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Coconut vs PaperLess: Which Is Better Accounting Software?


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

Which accounting software is better Coconut or PaperLess?

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

Coconut homepagePaperLess homepage
 

Coconut vs PaperLess Basics

CoconutPaperLess
Software WebsiteCoconut WebsitePaperLess Website
HMRC MTD StatusIn DevelopmentNot Included
Who Can Use It?Self-employed peopleBusinesses and Accountants
HMRC Listed FeaturesNoneRecord keeping
PlatformsWeb-based application, Android, and iOSClient based application
Note data for this section comes from HMRC here and here

Coconut vs PaperLess Reviews

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

CoconutPaperLess
Trustpilot Rating4.54.6
Number of Trustpilot Reviews71444
iPhone App Rating4.7No Rating
Number of iPhone Reviews2800No Reviews
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 PaperLess Prices

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

Coconut pricingPaperLess pricing

Free Plans & Trials

CoconutPaperLess
Free Plan?NoNo
Free Trial?YesNo
Free Trial Length?30 DaysNo
Data taken from each company’s website at the time of writing but may have since changed.

Paid Plan Prices

CoconutPaperLess
Cheapest Plan Cost Per Month£9.00£69.00
Mid-Tier Plan Cost Per MonthNANA
Top Plan Cost Per MonthNANA
Data taken from each company’s website at the time of writing but may have since changed.

Coconut vs PaperLess Features

Coconut featuresPaperLess 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

PaperLess Basic Features

  • Automatic Invoice Recognition
  • Live Posting of Transactions into Sage
  • Automatic Attach Invoices to Sage
  • Automatic Upload of Transactions into Sage
  • Live Lookup of Invoices from withing Sage
  • Full Access to PaperLess Accounting Archive
  • Full Remote Access to PaperLess

PaperLess Software Integrations

  • Iris Exchequer
  • Decorus
  • Numerii

Common Feature Comparison

CoconutPaperLess
Payroll Software IntegrationNoYes
Track VATYesNo
VAT FilingYesYes
Real-Time Financial ReportsNoNo
Prepare Self AssessmentYesNo
Income Tax EstimatesYesNo
Manage Income & ExpensesYesYes
Create InvoicesYesYes
Forecast Cash FlowYesNo
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

CoconutPaperLess
Pros
  • App is well designed
  • Price
  • Perfect set of features
  • Customer service is top notch
  • Dashboard makes seeing all daily activities in one place
  • Automate invoice approval processes per on supplier, department, project and/or cost centre
  • Full Document Management Automation for Emailed Invoices
  • Automatic Invoice Recognition
Cons
  • Few features lacking compared to other scheduling software
  • Calculations didn’t match up
  • Low review score

More Comparisons

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Dext Prepare vs Hammock
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