Is Coconut worth the price?
Coconut's pricing is fair, especially for the Essentials tier at $99.99 per year, offering robust accounting features for sole traders.
The MTD and Self Assessment tiers at $129.99 per year provide specialized tax filing capabilities at a reasonable premium. This pricing structure is best for self-employed individuals and landlords seeking comprehensive yet affordable accounting and tax management.
Pricing Plans
Free TrialEssentials
$99.99 per year
- 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
MTD
$129.99 per year
- Make quarterly Making Tax Digital updates quickly and easily
- Submit the Making Tax Digital end of year Tax Return
- 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
Self Assessment
$129.99 per year
- File your Self Assessment directly to HMRC
- 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
Full
$159.99 per year
- 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
- 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
Hidden Costs & Gotchas
No monthly payment option shown on pricing page, only annual.
Features like MTD and Self Assessment are add-ons.
No clear indication of support tiers or costs.
Which Plan Do You Need?
Sole traders needing basic accounting
Landlords with tax filing needs
Self-employed individuals managing expenses
How Coconut Compares to Competitors
Compared to QuickBooks Self-Employed, which typically starts around $15-$20 per month ($180-$240 annually), Coconut's Essentials tier at $99.99 per year is significantly more affordable. Xero's starter plans are also generally higher, making Coconut a strong value proposition for basic accounting and tax needs for self-employed individuals.
Coconut Pricing FAQ
How much does Coconut cost?
Coconut starts at $10.42/month on the Essentials plan. It offers 4 paid tiers ranging from $10.42/month up to $16.67/month.
Does Coconut have a free plan?
Coconut does not offer a permanent free plan. However, a free trial is available.
Does Coconut offer a free trial?
Yes, Coconut offers a free trial. No credit card is typically required to start the trial, though this may vary.
What is the cheapest Coconut paid plan?
The cheapest paid plan for Coconut is "Essentials" at $10.42/month. Key features include: 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.
Is there a cheaper alternative to Coconut?
Yes. Popular alternatives to Coconut include Puzzle, sherloc, Zoho Invoice. Free alternatives include Puzzle, Zoho Invoice. Compare them side-by-side on Toolradar.
Cheaper alternatives to Coconut
Direct competitors with similar features. Many offer free tiers or lower per-seat pricing.
