical to making sure you pay the right amount of tax.
Depending on your plan, each month you get a free allowance for the number of transactions you can categorise for tax (we do this automatically for you if you have a business account connected to the app). This includes both income and expenses.
Yes you can. We offer everyone a 30-day free trial (no card details required), so you can see how Coconut works.
Coconut is designed specifically for sole traders. Designed to give you a view of how your business is performing, help you work out how much tax you owe and track income and expenses. If you want to spend more time focusing on your business and not your accounting, Coconut is for you.
No, Coconut is not a bank and we do not offer banking or current account services. Coconut is a simple tax app for self-employed people and accountants.
When Coconut started out in 2018, we offered a product that combined an accounting product with a business current account—and it was transformative for self-employed people in many ways. But over the last four years, we’ve learned a lot about the people that we’re trying to help. At the same time, the world around us changed massively, as has the industry we operate in.
So in 2021, we launched our smart bookkeeping and tax app—which helps self-employed people track income, send invoices, categorise expenses, and work out how much tax you owe in real-time. Seeing how useful it was to our customers, in January 2021, we made the decision to stop opening new business bank accounts for customers, so that we could double down on making our bookkeeping and tax tools the best they possibly can be.
Sole traders can connect their personal bank or current accounts to Coconut and begin to separate their business and personal transactions.
You can get in touch with us through the in-app chat or by emailing firstname.lastname@example.org
You can connect bank accounts and credit cards from over 25 UK providers. Take a look at the full list here.
Yes, you can! Users on either of our plans can access Coconut Web on desktop. To log in, simply use your existing mobile number and pin.
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