Coconut is the perfect accounting software solution for anyone who needs to manage their banking and accounting needs all in one place. It was designed specifically with small businesses, startups, and freelancers in mind.
This software can do just about anything to help take the load off your shoulders when tax season rolls around. It can also help you track all the paperwork necessary to run your finances, categorizes your expenses, and even so kind as to tell you what you can claim as a freelancer. In fact, that’s one of Coconut’s best features. With their simple guides, they break down expense claims in a way you can understand. This not only saves you money, but it also educates you for the future.
You also don’t have to worry about chasing people for payments. Once someone issues a payment to you, Coconut sends you a notification to alert you. This also helps you keep track of any late payments.
Coconut can help with automation, too. The system keeps track of your invoices and expenses automatically, which helps you at the end of the year for tax season.
Speaking of tax season, VAT-registered businesses are often required to make tax digital, which is a process Coconut can help you with. HMRC asks that these businesses keep electronic records of their taxes and then sends them over through a properly integrated system like Coconut. All you have to do is turn on this feature in the app and it can help keep track of VAT expenses. You can then submit your VAT return through Coconut, too.
There are two pricing models to choose from: Starter and Grow. The Starter pack is a free version that gives you tax estimates, expense tracking, instant notifications, and three invoices a month. The Grow package costs about $7.00 USD a month and provides you with unlimited invoices, free foreign currency exchanges, and five free post office deposits a month.
Oh, and did we mention that you can access all of this information through their handy app as well? Because you can. It’s free to download and then you never need to be away from your finances.
- Start pack is free
- Grow pack is ~$7.00 USD/month
- Cloud, SaaS,Web
- Business Hours