Compare Xero and TBworks - Feb 2023

Shlomi Lavi

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Bottom Line: Which is Better - Xero or TBworks?

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 Core Accounting 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:

Xero Vs. TBworks

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...

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...

Who is more expensive? Xero or TBworks?

The real total cost of ownership (TCO) of Core Accounting 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 Xero and TBworks.

Xero price starts at $12 per month , On a scale between 1 to 10 Xero is rated 2, which is much lower than the average cost of Core Accounting software. TBworks price starts at $50 per 5 users/month , When comparing TBworks to its competitors, the software is rated 4 - lower than the average Core Accounting software cost.

Bottom line: TBworks is more expensive than Xero.

Which software includes more/better features?

We've compared Xero Vs. TBworks based on some of the most important and required Core Accounting features.

Xero: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Accounts Payable, Accounts Receivable, Billing & Invoicing, Budgeting & Forecasting, Fixed-Assets, Purchase Orders, Data Analysis Tools, Forecasting.

TBworks: We are still working to collect the list of features for TBworks.

Target customer size

Xero is best for small businesses, freelancers and non-profit organizations.

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