Doing your bookkeeping

Guidance on how to keep your bookkeeping accurate

20 articles in this collection
Written by Adam Goodall, Eva, and Steff

Categorising Transactions

How to categorise my transactions

Tracking your expenses with categories in-app

Written by Steff
Updated yesterday

How to Filter Transactions

How to filter and sort through your transactions to make accounting easier

Written by Steff
Updated yesterday

Adding Manual Adjustments

How to manually record transactions

Keeping track of income and outgoings that aren't yet recorded in your Coconut app

Written by Steff
Updated yesterday

Capturing Receipts

How to attach receipts to my transactions

You can attach receipts to your transactions in-app

Written by Steff
Updated yesterday

How to save a receipt for later

Saving and storing receipts for future transactions/ later use

Written by Steff
Updated yesterday

Accounting Questions

Purchasing assets

If you're considering capitalising large purchases and running depreciation

Written by Adam Goodall
Updated yesterday

Tracking Mileage

Some suggestions of apps to help you track your mileage

Written by Adam Goodall
Updated yesterday

Cash vs. Accruals Basis

Exploring the differences between recording income on a 'cash' or 'accrual' basis

Written by Steff
Updated yesterday

Managing VAT

How to get started with VAT

Head into your business profile to enable VAT on your account

Written by Eva
Updated yesterday

The VAT rate schemes

You can choose between the Standard or Flat rate schemes

Written by Eva
Updated yesterday

Cash accounting basis for VAT

The method adopts the approach that you will pay your VAT on the invoices that you have received rather than when they have been raised

Written by Eva
Updated today

Adding VAT to invoices

We are currently working on supporting this

Written by Eva
Updated yesterday

Applying VAT to a transaction

Head into your transaction and follow the prompts to record VAT

Written by Eva
Updated yesterday

VAT rate suggestions

The VAT rates we apply to a transaction is primarily based on the Category that’s assigned to the transaction

Written by Eva
Updated yesterday

My expense has multiple VAT rates on it

You will need to manually input the exact amount of VAT paid

Written by Eva
Updated yesterday

Selecting from a full list of VAT rates

Head into your transaction and tap on the + icon after expanding the VAT rate selector for the relevant transaction

Written by Eva
Updated yesterday

Red dots on my transaction list

These are transactions that need your attention

Written by Eva
Updated yesterday

Saving receipts when I claim VAT

You will need to keep a record of your VAT receipts

Written by Eva
Updated yesterday

Doing a VAT Return

You can export your data and use bridging software to submit your VAT return

Written by Steff
Updated yesterday

Limited Company Bookkeping

Running my payroll

If you have a Limited Company, you might need to run payroll

Written by Adam Goodall
Updated yesterday