BusinessFinancing.co.uk

Featured* Small Business Accounting Software
 

Coconut vs Hammock: Which Is Better Accounting Software?


Last Updated: 20 May 2025
Reviewed By: Ian Wright (Managing Director)

Which accounting software is better Coconut or Hammock?

We compare them based on real user reviews, prices and what features they both offer.

Coconut homepageHammock homepage
 

Coconut vs Hammock Basics

CoconutHammock
Software WebsiteCoconut WebsiteHammock Website
HMRC MTD StatusIn DevelopmentIn Development
Who Can Use It?Self-employed peopleLandlords, agents and property managers
HMRC Listed FeaturesNoneNone
PlatformsWeb-based application, Android, and iOSWeb-based application, Android, and iOS
Note data for this section comes from HMRC here and here

Coconut vs Hammock Reviews

Wondering if Coconut or Hammock has better user reviews. We compared them below.

CoconutHammock
Trustpilot Rating4.53.8
Number of Trustpilot Reviews7142
iPhone App Rating4.74
Number of iPhone Reviews28007
Android App Rating4.6No Rating
Number of Android Reviews1040No Reviews
Please note ratings we’re accurate at the time of writing but may have since changed

Coconut vs Hammock Prices

Which is cheaper Coconut or Hammock? Here are their prices compared.

Coconut pricingHammock pricing

Free Plans & Trials

CoconutHammock
Free Plan?NoNo
Free Trial?YesYes
Free Trial Length?30 Days30 Days
Data taken from each company’s website at the time of writing but may have since changed.

Paid Plan Prices

CoconutHammock
Cheapest Plan Cost Per Month£9.00£5.99
Mid-Tier Plan Cost Per MonthNA£11.99
Top Plan Cost Per MonthNA£19.99
Data taken from each company’s website at the time of writing but may have since changed.

Coconut vs Hammock Features

Coconut featuresHammock features

Coconut Basic Features

  • Connect accounts from 30+ banks and credit cards
  • Track your income and expenses throughout the year
  • Access Coconut on both mobile and desktop
  • Send and track unlimited branded invoices
  • Always know how much tax to set aside
  • Easily share access with your accountant

Coconut Software Integrations

  • HSBC
  • AMEX
  • Tesco
  • Tide
  • M&S Bank

Hammock Basic Features

  • 1-3 Properties
  • Register your rental properties
  • Bookkeeping
  • Unlimited Bank Feeds
  • Real-time Notifications
  • User Management

Hammock Software Integrations

  • Revolut
  • Monzo
  • Natwest
  • TSB Bank
  • Barclays
  • Aldermore

Common Feature Comparison

CoconutHammock
Payroll Software IntegrationNoNo
Track VATYesNo
VAT FilingYesNo
Real-Time Financial ReportsNoYes
Prepare Self AssessmentYesYes
Income Tax EstimatesYesYes
Manage Income & ExpensesYesYes
Create InvoicesYesNo
Forecast Cash FlowYesYes
Accept and Make Payments In Different CurrenciesNoNo
Employee Time TrackingNoNo
ProjectsNoNo
Bank Feed IntegrationYesYes
End of Year FilingsNoNo
Capture Bills And ReceiptsYesYes
Bulk Reconcile TransactionsYesYes
Track Inventory & Stock LevelsNoNo

CoconutHammock
Pros
  • App is well designed
  • Price
  • Perfect set of features
  • Customer service is top notch
  • Dashboard makes seeing all daily activities in one place
  • Free trial
  • Automated bookkeeping
  • Unlimited Bank Feeds
Cons
  • Few features lacking compared to other scheduling software
  • Calculations didn’t match up
  • Low review score

More Comparisons

Coconut vs IRIS Elements
Coconut vs Kletta
Coconut vs MYT
Coconut vs Onvio Tax
Coconut vs PaTMa

Disclaimer: Businessfinancing.co.uk is a business finance and lending research and information website publisher. We are not a lender, bank, broker and/or other financial institution and as such we are not authorised or regulated by the FCA to offer financial advice. We can't recommend any of the products and/or services featured on the site. Companies are ranked in no particular order and higher ranking does not imply one company is better than another. We work with FCA authorised and regulated firms who may pay us a commission for referring you to them but this has no impact on our content and helps keep this website free to use.



Best Business Bank Accounts · Free Business Bank Accounts · Business Savings Accounts · Business Credit Cards
Blog · About Us · Contact US · Privacy Policy · Terms of Use
Copyright © 2025 BusinessFinancing.co.uk

Registered Office Address:
3rd Floor Great Titchfield House, 14-18 Great Titchfield Street, London, United Kingdom, W1W 8BD
Company number 10490224