Coconut

Name: Coconut
Brand: Coconut
Price: 99.99 USD
Rating: 4.7 (22 reviews)

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Effortless accounting and tax management for self-employed individuals and landlords.

Accounting Tax Software Invoicing Expense Management

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4.7(22 across the web)

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Reviews onG2Capterra

22 reviews tracked

The Bottom Line

Entry price

Paid plans only

Biggest pro

HMRC-recognised and compliant for MTD for Income Tax

Biggest con

Primarily focused on UK sole traders and landlords, may not suit other business types or regions

TL;DR - Coconut

Simplifies accounting, invoicing, and tax for sole traders and landlords.
HMRC-recognised for Making Tax Digital (MTD) for Income Tax compliance.
Connects to bank accounts for real-time financial tracking and tax estimates.

Pricing: Paid only

Best for: Enterprises & pros

4.7/5 across review platforms

What is Coconut?

Editorial review

Coconut is self-employed accounting software designed to simplify tax, invoicing, and expense management for sole traders and landlords. It offers a mobile app and desktop access, allowing users to track income and expenses, capture receipts, send and track invoices, and manage their tax obligations, including Self Assessment and Making Tax Digital (MTD) for Income Tax. The software integrates securely with over 30 UK banks and credit cards, providing real-time insights into profit and tax estimates. It helps users stay compliant with HMRC requirements by enabling digital record-keeping, quarterly MTD updates, and direct submission of MTD tax returns. Coconut aims to reduce tax stress and save time for self-employed individuals, allowing them to focus on their core business activities.

Available on: Web, iOS, Android

LCLouis CorneloupUpdated May 26, 2026 · how we evaluateSourcegetcoconut.com ↗

Pros & Cons

Pros

HMRC-recognised and compliant for MTD for Income Tax
Easy to use with both mobile and desktop access
Secure bank integrations for automated tracking
Provides real-time tax estimates to avoid surprises
Dedicated support, including ex-HMRC staff, for MTD compliance

Cons

Primarily focused on UK sole traders and landlords, may not suit other business types or regions
No free tier, only a 14-day free trial

Ratings Across the Web

4.7(22 reviews)

Ratings aggregated from independent review platforms. Learn more

Preview

Key Features

MTD for Income Tax ready (HMRC recognised)Digital recordkeeping for income, expenses, and receiptsQuarterly MTD updates submissionDigital end-of-year MTD tax return submissionReal-time tax estimatesConnects to 30+ UK banks and credit cardsTrack income and expensesSend and track unlimited branded invoices

Pricing Plans

Free Trial

Pricing checked Jun 18, 2026

Essentials

$99.99 / year

Everything in all plans.

MTD

$129.99 / year

Everything in all plans, plus:

Make quarterly Making Tax Digital updates quickly and easily
Submit the Making Tax Digital end of year Tax Return

Self Assessment

$129.99 / year

Everything in all plans, plus:

File your Self Assessment directly to HMRC

Full

$159.99 / year

Everything in all plans, plus:

Make quarterly Making Tax Digital updates quickly and easily
Submit the Making Tax Digital end of year Tax Return
File your Self Assessment directly to HMRC

Included in all plans

Connect accounts from 30+ banks and credit cards
Track your income and expenses throughout the year with our sole trader accounting app
!Coconut on both mobile and desktop
Send and track unlimited branded invoices
Always know how much tax to set aside
Easily share access with your accountant
Claim as an allowable business expense on your tax return

Calculate your cost View full pricing

How Coconut's pricing compares

At $10.42/mo, Coconut is mid-range of its 4 direct competitors ($10 to $189/mo across the set).

Zoho Books

$10

Coconut

$10.42

Wave

$16

FreshBooks

$19

Bench

$189

Entry paid plan, monthly. Pricing checked Jun 18, 2026.

Reviews

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4.7/5

Across 22 verified user reviews on Capterra, G2

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Best Coconut Alternatives

Top alternatives based on features, pricing, and user needs.

FreshBooksPaid

Accounting software for small businesses

4.5

XeroPaid

Cloud accounting for small business. Automate banking, invoicing, and more

4.4

Zoho BooksFreemium

Comprehensive accounting as part of the Zoho ecosystem

4.4

WaveFreemium

Free accounting, invoicing, and receipt scanning for small businesses

4.5

BenchPaid

Online bookkeeping service combining software with expert accountants

4.4

See all accounting tools →

Still deciding?

Most buyers shortlist 2 or 3 tools before committing. Pull a side-by-side comparison or browse the full alternatives shortlist below.

Coconut vs FreshBooksHead-to-head: features, pricing, who wins Coconut vs XeroHead-to-head: features, pricing, who wins Coconut vs Zoho BooksHead-to-head: features, pricing, who wins

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Coconut FAQ

How does Coconut help self-employed individuals manage their tax obligations?

Coconut simplifies tax management by providing real-time tax estimates and enabling compliance with HMRC requirements. It supports digital record-keeping, quarterly MTD updates, and direct submission of MTD tax returns for Self Assessment.

Which teams or users benefit most from Coconut?

Coconut is specifically designed for self-employed individuals and landlords in the UK. It helps sole traders manage their accounting, invoicing, and expense tracking efficiently to stay compliant with tax regulations.

How does Coconut compare to Xero for expense management?

Coconut offers expense management tailored for sole traders and landlords, including receipt capture and automated tracking through secure bank integrations. Xero provides broader accounting features that may cater to a wider range of business types beyond self-employed individuals.

What kind of limitations should potential users be aware of with Coconut?

Coconut is primarily focused on UK sole traders and landlords, meaning it may not be suitable for other business structures or users outside the UK. Additionally, it does not offer a permanently free tier, only a 14-day free trial.

How is Coconut priced?

Coconut is a paid product and does not include a permanently free tier for ongoing use. However, it does offer a 14-day free trial for new users to evaluate its features.

Can Coconut integrate with my existing bank accounts?

Yes, Coconut integrates securely with over 30 UK banks and credit cards. This allows for automated tracking of income and expenses, providing real-time insights into financial data.

Does Coconut support Making Tax Digital (MTD) for Income Tax?

Yes, Coconut is HMRC-recognised and compliant for MTD for Income Tax. It enables users to submit MTD tax returns directly and provides dedicated support, including ex-HMRC staff, for MTD compliance.

Source: getcoconut.com

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