Compare TBworks vs Xero

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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)
Hosting
Functionality score
Fit small business
Fit medium business
Fit large business
Software review
Compare
TBworks
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
85/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
4.6/10
License pricing license pricing (if provided by the software vendor)
$299 per year
Hosting
Cloud
Functionality score
3
Fit small business
Fit medium business
Fit large business
Software review
Xero
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
94/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
2/10
License pricing license pricing (if provided by the software vendor)
$27.50 per month
Hosting
On premise and Cloud
Functionality score
46
Fit small business
Fit medium business
Fit large business
Software review
Denali
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
93/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
2.6/10
License pricing license pricing (if provided by the software vendor)
$99 per month
Hosting
On premise and Cloud
Functionality score
16
Fit small business
Fit medium business
Fit large business
Software review
MoneyDesktop
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
92/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
5.2/10
License pricing license pricing (if provided by the software vendor)
Pricing not available
Hosting
Cloud
Functionality score
4
Fit small business
Fit medium business
Fit large business
Software review
MultiCHAX
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
92/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
7/10
License pricing license pricing (if provided by the software vendor)
$99 per license
Hosting
On premise
Functionality score
5
Fit small business
Fit medium business
Fit large business
Software review

TBworks Vs. Xero: Which is better?

Shlomi Lavi / Feb 02, 2020

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:

Vendor comparison

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 Plus, and a similiar easy to use software, ATB, were gone. The large companies bought out and discontinued all the smaller easy-to-use software and began offering very complex and expensive “engagement” type software. There are still a few trial balance only software products on the market, but from first hand experience, they are extremely difficult to use and not user friendly. But now, TBworks Trial Balance Accounting Software is being introduced as an easy-to-use, affordable trial balance software.

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 (UK). 

Pricing/cost comparison

The real cost of Accounting & Finance software includes the software license, subscription fees, software training cost, customization cost, required hardware, and the cost of maintenance & support and other related services. It's critical that you account for all of these costs to gain an understanding of the system's "total cost of ownership". We prepared a total cost calculator for TBworks TCO and Xero total cost to help with the total cost of ownership calculation.

TBworks price Starting from $299 per year , on a scale between 1 to 10 TBworks is rated 4, which is lower than the average cost of Accounting & Finance software. Xero price Starting from $27.50 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.

Features and functionality

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 of TBworks. .
Xero list of features include the following: Accounts Payable, Accounts Receivable, Billing & Invoicing, Budgeting & Forecasting, Fixed-Assets, .

Target customer size

TBworks's typical customers include: Small business, Medium business, Large business, Xero is best for small businesses, freelancers and non-profit organizations.

TBworks

ITQlick rating
(2.8/5)

Starting from $299 per year

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)

Starting from $27.50 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.

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Compare specifications

TBworks Specifications

Name: TBworks
Company: TBworks
Address United States
Website:http://www.tbworkssoftware.com/
Platforms: Desktop, Mobile

Xero Specifications

Name: Xero
Company: Xero
Address Xero Accounting Software, Wellington, New Zealand
Website:https://www.xero.com/us/
Platforms: Desktop, Mobile, Cloud

Compare features

TBworks: 0 Features

We are working to collect the list of features

Xero: 8 Features

Accounts Payable
Accounts Receivable
Billing & Invoicing
Budgeting & Forecasting
Fixed-Assets
Purchase Orders
Data Analysis Tools
Forecasting