Purchases that get made outside of Coconut are a common question we get. Ultimately to provide an accurate record of your business finances we need to capture 100% of the transactions.
Firstly - by being able to connect all your accounts to Coconut, this was a big step in helping to do that.
But cash purchases are still on our hit list.
How we’re approaching it
We want to add the ability to add these transactions manually into Coconut so that you can record them side by side with all your other business expenses.
This will likely live in the Accounts tab, via some sort of add button that lets you type in the amount and nature of the cash purchase.
This could also be a light way of tackling mileage too if we add an option for that. See Mileage Tracking
When do you make cash purchases?
What do you buy?
Do you always get a receipt?
How do you handle these currently?