!Coconut Review: Is It The Right Accounting Software For Your Team?
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What is !Coconut?
!Coconut is a UK-based self-employed accounting and tax software designed exclusively for sole traders, freelancers, landlords, and CIS subcontractors. The platform brings together expense tracking, invoicing, bank integration, and HMRC tax compliance into a single mobile-first app, making it possible for self-employed people to manage their finances without needing an accountant. !Coconut connects to 25+ UK banks — including Barclays, HSBC, NatWest, Starling, Monzo, Nationwide, Santander, and Wise — to automatically import and categorize income and expenses in real time. Users get a live view of their profitability and can capture receipts directly from their phone, attach them to transactions, and create unlimited professional invoices with payment tracking. On the tax side, !Coconut is HMRC-recognized software for Making Tax Digital (MTD) for Income Tax, allowing sole traders and landlords to submit quarterly updates and year-end returns directly to HMRC from within the app — a requirement that becomes mandatory from April 2026 onwards. The platform also supports direct Self Assessment filing (SA100–SA109 forms) and provides built-in tax saving suggestions and real-time tax estimates throughout the year. For freelancers and sole traders with multiple income streams, !Coconut supports separate tracking across business and personal accounts. Accountants and bookkeepers can collaborate directly within the platform. The app is FCA-authorized as an Account Information Service Provider and is registered with the ICO for GDPR compliance.
Pricing
Free Trial available
Best For
Best suited for small teams and solo users
Platform
Web + mobile app (iOS & Android)
!Coconut was reviewed internally using user feedback, in-house testing, and market research to assess its performance, reliability, and user experience. Learn how we review products and our evaluation process.
Who should consider !Coconut
- Team types
- Freelancers, Small Business
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What are the features of !Coconut?
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Alternatives to !Coconut
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!Coconut Support Options
Frequently Asked Questions About !Coconut
Common questions buyers ask before choosing !Coconut.
!Coconut is a Accounting Software. !Coconut offers CIS Subcontractor Support, Mobile App, Online Banking Integration, Receipt Scanner, Profitability Analysis and many more functionalities.
Some top alternatives to !Coconut includes Xero and undefined.
!Coconut offers Free Trial, Subscription pricing models
The starting price is not disclosed by !Coconut. You can visit !Coconut pricing page to get the latest pricing.
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About the reviewer
Rajat Gupta is the founder of Spotsaas. Over the past two years, he has reviewed 2,000+ tools across CRM, HR, AI, and finance — applying hands-on product research and a background in commerce and the CFA program to evaluate software through a business and ROI lens. His goal: help teams make software decisions they won't regret.
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Disclaimer: This research has been collated from a variety of authoritative sources. We welcome your feedback at [email protected].