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.
Tax Assistant Online Apps
The Coconut App Keeps Track of Personal Expenses, Invoices, and Taxes
Trend Themes
1. Banking and Accounting Platforms - Opportunity to develop innovative banking and accounting platforms tailored for small business owners, self-employed individuals, and freelancers.
2. Expense Tracking and Management - Opportunity to create advanced expense tracking and management tools that automate categorization and simplify tax processes.
3. Non-bank Financial Services - Opportunity to offer non-bank financial services, such as banking and accounting, through partnerships with existing banking platforms.
Industry Implications
1. Fintech - Fintech companies can develop innovative banking and accounting platforms to cater to the needs of small business owners, self-employed individuals, and freelancers.
2. Software Development - Software development companies can capitalize on the demand for advanced expense tracking and management tools that streamline tax processes.
3. Financial Services - Financial service providers can explore partnerships with non-bank platforms to offer banking and accounting services to a wider customer base.