Compare TBworks and Xero - Feb 2023

Shlomi LaviShlomi Lavi / Feb 27, 2023

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Bottom Line: Which is Better - TBworks or Xero?

TBworks is more expensive to implement (TCO) than Xero, and Xero is rated higher (94/100) than TBworks (85/100). Xero offers users more features (13) 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 are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

TBworks Vs. 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 is 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 and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) 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 $12 per month , When comparing Xero to its 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?

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

TB Works Core Accounting Software caters to a wide range of industries, including retail, healthcare, manufacturing, hospitality, and professional services. 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 $12 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

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
$12 per month
Functionality
46
Review
Denali B...
ITQlick rating
4.1/5
Score
93/100
Pricing
2.6/10
License pricing
$1,999 per license
Functionality
16
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

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.