Understand your Reports and Insights

Tide Accounting's Reports and Insights help you to read and understand your finances at the click of a button.

This guide shows you how to:

🔗 Access Reports & Insights

🔗 Use Reports & Insights

🔗 Make the most out of Reports & Insights

Benefits for your business

Money insights

You can understand what's driving your costs: expenses, profit, and revenue

No-stress tax season

You can use the data for your Self Assessment, Corporation Tax estimates, or VAT returns

Grow your business

You can make better business decisions with clear cash flow

Avoid shortfalls

You can better predict when you'd expect rising costs or drops in the cash flow

Financial applications

You can prepare all documents, when applying for external financing, in just a few clicks

View and generate your Reports

Your Profit and Loss

Otherwise known as your Income Statement, the Profit and Loss (P&L) report will help you understand your income and expenses. The P&L is essential if you're seeking funding or filing your end-of-year reports.

Tap Admin > Insights > Profit & Loss to view your report

Select the specific financial year or enter a custom date range

Choose if you'd like to download your report as PDF or CSV

Your Balance Sheet

This statement shows you everything that your business owns (assets) and everything that it owes (liabilities), to determine your company's net worth.

Tap Admin > Insights > Balance Sheet to view your report

Select the specific financial year or enter a custom date range

Choose if you'd like to download your report as PDF or CSV

Your Trial Balance

This report shows the closing balances of all your accounts, and is useful for your Accountant to quickly spot if your debit and credit numbers don't match in the general ledger.

Tap Admin > Insights > Trial Balance to view your report

Select the specific financial year or enter a custom date range

Choose if you'd like to download your report as PDF or CSV

View your Business Insights

View your cash flow

This shows the net amount of money going in and out of your business.

Tap Tap Admin > Insights

Tap View details to see:

Your balance today: what your account balance currently holds

Your projected balance: taking into account your current balance, expected money to be paid to you (via due Invoices), and transfers set to go out of your account (via upcoming bills and scheduled payments)

Your Activity (a bar chart) and Balance tracker (a line graph): both reflect the money going in and out of your account within a 6-month-timeframe. That includes the past 4 months, the current month, and the one that follows

See how money moves through your business

View your Net profit, Revenue, and Expenses in the last 6 months:

Tap Tap Admin > Insights

Tap on a specific month to see a breakdown of your transactions

Best practice to keep your Reports & Insights accurate

Double-check to see that all your transactions are labeled correctly. Learn how to add your missing categories

Match your invoices and payments to ensure you don't duplicate costs. Check out how to keep your account in order and automatically match your invoices

Complete all your bookkeeping tasks, so your Bookkeeping Score is 100%

Ensure you've connected all of your relevant Tide accounts, and accounts from other providers, to the accounting add-on you use. Learn how to connect to Xero or other providers (ie. Sage, FreeAgent, Coconut, CashFlow, QuickBooks, Crush, ClearBooks or Reckon)