1. You didn't shop around
Think back to when you opened your business account – was it with the bank where you have your personal account? Or maybe your accountant opened the account for you? If you didn’t shop around when you opened your account, it’s worth researching what’s available. Compare fees, benefits and features. You wouldn’t sign up with an electricity company, mobile provider or gym without looking for a deal that suited you, so why settle for the first business account that crossed your path?
2. You want your accountant to love you
Our business current account syncs with Xero, QuickBooks, FreeAgent, Sage, KashFlow and Reckon. And if that's not enough, you can export transactions in multiple formats to share with your accountant.
3. You have a separate system for everything
If you’re juggling folders and spreadsheets for invoices, expenditure, income tracking and so on, you might want to consider simplifying things. For example, with a Tide account, you can create, send and chase invoices alongside your finances. We also auto-categorise your transactions so you can see at a glance what’s coming in and going out. You can customise the categories to suit your business. Why would you do that in a separate spreadsheet when we can do it automatically for you?
4. You're still processing expenses claims
Not only is processing expenses a time-zapper but it means you’re leaving your staff and collaborators out-of-pocket until their claim is paid. Our solution is Team Cards, free company expenses cards. You can order up to 35 free Mastercards for your co-workers so they can simply pop their expenses on their Tide card. You’re in control - you can view transactions by spender, share PINs, freeze and cancel cards. Just upload receipts, add a note if you like and that’s it. All stored digitally.
5. Your account doesn't grow with your business
Companies at different stages need different things so accounts shouldn’t be one-size-fits-all. Many providers charge a fee for all business accounts but we don’t believe this is fair - members who only need a basic account shouldn’t have to pay, effectively to subsidise the services required by larger businesses. At Tide, you can apply for our free account and then upgrade to Plus when you’re growing your business. Premium, our invitation-only membership, is for companies which are more established.
6. You want to spend more time doing what you love
No-one starts a company to spend hours doing financial admin. Modern business current accounts like Tide automate many of the processes you previously had to do manually. The best technology helps us save time. Why keep doing things the old way when instead you could get more time back for doing what you love?