Compare TBworks and NetSuite Financials - Feb 2023

Shlomi LaviShlomi Lavi / Feb 27, 2023

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Bottom Line: Which is Better - TBworks or NetSuite Financials?

TBworks is more expensive to implement (TCO) than NetSuite Financials, and NetSuite Financials is rated higher (89/100) than TBworks (85/100). NetSuite Financials offers users more features (16) than TBworks (0). There is a clear winner in this case and it is NetSuite Financials!

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. NetSuite

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...

NetSuite: NetSuite is the world's leading provider of cloud-based business management software. NetSuite helps companies manage core business processes with a single, fully integrated system covering ERP/financials, CRM, ecommerce, inventory and more.   More than 12,000 high-growth and midsized companies and divisions of large enterprises...

Who is more expensive? TBworks or NetSuite Financials?

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 NetSuite Financials.

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. NetSuite Financials price starts at $499 per user/month , When comparing NetSuite Financials to its competitors, the software is rated 2 - much lower than the average Accounting & Finance software cost.

Bottom line: TBworks is more expensive than NetSuite Financials.

Which software includes more/better features?

We've compared TBworks Vs. NetSuite Financials 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.

NetSuite Financials: Accounts Payable, Audit Trail, Billing & Invoicing, Budgeting & Forecasting, Cash Flow.

Target customer size

TB Works Core Accounting Software caters to a wide range of industries, including retail, healthcare, manufacturing, hospitality, and professional services. Netsuite Financials is ideal for businesses of all sizes and has catered to the needs of hundreds of companies.



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.

NetSuite Financials

ITQlick rating
(4.2/5)

starts at $499 per user/month

NetSuite Financials is a cloud-based accounting and eCommerce software suite designed to comply with all business sizes. It aims to streamline your accounting department through the use of a web based applicati...

Categories: Billing & Invoicing, Budgeting & CPM, Business tax, Core Accounting, Financial reporting.

Compare specifications

Compare features

TBworks: 0 Features

We are working to collect the list of features

NetSuite Financials: 16 Features

Accounts Payable
Audit Trail
Billing & Invoicing
Budgeting & Forecasting
Cash Flow
Depreciation
Fixed-Assets
Multi-Currency
Project-Accounting
Sales Reporting
Tax compliance
Time & Expense
Billing Rate Management
Corporate Card Payments
Multiple Billing Rates
Time Tracking by Project
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
NetSuite...
ITQlick rating
4.2/5
Score
89/100
Pricing
3.2/10
License pricing
$499 per user/month
Functionality
41
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.