How to Connect Your Account(s) to Coconut

Instructions and visuals on how-to connect your account

Updated over a week ago

By connecting your current accounts and credit cards to Coconut you will get a complete view of your business across every account, whenever you need it.

Once you’ve hooked up your accounts, you’ll be able to see all of your transactions in the Coconut app, add receipts and notes, as well as categorise them for tax. We’ll also take into account any business income or expenses in your monthly overview. This means you’ll never miss another business expense and you can make the most of our bookkeeping tools regardless of which card you choose to use.

Connect your bank account(s) to Coconut in a few very simple steps:

Simply head over to your 'More' tab > Bank Connections > Add accounts.

Once you've chosen your bank, you'll need to give us permission to read certain information, so we can capture it in the app (this can be revoked anytime if you'd like to disconnect your accounts):

You'll be redirected to your bank's main website or app to complete the process.

When you've confirmed this with your bank, you'll be redirected to the app. Here you will decide if you want to use the account for mostly business or a mixture or personal and business.

Please note that what you select here will determine how Coconut treats your transactions, and that this selection cannot be undone or changed at a later time.

Here's a handy guide:

App selection

When would I use this?

How Coconut treats this

Mostly business

If you have a dedicated business account or the majority of transactions in this account are related to your self-employed income.

Coconut will automatically apply business categorisation to your transactions, and will suggest business categories.

These transactions count towards your business income and expenses.

If you have personal transactions, you'll need to categorise these as 'Personal'.

A mix of business and personal

If you have an account that's mostly utilised for personal use and some of your self-employed income.

You can also add an account which is solely for personal use.

Coconut will not automatically apply business categorisation to your transactions, and will set all of your transactions to 'Personal'.

These 'Personal' transactions do not count towards your business income and expenses.

This allows you to manually select which of the transactions in your account are business related, and categorise them accordingly.

Finally, the app will let you know once the setup has been successful!

Now that your account is connected, you can use Coconut for bookkeeping, creating and sending invoicing, tax management, capturing expenses, and more.

Read more:

Did this answer your question?