Tide Accounting vs 123 Sheets: Which Is Better Accounting Software?

We compare them based on real user reviews, prices and what features they both offer.

Tide Accounting vs 123 Sheets Basics

	Tide Accounting	123 Sheets
Software Website	Tide Accounting Website	123 Sheets Website
HMRC MTD Status	Not Included	Approved
Who Can Use It?	Businesses and Self-employed	Agents and businesses
HMRC Listed Features	None	Digital record keeping, Updates to HMRC for self-employment, Tax estimates from HMRC based on provided updates
Platforms	Web-based application, Android, iOS	Web-based application

Note data for this section comes from HMRC here and here

Wondering if Tide Accounting or 123 Sheets has better user reviews. We compared them below.

	Tide Accounting	123 Sheets
Trustpilot Rating	4.3	4.8
Number of Trustpilot Reviews	17984	1239
iPhone App Rating	4.4	No Rating
Number of iPhone Reviews	7	No Reviews
Android App Rating	4.5	No Rating
Number of Android Reviews	13	No Reviews

Please note ratings we’re accurate at the time of writing but may have since changed

Which is cheaper Tide Accounting or 123 Sheets? Here are their prices compared.

Data taken from each company’s website at the time of writing but may have since changed.

Data taken from each company’s website at the time of writing but may have since changed.

	Tide Accounting	123 Sheets
Payroll Software Integration	Yes	No
Track VAT	Yes	Yes
VAT Filing	Yes	Yes
Real-Time Financial Reports	Yes	No
Prepare Self Assessment	Yes	No
Income Tax Estimates	Yes	Yes
Manage Income & Expenses	Yes	Yes
Create Invoices	Yes	No
Forecast Cash Flow	Yes	No
Accept and Make Payments In Different Currencies	No	No
Employee Time Tracking	No	No
Projects	No	No
Bank Feed Integration	Yes	No
End of Year Filings	No	No
Capture Bills And Receipts	Yes	No
Bulk Reconcile Transactions	Yes	No
Track Inventory & Stock Levels	No	No

	Tide Accounting	123 Sheets
Pros	A business account with no monthly fee is available. You can access your account digitally via an app on Android or iPhones and on the Tide website. Tide offers bank accounts provided by ClearBank that are eligible for protection through the Financial Services Compensation Scheme (FSCS). Tide offers 24/7 support with the member support team	Price Easy to use Fast filing and prompt support Submitting VAT returns digitally Excel compatibility
Cons	E-money accounts (for some existing customers) from Tide are not protected by FSCS, though Tide is in the process of moving Tide accounts from PPS e-money accounts to ClearBank FSCS-protected bank accounts It is not possible to deposit cheques into a Tide account Business partnerships and charities cannot open a Tide account	Being logged out too soon and very often VAT return page doesn’t include the period dates Process navigation could be improved Price goes up every year Takes as much time as posting it for free to HMRC