Coconut + Estate Agents: Faster Bank Import
Estate agents manage client money accounts, commission income, and office expenses — all requiring careful reconciliation for compliance. If you use Coconut for your accounting, you need a fast way to get bank statement data into the system.
BankScan AI for Estate Agents Using Coconut
BankScan AI converts any bank statement PDF to CSV formatted for direct import into Coconut. Convert your client money and office account statements to structured spreadsheets for faster reconciliation and compliance reporting.
The Estate Agents + Coconut Workflow
Estate agents reconcile client money accounts holding tenant deposits and rent, match commission income against completed property sales, and track office operating expenses. Client money accounts must be reconciled separately from office accounts, with detailed records of every client fund movement maintained for compliance.
Key terms you'll encounter: client money account, completion statement, exchange of contracts, CMP scheme.
How It Works
Upload any bank statement PDF
Supports all major banks. Saves 2-3 hours per week on client money account reconciliation and commission tracking across property completions
AI formats for Coconut
Output as CSV with Date, Description, Amount — Coconut accepts a single amount column with positive for income and negative for expenses — dates in DD/MM/YYYY.
Import and reconcile
In Coconut, go to Transactions > Import. Upload the CSV from BankScan AI to bring in transactions from external bank accounts alongside your Coconut banking data. Coconut auto-categorises imported transactions by comparing them against your existing Coconut transaction categories, learning your categorisation preferences over time.
Supported Banks
BankScan AI works with all major UK and US banks, including:
Coconut Features for Estate Agents
- Coconut ready — Output formatted as CSV matching Coconut's expected column structure
- Smart integration — Coconut auto-categorises imported transactions by comparing them against your existing Coconut transaction categories, learning your categorisation preferences over time.
- Built for Estate Agents — Saves 2-3 hours per week on client money account reconciliation and commission tracking across property completions
- Software compatible — Output works directly with Reapit, Alto by Vebra, Xero
Import Steps for Estate Agents Using Coconut
As an estate agent, here's how to get bank data into Coconut:
- In Coconut, go to Transactions > Import
- Upload the CSV from BankScan AI to bring in transactions from external bank accounts alongside your Coconut banking data
Common Import Issues
Coconut is primarily a banking app — the import feature is designed for bringing in transactions from non-Coconut accounts. Large file imports may time out on mobile.
Coconut Import — Built for Estate Agents
Niche player combining business banking with basic bookkeeping. Targets freelancers who want banking and accounting in one app without managing separate tools.
Try Free — Coconut + Estate Agents