Coconut Alternative

Everything Coconut does. Plus everything it doesn't.

Same sole trader focus. Add invoicing, AI bookkeeper, payroll, and a free accountant portal.

Feature	Accounted	Coconut
AI Bookkeeper	Penny — named AI, proactive guidance, all tiers	Basic auto-categorisation only
Messaging Receipt Scanning	Telegram/SMS at launch	Not available
Bank Feeds	Included	Included
Receipt OCR	Included	Included
Invoicing	Professional tier £24	No invoicing module
Bulk Invoice Operations	ZIP download, bulk email, bulk mark paid	Not available
MTD VAT Submissions	Starter £14	Included
MTD Income Tax (ITSA)	Included	Included
CIS Management	Professional £24	Subcontractor CIS deductions
Corporation Tax	Business £34 — in-product with marginal relief	Sole traders only — no Ltd support
Payroll with RTI	Complete £44	Not available
Free Accountant Portal	Free forever — practice suite, KYC/AML, tax calendar	Accountant platform, basic client view
HMRC Submission Receipts	PDF receipt download, confirmation email	Not available
Section 24 Tax Intelligence	Business £34 — Penny surfaces S24 tax consequence	Record finance costs only, no tax intelligence
Founding Member 50% Off for Life	50% off locked for life	Not available

AI Bookkeeper

Accounted

Penny — named AI, proactive guidance, all tiers

Coconut

Basic auto-categorisation only

Messaging Receipt Scanning

Accounted

Telegram/SMS at launch

Coconut

Not available

Bank Feeds

Accounted

Included

Coconut

Included

Receipt OCR

Accounted

Included

Coconut

Included

Invoicing

Accounted

Professional tier £24

Coconut

No invoicing module

Bulk Invoice Operations

Accounted

ZIP download, bulk email, bulk mark paid

Coconut

Not available

MTD VAT Submissions

Accounted

Starter £14

Coconut

Included

MTD Income Tax (ITSA)

Accounted

Included

Coconut

Included

CIS Management

Accounted

Professional £24

Coconut

Subcontractor CIS deductions

Corporation Tax

Accounted

Business £34 — in-product with marginal relief

Coconut

Sole traders only — no Ltd support

Payroll with RTI

Accounted

Complete £44

Coconut

Not available

Free Accountant Portal

Accounted

Free forever — practice suite, KYC/AML, tax calendar

Coconut

Accountant platform, basic client view

HMRC Submission Receipts

Accounted

PDF receipt download, confirmation email

Coconut

Not available

Section 24 Tax Intelligence

Accounted

Business £34 — Penny surfaces S24 tax consequence

Coconut

Record finance costs only, no tax intelligence

Founding Member 50% Off for Life

Accounted

50% off locked for life

Coconut

Not available

What Accounted does that Coconut doesn’t

Invoicing built in

Coconut has no invoicing module. Accounted includes invoicing with bulk operations from Professional tier.

Grows with your business

Coconut is sole traders only. If you incorporate, you need to switch. Accounted supports sole traders through to Ltd companies.

Penny AI bookkeeper

Proactive AI that categorises, creates invoices, and reminds you about deadlines — not just auto-categorisation.

Payroll and RTI

Run payroll and submit RTI to HMRC directly from Accounted. Coconut does not offer payroll.

Ready to switch from Coconut?

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Accounted vs Coconut FAQ

No. Coconut does not have an invoicing module. Accounted includes invoicing with bulk email, ZIP download, and bulk mark paid from the Professional tier.

No. Coconut focuses on sole traders only. If you incorporate, you will need to switch. Accounted supports sole traders through to Ltd companies with Corporation Tax and payroll.

Yes — sign up in under 2 minutes, connect your bank via Open Banking, and Penny imports and categorises your transactions. Your accountant joins for free.

No. Your accountant gets a free portal with full client visibility, AI workpapers, and bulk operations. No partner programme, no certification, no per-client fees. Ever.

From £14/month for Starter. Professional is £24/month. Business is £34/month. Complete with payroll is £44/month. No add-on fees for CIS, Corporation Tax, or accountant access.