The financial companion for Sole Traders
With expenses, invoicing and tax all in one, Coconut is the ultimate accounting and tax tool for Sole Traders.
Connect your accounts
Connect your current accounts and credit cards to Coconut and get a complete view of your business across every account whenever you need it.
Or get a Coconut current account
If you need a business current account, open a Coconut account in minutes straight from your phone. Get a full UK account number and sort code as well as a Mastercard® debit card.
Expenses that do themselves
We automatically categorise all of your business expenses for tax as you spend, so you don’t have to worry about them later. Instant notifications remind you to snap the receipt, add notes and record VAT.
Keep on top of income
Create and send invoices and manage your income straight from the app. We’ll notify you when you get paid and automatically match the payment to your invoice.
Sort your taxes
For Sole Traders we estimate how much you need to set aside for tax, so you'll never get to the end of the year with an unexpected bill. Get the numbers you need to complete the self-employment part of your tax return straight from the app.
Work seamlessly with your accountant
If you have an accountant, say goodbye to downloading and sharing bank statements. Share your business records with your accountant in real-time through the Coconut Accountant Portal.
Our plans
Our pricing is simple and transparent, with no hidden fees.
Start
£0 /mo
Best suited for side businesses or if you’re just starting out.
- Free UK current account
- Expense tracking
- Tax Estimate (sole traders)
- 3 invoices per month
- 2% on purchases abroad
Grow
£5 /mo (exc VAT)
Tax and accounting for your full-time business.
Everything in Start plus
- Unlimited Invoices
- Free foreign currency exchange
- Free replacement cards
Real-time support
Chat to our support team through the app whenever you need help.
High level security
We apply high level security to protect your account and data.
Funds are protected
All of your funds are held in a safeguarded account.
Total control
Block and unblock your Coconut card directly through the app whenever you need to
