Tyms

Tyms is online accounting software for businesses and accountants, automating reconciliation, inventory, fixed assets, consolidation, and reporting.

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Overview

Tyms is online accounting software built for modern businesses that want to automate routine financial work and keep ledgers, reports, and operational accounting tasks in one system. The site describes it as an accounting intelligence suite that helps users manage core accounting processes without relying on spreadsheet-style workflows.

Its capabilities cover revenue and expense tracking, bank reconciliation, prepayments, inventory and manufacturing, fixed assets, and real-time financial statements. The platform also highlights enterprise customization, multi-entity consolidation, approval workflows, custom roles, and support for businesses that need a more structured accounting environment.

The company says Tyms is designed for both accountants and non-accountants, and the pricing page shows flexible, sales-led pricing with plans that grow with the business. The site also states ISO 27001:2022 certification and SOC 2 Type 2 compliance.

Core features

Revenue and expense management

Track revenue, expenses, receivables, payables, and recurring transactions, with entries flowing into the general ledger and support for payment gateways, payroll, and spend management connections.

Bank reconciliation

Upload or email bank statements and let Tyms automatically match and reconcile transactions, including 1-to-1, 1-to-many, and many-to-many matching.

Prepayments automation

Automate the recognition, scheduling, and ledger posting of prepaid income and expenses, including deferred revenue and deferred expense adjustments.

Inventory and manufacturing

Handle inventory and manufacturing workflows with stock, production, and order tracking, plus valuation methods such as FIFO, LIFO, and weighted average.

Fixed assets automation

Prepare depreciation schedules and automate disposal handling for fixed assets or PPE, with real-time ledger computation and asset register management.

Financial statements and reporting

Generate profit and loss, balance sheet, and cash flow statements in real time, with multi-dimensional views such as periods and branches.

Common use cases

General business accounting
Use Tyms to centralize day-to-day accounting tasks such as invoicing, expenses, payables, receivables, and recurring entries in one ledger-based system.
Bank reconciliation workflows
Use the bank reconciliation workflow to import statements and match transactions automatically, including more complex matching patterns when one payment relates to multiple entries.
Inventory and production tracking
Use the inventory and manufacturing tools to track stock movement, production, and orders while keeping ledger entries synchronized in real time.
Multi-entity consolidation
Use the consolidation features to combine results across multiple entities, locations, and currencies for a broader view of business performance.
SaaS revenue accounting
Use the SaaS-focused pages and reporting features to manage subscription-based revenue, recurring transactions, business KPIs, and financial reporting.

Pros and Cons

Pros

Covers a broad accounting workflow set, including reconciliation, prepayments, fixed assets, inventory, and financial statements.
Supports multi-entity, multi-location, and multi-currency consolidation.
Offers real-time reports and audit logs for ongoing financial visibility.
Includes approval workflow and custom roles for team-based use.
Provides help-center documentation across bookkeeping, inventory, payments, integrations, and account management.

Cons

The site does not publish a full list of third-party integrations or connectors on the provided pages.
Pricing is not fully self-serve; the site points users to a demo and customized plan for getting started.
Some details such as onboarding flow, implementation effort, and reporting depth are only described at a high level.

FAQ

Is Tyms suitable for both accountants and non-accountants?

Tyms is presented as accounting software for both accountants and non-accountants, with automation and guided help through its knowledge base and help center.

How does Tyms pricing work?

The pricing page shows flexible pricing with plans that start from $100, and it also says you can get started from $2.50. The site instructs users to schedule a demo with sales to begin a customized plan.

Can teams use Tyms together?

Tyms supports features such as approval workflows, custom roles, and business accounting workflows that can be used by teams managing shared financial operations.

What kind of setup should I expect?

The site highlights accounting workflows, financial statements, help-center guidance, and product areas such as invoicing, bookkeeping, inventory, and payments, but it does not give a full implementation timeline or onboarding process.

Does Tyms support integrations?

The source mentions a help-center category for integrations and says Tyms supports integration features, but it does not list specific third-party connectors on the provided pages.

Quick Facts

Category: Accounting software
Platform: Web-based online software
Primary users: Businesses, accountants, and non-accountants
Pricing model: Sales-led flexible pricing with a demo flow
Source domain: tyms.io
Notable workflows: Bank reconciliation, prepayments, inventory, fixed assets, and financial statements