How to manage your Accounting or Admin Extra Tools

Your Tide Accounting tool gives you everything you need to manage your bookkeeping, understand your business performance and sort your taxes.

Learn how your tool works, how to add your accountant to your account, and how to manage your subscription.

How to sign up to your Tide Accounting or Admin Extra Tools

Here, under Tools, you can tap on and choose the tool you want:

Bookkeeping to help keep your accounts in order

Insights to understand how your business is performing

Taxes to help you work out, save for, and pay your taxes

How to manage your bookkeeping

Bookkeeping is the process of categorising your transactions, so you pay the correct amount of tax for them.

On the Admin tab, using the icons at the top of the tab, tap Bookkeeping to see your transactions, their categories, and any transactions you have left to categorise.

You can learn more about how to categorise your transactions here.

How to understand your business

With Insights, you’ll be able to see real time insights into your cashflow, profit, revenue and expenses. Just make sure your bookkeeping is accurate and up to date.

From the Admin screen, using the icons at the top, tap Insights, and then tap View details next to the data you want to learn more about.

How to sort your taxes

On the Admin tab, using the icons at the top, tap Taxes to see your tax dashboard.

Here you’ll be able to see your real time amounts for the tax you owe. Just make sure your bookkeeping is accurate and up to date.

Self Assessment & Corporation tax

If you're a sole trader, you’ll see your Self Assessment tax estimate, and if you’re a registered business, you’ll see your Corporation tax tax estimate.

Tap View breakdown to see how much you owe.

You can learn more about how to complete your Self Assessment here, and more about your corporation tax here.

VAT Manager

If you're VAT registered, your app will also show you your VAT Manager tool, which you can set up by tapping Connect to HMRC.

As you complete your bookkeeping, the VAT you owe will update automatically, which you can see in more detail by tapping View all.

You can also submit your VAT directly to HMRC by tapping Submit on desktop. You'll then be directed to Tide on the web to submit your VAT.

Your Tax Account

Open a tax account through your Taxes section by tapping Open a Tide Tax Account.

Choose your tax target, either based on your Self Assessment tax estimate or a custom one, and deposit money from your Tide account to your Tax Account by tapping Deposit.

You can deposit or withdraw money here, view your tax target progress, and pay HMRC directly by tapping Pay HMRC.

How to add your accountant to your account

You can add your account to your account, so they can manage your bookkeeping, understand your financial data, and submit your taxes returns through your app.

To do this, from the Admin screen tap More actions > Invite your accountant and follow the onscreen instructions.