What is ‘Profitability Insights’ and how does it work?

‘Profitability Insights’ is a Tide Accounting and Admin Extra feature, that gives you insights on your accounting, and boosts your understanding of the financial, expense and profit trends of your business. 

In the app, go to: ‘Admin’ > ‘Open Accounting’ > ‘Insights’ > ‘Profitability Insights’, and you’ll see your: 

Admin: If you are an Admin, the outcome depends on whether there are other admins on the account:

• Profitability insights

• Net profit and revenue

• Expenses

While Tide Accounting allows you to see a 3-month overview of your insights, Tide Accounting Extra and Admin Extra will display interactive information over a 3, 6, 9 or 12 month breakdown.

• Multiple Admins - If there are other Admins, closing your account will simply remove your own access. The remaining Admins and team members will continue to have access. Companies with multiple Admins can only close the Tide business account entirely, once all but one admin has revoked their access and the remaining Admin can initiate the account closure process for the entire business.

• Single/last remaining Admin - If you are the only Admin, closing your account will start the account closure process for the entire business, and all team members will lose access once the business account is closed.