Tide Accounting Software

Automate your small business accounting

Avoid manual admin with the small business accounting software that’s built into your bank account.

Free until 31 May 2023, then just £6.99 +VAT a month.infoTide Accounting costs £6.99+VAT per month. If you have connected a non-Tide business current account, you will not be charged until 31 May 2023. From June 2023 you will be charged a fee of £6.99+VAT per month unless you cancel before 1 June 2023

Get access


Existing Member? You can apply for Accounting by navigating to the Tide Accounting section in your app, under 'More Options'.

Simplify your bookkeeping with our accounting software

table_view

Eliminate spreadsheets

Automate your accounting tasks to save valuable time

star_border

End accounting stress

Get auto-calculated, real-time views of your tax liability

analytics

Submit VAT returns

Add VAT to transactions and complete returns from your account

Icon coins

No unnecessary extras

We’ve kept things simple so you only get the features you need

Will Tide Accounting suit my business?

Tide Accounting makes small business accounting simple and stress-free. So if you have little or no experience with bookkeeping or taxes, you’ll still find our tool easy to use.

Tide Accounting helps you tackle two big tasks:

  • VAT – sole traders and limited companies can use Tide Accounting to complete and submit their VAT returns (as long as they use the cash accounting scheme for VAT)
  • Self Assessment – sole traders can use Tide Accounting to estimate their income tax liability (provided they’re not VAT-registered)
sole-trader-accounting

Sole trader? Get ready for Self Assessment

If you’re a sole trader and you’re not registered for VAT, you can use Tide Accounting to estimate your tax liability – and get your Self Assessment tax return ready to submit to HMRC.

  • Save time with auto-categorisation of your transactions in HMRC categories
  • End the stress by having Self Assessment calculated for you
  • Stay accurate by easily adding and amending transactions and categories
  • Understand your business performance with real time profit and loss reports
tide-accounting-self-assessment

Accounting made easy

Simplify your tax reporting with Tide Accounting. Get real-time insights into your liabilities to make your accounting easy and headache-free.

See real-time estimates

Plan ahead for your tax deadlines and know exactly what you need to pay.

  • View an estimate of your income and expenses liability
  • See expenses auto-classified into accounting categories
  • No need to make manual calculations in separate spreadsheets
tide-accounting-estimates

Get into the detail

Use enhanced views to get a breakdown of all your Tide account transactions.

  • Understand how transactions impact your tax estimates
  • Transactions are auto-assigned to accounting categories
  • Categories match HMRC Self Assessment form fields
tide-small-business-accounting-estimates

Amend with ease

Modify your tax return with ease for complete and accurate submissions.

  • Manually add any transactions made with non-Tide bank accounts
  • Add and amend VAT rates for all your transactions
  • Make your reporting more accurate with transaction-checking tools
tide-accounting-amend

Access simple reporting

If you’re a non-VAT registered sole trader, you can view real-time profit and loss reports.

  • See your business performance in real time
  • Run easy-to-view reports in an instant
  • Reporting requires no accounting knowledge
tide-accounting-small-business-reporting
tide-accounting

How can Tide Accounting reduce my finance admin?

We designed Tide Accounting as an all-in-one bookkeeping software solution for small business owners. You don’t need any previous accounting knowledge to use it.

  • Transactions categorised automatically

    Our accounting categories match HMRC Self-Assessment fields to make form-filling easy

  • No accounting experience needed

    Our easy accounting software means you don’t need to be a professional accountant to use it

  • Calculations are done for you

    Say goodbye to spreadsheets with automated calculations of your tax liabilities

Get access

Tide Accounting FAQs

How does Tide Accounting calculate my VAT liability?

When you add VAT to your transactions, Tide Accounting automatically calculates the amount of VAT you have paid, and the amount of VAT you have charged your customers.

Do I have to be on the VAT Cash Accounting Scheme to use VAT Manager within Tide Accounting?

Yes, we currently can only cater to businesses that are on the cash basis for VAT. We plan to make the tool available for businesses using the accrual basis for VAT in the future.

If my business is on the flat rate scheme for VAT can I use VAT Manager within Tide Accounting?

Unfortunately, at the moment, VAT Manager only caters to businesses on the standard scheme for VAT. We plan to make the tool available for businesses using the flat rate scheme for VAT in the future.

Will VAT Manager suit my business?

 VAT Manager can be used by companies that:

  • Are on Standard VAT Scheme
  • Are registered with the VAT Cash Accounting Scheme
  • Trade only within the UK
  • Have no outstanding VAT corrections rolling over from previous periods
  • Manage their business transactions with Tide

How much does Tide Accounting cost?

The full price is £6.99 + VAT per month. However, while we are working on adding additional features to the product, we will be offering discounts.

Who can use Tide Accounting?

Tide Accounting is currently available for the following business types:

– Sole traders who are not registered for VAT
– Sole traders who are registered for VAT
– Companies registered for VAT

Do I need to understand accounting to be able to make use of Tide Accounting?

Tide Accounting has been designed to help business owners simplify accounting. Automating these tasks for you makes this possible. The tool assumes no prior knowledge of accounting.

Is Tide Accounting only available on the web?

Currently, yes, but we are working on making this available on the mobile app too.

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.

If my business is using the Construction Industry Scheme (CIS), can I make use of Tide Accounting?

Unfortunately, at the moment, Tide Accounting would then not be compatible. We plan to make the tool available for businesses using CIS in the future.

How does Tide Accounting calculate my self-assessment estimate?

When you categorise your transactions in Tide, Tide Accounting automatically matches these categories to HMRC’s self assessment SA103 Business Income and Business Expenses categories. This provides your self-assessment estimate. The estimate is based only on the transactions in your Tide account and any manual transactions you add.

You might also be interested in:

Tide Accounting costs £6.99+VAT per month. To use Tide Accounting for Self Assessment you must be a non-VAT registered sole trader using the cash accounting scheme.To use Tide Accounting for submitting your VAT return, you must be a VAT registered sole trader or registered business, using the cash accounting scheme for VAT. You will get Tide Accounting for free until 31 May 2023. Then, you will be charged a fee of £6.99+VAT per month unless you cancel prior to the expiration of the free trial period. The fee will be billed in the first week of each calendar month. Tide Accounting terms and conditions apply.