Tide Accounting vs Coconut: Which Is Better Accounting Software?

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

Tide Accounting vs Coconut Basics

	Tide Accounting	Coconut
Software Website	Tide Accounting Website	Coconut Website
HMRC MTD Status	Not Included	In Development
Who Can Use It?	Businesses and Self-employed	Self-employed people
HMRC Listed Features	None	None
Platforms	Web-based application, Android, iOS	Web-based application, Android, and iOS

Note data for this section comes from HMRC here and here

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

	Tide Accounting	Coconut
Trustpilot Rating	4.3	4.5
Number of Trustpilot Reviews	17984	714
iPhone App Rating	4.4	4.7
Number of iPhone Reviews	7	2800
Android App Rating	4.5	4.6
Number of Android Reviews	13	1040

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

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

	Tide Accounting	Coconut
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	App is well designed Price Perfect set of features Customer service is top notch Dashboard makes seeing all daily activities in one place
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	Few features lacking compared to other scheduling software Calculations didn’t match up