TBworks Vs Xero (Jun 2021)

Shlomi LaviShlomi Lavi / Jun 21, 2021

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Bottom Line: Which is Better - TBworks or Xero?

TBworks is more expensive to implement (TCO) than Xero, Xero is rated higher (94/100) than TBworks (85/100). Xero offers more features (13) to their users than TBworks (0). There is a clear winner in this case and it is Xero!

Looking for the right Accounting & Finance solution for your business? buyers like you are primarily concerned about the real total implementation cost (TCO), full list of features, vendor reliability, user reviews, pros and cons. In this article we compare between the 2 software products:

How TBworks compares with Xero ?

TBworks: TBworks Trial Balance Accounting Software was created and designed by an Accountant in public practice for Accountants in public practice. After entering into public accounting, the primary software used was WorkPapers Plus. It was a great, easy to use, trial balance software that did the job on most engagements. Then over the years, Workpapers Plu...

Xero : Xero was founded in July 2006 by successful technology entrepreneur Rod Drury and specialist small business accountant Hamish Edwards. Xero is listed on the New Zealand Stock Exchange and the Australian Securities Exchange and is a fast growing company with teams in Wellington, Auckland, Melbourne, Sydney, Brisbane, San Francisco, and Milton Keynes...

Who's more expensive? TBworks or Xero?

The real total cost of ownership (TCO) of Accounting & Finance software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance & support and other related services. When calculating the TCO it's important to add all of these "hidden cost" as well. We prepared a TCO calculator for TBworks and Xero.

TBworks price starts at $50 Per 5 users/month , on a scale between 1 to 10 TBworks is rated 4, which is lower than the average cost of Accounting & Finance software. Xero price starts at $20 per month , when comparing Xero to their competitors, the software is rated 2 - much lower than the average Accounting & Finance software cost.

Bottom line: TBworks is more expensive than Xero.

Which software includes more/better features?

As with any business software solutions, it’s important to consider the features & functionality. The tool should support the processes, workflows, reports and needs that matter to your team. To help you evaluate this, we've compared TBworks Vs. Xero based on some of the most important and required Accounting & Finance features. TBworks: We are still working to collect the list of features for TBworks. Xero: Accounts Payable, Accounts Receivable, Billing & Invoicing, Budgeting & Forecasting, Fixed-Assets.

Target customer size

TBworks's typical customers include: Small, medium and large size businesses, Xero is best for small businesses, freelancers and non-profit organizations.

TBworks

ITQlick rating
(2.8/5)

starts at $50 Per 5 users/month

TB Works is a cloud-based and an on-premise trial balance software solution designed for accounting professionals and CPAs. Major features include a bookkeeping function such as setting up vendor and customer n...

Categories: Accounting & Finance, Accounting Practice Management.

Xero

ITQlick rating
(4.3/5)

starts at $20 per month

Xero is a cloud-based accounting and finance software for small, start-up, and growing enterprises. It has invoice management, purchasing, bank reconciliation, and bookkeeping features which help businesses boo...

Categories: Accounting & Finance, Fixed Asset Management, Recurring Billing, Billing & Invoicing, Budgeting & CPM.

Compare specifications

Xero Specifications

ITQlick Score: 94/100
ITQlick Rating: (4.3/5)
Pricing: 2/10 - low cost
Category: Core Accounting -> Xero
Company: Xero
Pricing: starts at $20 per month
Typical customers: Small businesses and start ups
Platforms: Desktop, Mobile, Cloud
Links: Xero review, Xero pricing, Xero alternatives

Compare features

TBworks: 0 Features

We are working to collect the list of features

Xero: 13 Features

Accounts Payable
Accounts Receivable
Billing & Invoicing
Budgeting & Forecasting
Fixed-Assets
Purchase Orders
Data Analysis Tools
Forecasting
Fixed Asset Management
Inventory Optimization
Supplier Management
Warehouse Management
Inventory Management
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality score
Software review
Compare
TBworks
ITQlick rating
2.8/5
Score
85/100
Pricing
4.6/10
License pricing
$50 Per 5 users/month
Functionality
3
Compare
Xero
ITQlick rating
4.3/5
Score
94/100
Pricing
2/10
License pricing
$20 per month
Functionality
46
Review
Denali
ITQlick rating
4.1/5
Score
93/100
Pricing
2.6/10
License pricing
$99 per month
Functionality
16
Review
MoneyDesktop
ITQlick rating
4.7/5
Score
92/100
Pricing
5.2/10
License pricing
Pricing not available
Functionality
4
MultiCHAX
ITQlick rating
3.4/5
Score
92/100
Pricing
7/10
License pricing
$99 per license
Functionality
5
Author

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.