Tide Accounting

What’s the difference between cash and accrual accounting? Does Tide Accounting support both?

With cash accounting, a company records revenue when customer payments are received and records expenses when supplier payments are made. Taxes are calculated on the resulting net income, so you do not have to pay taxes on money you haven’t collected. Accrual accounting recognizes revenue when it’s earned, and expenses when they’re incurred (but not paid).

Tide Accounting is only available to members that use cash accounting. As we advance the tool, it will become available for all accounting bases.

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