There are tools for this, generally not inexpensive I'm afraid.
I use
Finale for most of my notation/tablature work. I've been using it since 97, so after that painful first investment it hasn't been too bad. I'm not sure I'd recommend spending $600 unless you are going to use it a lot.
I also have
Notion, which I'm using with Studio One. It is not at the same level as Finale in terms of engraving, but it works quite well. I have not tried
Progression, which is geared more towards guitar, you might want to take a look.
There are a number of open source and freeware and lower priced tools out there, to be candid I just haven't felt the need to look at them, Finale does pretty much everything I need.
However, I should mention
TablEdit. For $60 it handles guitar tablature really well, when I was teaching it was my main tool for lesson sheets. I still use it, just not as much. If I used it more I'd probably like it more. Definitely worth a look!