Last updated on
Company health
Ratings
TrulySmall Accounting description
TrulySmall Accounting is an accounting software designed for small business owners who want to simplify their bookkeeping. It automates tasks like categorizing transactions and reconciling bank statements using machine learning. The software offers invoicing, digital payment processing, multi-currency support, and generates financial reports quickly. TrulySmall Accounting prioritizes ease of use, aiming to make accounting accessible even without prior experience.
Who is TrulySmall Accounting best for
TrulySmall Accounting helps small business owners simplify bookkeeping with automated transaction categorization, bank reconciliation, and report generation. Users praise its ease of use and affordability, especially those without accounting experience. Some users mention initial difficulty with bank connections and limited invoice customization.
-
Best for small businesses.
-
Suitable for various industries.
TrulySmall Accounting features
| Supported TrulySmall Accounting sends automatic payment reminders two days before and two days after the due date. |
| Supported TrulySmall Accounting supports multiple companies and multi-currency transactions. |
| Supported TrulySmall Accounting allows receipt capture via mobile app. |
| Supported TrulySmall Accounting categorizes receipts using OCR and machine learning. |
| Supported TrulySmall Accounting supports online payments via Stripe integration. |
We evaluate the sentiment that users express about non-functional aspects of the software
Value and Pricing Transparency
Ease of Use
TrulySmall Accounting reviews
We've summarised 65 TrulySmall Accounting reviews (TrulySmall Accounting G2 reviews) and summarised the main points below.
- Easy to use and understand, especially for non-accountants.
- Economical and affordable pricing.
- Automated transaction import through bank feeds.
- Multi-currency support.
- Helpful and responsive customer support.
- Simple and quick report generation.
- Clean and user-friendly interface.
- Difficult bank account connection setup.
- Limited bank account connection feature availability for different countries.
- Annoying login process; lacks FaceID for mobile app.
- Invoicing tools can be initially difficult to manage.
- Occasional bank feed disconnections require re-linking.
- Limited invoice template customization.
- Somewhat expensive for the features offered.
TrulySmall Accounting pricing
The commentary is based on 9 reviews from TrulySmall Accounting G2 reviews.
TrulySmall Accounting is praised for its affordability and reasonable pricing, especially for small businesses and freelancers. While one user felt it was a bit expensive, others found it economical and a great value compared to alternatives like QuickBooks. The pricing plans fit the needs of users seeking basic accounting or invoicing features.
Users sentiment
See the TrulySmall Accounting pricing page.
-
TrulySmall Accounting has a free trial.
Invoicing
This plan includes sending invoices and estimates, accepting digital payments, automatic reminders, invoice status updates, a free mobile app, and synchronization with TrulySmall Accounting.
Expense Tracking
This plan offers automated expense recording, receipt import via OCR, budget and spending tracking, a free mobile app, separate personal and business funds, the ability to convert expenses to invoices, and synchronization with TrulySmall Accounting.
Accounting
This plan provides automated accounting processes, invoice sending, income and expense tracking, sales tax tracking, essential reporting, a true double-entry ledger, a free companion app, and IRS/CRA Standard CoA.
TrulySmall Bundle
This bundle provides access to both the Invoicing and Expense Tracking apps at a discounted rate.
TrulySmall Accounting alternatives
QuickBooks OnlineBetter for established businesses needing broader industry support. More widely reviewed, providing more user feedback. Offers inventory management and API access. However, users report reliability issues with bank connections and customer support.Read more
KashooBetter for a wider range of industries. Kashoo is a TrulySmall Accounting competitor designed specifically for US-based businesses. It offers real-time reporting and expense reporting features.Read more
XeroBetter for a wider range of industries. More integrations with third-party business apps. Offers a real-time view of business finances.Read more
QuickBooks Desktop EnterpriseBetter for larger businesses. More advanced inventory management. Offers payroll integration. Desktop-based with cloud access. QuickBooks Desktop Enterprise is a QuickBooks Online alternative.Read more
AcumaticaBetter fit for larger businesses needing ERP functionality. Has broader industry applicability. Growing faster than TrulySmall Accounting. "Pay-as-you-go" pricing model may be preferable. More complex and less suitable for users without accounting experience.Read more
RilletBetter fit for mid-sized SaaS businesses. Has stronger customer support and is growing faster. More focused on software companies.Read more
TrulySmall Accounting FAQ
What is TrulySmall Accounting and what does TrulySmall Accounting do?
TrulySmall Accounting is an easy-to-use accounting software for small businesses. It automates bookkeeping tasks such as transaction categorization and bank reconciliation. It also offers invoicing, online payments, multi-currency support, and simplified financial reporting.
How does TrulySmall Accounting integrate with other tools?
TrulySmall Accounting integrates with Stripe for online payments and offers bank feeds for automated transaction imports. It also supports receipt capture and categorization via a mobile app. More details on other integrations are not available.
What the main competitors of TrulySmall Accounting?
TrulySmall Accounting's main competitors include QuickBooks Online, Xero, and Kashoo. These alternatives offer similar features like invoicing, expense tracking, and financial reporting, catering to small and medium-sized businesses.
Is TrulySmall Accounting legit?
TrulySmall Accounting appears to be a legitimate accounting software. User reviews praise its ease of use and automated features, especially for those without accounting experience. However, some users mention difficulties with bank connections and limited invoice customization. For more information, research "is TrulySmall Accounting safe" online.
How much does TrulySmall Accounting cost?
TrulySmall Accounting costs $20 per month. For a discounted option, the TrulySmall Bundle, which includes invoicing and expense tracking, is available for $13.99 per month. Invoicing and Expense Tracking are also available individually for $8.99 per month. A free trial is available.
Is TrulySmall Accounting customer service good?
TrulySmall Accounting's customer service receives mixed reviews. Some users describe the support as helpful and responsive, while others report negative experiences with condescending and dismissive communication. Overall, responsiveness seems inconsistent.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.