Coconut: Tax for self-employed

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.

I have to say that the Coconut app does more than what is expected. The basic features on the app do save small businesses A LOT of time especially in a world where everybody wants to be “quicker and more efficient”. Coconut still have features to add and they’re very transparent with the direction the company is heading which is always useful for end users to know. I’ve always been one of those people who would come forward and seek support when in need, and Coconut have provided this every single time without fail so I am really impressed with the level of customer service as well as the app’s usability. Keep growing guys!

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!

Whilst there are a lot more features being rolled out all the time the app itself is very very slick and easy to use and easy to get info. However the best thing about this app and the company as a whole is that the team are SO HELPFUL whenever you need support or can’t find something. No more calling and speaking to a call centre and having to go through a million pieces of security - just a simple and secure messenger direct to a team in the UK. Getting help whilst you wait or within the working day is brilliant for business users. I recommend it.

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i have started a new business and opened an account with coconut. I had my first invoice paid in and the next morning my account was frozen due to money laundering/fraud checks. As a new business all of my business funds was paid in which subsequently means I now cannot run my business and work with my clients. I have forwarded the invoice and still my account is frozen. This is a completely poor service as anti money laundering/fraud checks should be carried out prior to opening any new accounts?! Coconut have now jeopardised my business and my relationship with my new clients. I would not recommend opening an account with this organisation and I have learnt the hard way. Stick to major high street banks for peace of mind and level of professional service as I will be doing in future.