The Coconut app is a banking and accounting platform that is developed specifically for small business owners, self-employed individuals, and freelancers. It can manage personal business expenses, send out invoices, and track the amount of tax owed. The platform automatically sorts out the series of expense transactions and categorizes it for organizational purposes.
It ensures that every record is sorted out by sending out instant expense notifications to track every transaction. This enforced habit initiates a much simpler tax process to maximize the overall amount of monetary growth. The Coconut app works alongside PrePay Solutions in order to provide the banking service that it does as a non-bank platform. There are two types of plans available on the app, the 'Start' plan and the 'Grow' plan -- the Start plan is a free service, whereas the Grow plan is offered at £5 per month.