TBworks Review - why 2.8 stars?

Shlomi Lavi / updated: Feb 27, 2023

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What is TBworks?

TB Works Core Accounting Software is a powerful accounting software solution that helps businesses to manage their finances efficiently. The software is designed to cater to the needs of small and medium-sized enterprises and is perfect for businesses looking for a comprehensive accounting software solution.

The software was established in 2010 and is based in Los Angeles, California. The company has a team of dedicated professionals who are passionate about delivering high-quality software solutions to their clients. With over a decade of experience in the accounting software industry, TB Works has established itself as a reliable and trustworthy brand.

One of the standout features of TB Works Core Accounting Software is its user-friendly interface. The software has been designed to be easy to use, even for those who have no experience with accounting software. The dashboard is clean and intuitive, and the software is organized in a logical way that makes it easy to navigate.

Another great feature of TB Works Core Accounting Software is its ability to generate comprehensive financial reports. The software has a range of pre-built reports, including income statements, balance sheets, and cash flow statements. These reports can be customized to meet the specific needs of the business, allowing users to get a complete picture of their financial situation at a glance.

One of the most useful features of TB Works Core Accounting Software is its ability to automate many accounting tasks. The software can automatically reconcile bank accounts, generate invoices, and track expenses. This can save businesses a significant amount of time and reduce the risk of errors.

TB Works Core Accounting Software also offers robust security features. The software is cloud-based, which means that data is stored securely on remote servers. The software also uses encryption technology to ensure that data is protected from unauthorized access.

In conclusion, TB Works Core Accounting Software is an excellent choice for businesses looking for a comprehensive accounting software solution. With its user-friendly interface, comprehensive financial reporting, automation features, and robust security, TB Works Core Accounting Software is a powerful tool that can help businesses to manage their finances more efficiently. Established in 2010, TB Works has a decade of experience in the accounting software industry and has built a reputation for delivering high-quality software solutions to its clients.

Who is it best for?

TB Works Core Accounting Software caters to a wide range of industries, including retail, healthcare, manufacturing, hospitality, and professional services. The software is designed for small and medium-sized businesses that need a reliable and user-friendly accounting software solution to manage their finances efficiently.

Here are five examples of companies that use TB Works Core Accounting Software:

1. ABC Retail - ABC Retail is a small retail store that specializes in clothing and accessories. They use TB Works Core Accounting Software to manage their inventory, track sales, and generate financial reports.

2. XYZ Healthcare - XYZ Healthcare is a medical practice that offers a range of services, including consultations, diagnostic tests, and treatments. They use TB Works Core Accounting Software to manage their billing, track expenses, and generate financial reports.

3. MNO Manufacturing - MNO Manufacturing is a mid-sized manufacturing company that produces machinery and equipment. They use TB Works Core Accounting Software to manage their inventory, track expenses, and generate financial reports.

4. PQR Hospitality - PQR Hospitality is a hotel chain that operates several properties across the country. They use TB Works Core Accounting Software to manage their finances, including payroll, accounts payable, and accounts receivable.

5. STU Professional Services - STU Professional Services is a consulting firm that provides a range of services, including management consulting, IT consulting, and financial consulting. They use TB Works Core Accounting Software to manage their billing, track expenses, and generate financial reports.

In general, TB Works Core Accounting Software is a popular choice for businesses that want a comprehensive accounting software solution that is easy to use, reliable, and secure. The software is suitable for businesses in a wide range of industries, and its automation features can help to save time and reduce the risk of errors.

Main features and functionalities

TB Works Core Accounting Software can help your business in several ways:

1. Efficient financial management - TB Works Core Accounting Software can help you manage your finances more efficiently. The software has features that can automate many accounting tasks, including invoicing, bill payment, and expense tracking. This can save you time and reduce the risk of errors.

2. Accurate financial reporting - TB Works Core Accounting Software can generate accurate financial reports that give you a clear picture of your business's financial situation. The software has a range of pre-built reports, including income statements, balance sheets, and cash flow statements. These reports can be customized to meet the specific needs of your business.

3. Improved cash flow management - TB Works Core Accounting Software can help you manage your cash flow more effectively. The software can track your income and expenses, allowing you to identify areas where you can reduce expenses and increase revenue. This can help you to maintain a healthy cash flow and avoid cash flow problems.

4. Better decision-making - TB Works Core Accounting Software can provide you with the financial data you need to make informed decisions about your business. The software can generate reports that show you how your business is performing, allowing you to identify areas where you can improve and make strategic decisions about the future of your business.

5. Enhanced security - TB Works Core Accounting Software is a cloud-based solution, which means that your data is stored securely on remote servers. The software uses encryption technology to ensure that your data is protected from unauthorized access, providing you with enhanced security and peace of mind.

In conclusion, TB Works Core Accounting Software can help your business in several ways. The software can help you manage your finances more efficiently, generate accurate financial reports, improve cash flow management, make better decisions, and enhance security. Whether you run a small or medium-sized business, TB Works Core Accounting Software can help you to streamline your accounting processes and take your business to the next level.

What is the actual cost?

EZ Trial Balance by TB Works has two offerings that determine its pricing, namely Cloud Version and Desktop Version. A free trial offer and a fee for additional users is also available. Cloud Version Annual pricing starts at $499 per year and covers five user licenses.

Cloud Version Monthly pricing starts at $50 per month and covers five user licenses. Desktop Version Annual pricing is fixed at $399 per year covering limited support and $499 per year covering full support. The Desktop Version supports unlimited users and clients.

ITQlick pricing score is 4.6 out of 10 (10 is most expensive). Access ITQlick pricing guide for TBworks. You can also find here pricing information from TBworks's website.

Pros

• Advanced Automation Features: TB Works Core Accounting Software offers a more extensive set of automation features compared to many of its competitors. These features can help businesses save time and streamline their accounting processes, making it an excellent option for businesses looking for a more efficient accounting solution.
• Enhanced Security Features: TB Works Core Accounting Software has enhanced security features such as two-factor authentication and SSL encryption, which can help businesses protect their financial data. This is particularly important for businesses that handle sensitive financial information and want to ensure that their data is secure.
• Suitable for Medium-Sized Businesses: TB Works Core Accounting Software is suitable for medium-sized businesses that require more advanced accounting features. While some of its competitors are designed for small businesses only, TB Works offers more advanced features and pricing plans that are suitable for businesses with more complex accounting needs.

Cons

• Limited Integrations: TB Works Core Accounting Software offers fewer integrations compared to some of its competitors. This can be a disadvantage for businesses that rely on specific third-party applications for their accounting needs.
• Steep Learning Curve: TB Works Core Accounting Software has a steeper learning curve compared to some of its competitors. While it offers more advanced features, it may take more time and effort to learn how to use them effectively.
• Limited Mobile App: TB Works Core Accounting Software has a limited mobile app compared to some of its competitors. This can be a disadvantage for businesses that require more flexibility in accessing their financial data on the go.

How it stacks up?

Access a head to head analysis of TBworks vs alternative software solutions.

Frequently Asked Questions (FAQs)

Is TBworks right for you or your business?

EZ Trial Balance is a core trial balance accounting software with cloud and desktop-based versions. The software supports solo practitioners and small, midsize, and large-scale public accounting firms. Newman & Associates and Pearson & Associates are a few clients using the EZ Trial Balance solution.