Coconut

The product is accounting software that handles invoicing, expense tracking, receipt capture, bank transaction imports and HMRC submissions for Making Tax Digital and Self Assessment. It sells to sole traders, landlords and CIS subcontractors, including individuals managing self-employment and property income who are not accounting experts. It is delivered as a mobile app and web browser application with bank integration, HMRC-recognised filing and accountant collaboration.

Key features

• Send quarterly MTD updates to HMRC
• Submit Self Assessment direct to HMRC
• Submit MTD Annual Submission
• Automatic bank transaction imports
• Expenses categorised automatically
• Snap and store receipts instantly
• Attach receipts to transactions
• Unlimited professional invoices
• PayPal income automatically imported
• Real-time profit overview
• Instant profit and loss report
• In-year tax estimates
• Self-employment tax estimate (SA103)
• Property income prep (SA105)
• HMRC-ready digital records
• Invite your accountant anytime
• Mobile app iOS and Android
• Access from any web browser
• MTD bridging via spreadsheet upload