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TrulySmall Accounting Reviews & Product Details

TrulySmall (TS) Accounting is a time-saving accounting application that automates bookkeeping tasks for small business owners. Using machine learning, TS Accounting categorizes and reconciles expenses with bank and credit card transactions, and provides accurate, complete, and real-time reports in one-click. In addition to automatic reconciling, TS Accounting also provides OCR and receipt-matching. Simply drop an image of a receipt in the Inbox and TS Accounting will automatically match it to a transaction. The platform also includes smart Invoicing that will match deposits and payments to customer records. TS Accounting supports multi-currency, allowing users to select currency for every transaction, including invoices and expenses. TS Accounting allows for multiple users and user roles, making it a collaborative platform for the small business owner and the accounting professional. Items that need review and are not reconciled are viewed in an Inbox, where you can categorize and provide more information as needed. TS Accounting provides everything a small business owner needs to run their business. Get set up with TS Accounting and get a year’s worth of data in reports in 10 minutes or less.

Seller

Kashoo

Languages Supported

English, French, Japanese, Spanish

Product Description

TrulySmall Accounting is an automated accounting solution tailored for small businesses, designed to simplify financial management by eliminating manual data entry and streamlining bookkeeping tasks. By securely connecting your bank account, the software automatically categorizes, posts, and reconciles transactions, providing real-time financial insights and essential reports to support informed business decisions. Key Features and Functionality: - Automatic Posting: Connect your bank account to automatically categorize and post transactions, reducing manual entry and errors. - Invoicing: Create and send professional invoices, track their status, and receive insights on payment times. Automatic reminders are sent to clients for due invoices, and incoming payments are matched to invoices for seamless reconciliation. - Reporting: Generate critical business reports, such as Profit and Loss statements and Balance Sheets, within minutes to better understand your financial position and prepare for tax season. - Digital Payments: Add a 'Make a Payment' button to invoices, allowing clients to pay digitally, which can expedite payment processing. - Multi-Currency Support: Handle transactions, invoices, and expenses in multiple currencies, facilitating international business operations. - Receipt Scanning and Matching: Utilize OCR technology to scan and read receipt details automatically, matching them to existing records or creating new ones, and store receipts digitally for easy access. Primary Value and User Benefits: TrulySmall Accounting addresses the common challenges small business owners face in managing their finances by automating routine bookkeeping tasks. This automation saves time, reduces errors, and provides real-time financial insights, enabling business owners to focus more on their core operations. The software's user-friendly interface and features like automatic transaction posting, invoicing, and comprehensive reporting make it an ideal solution for small businesses seeking an efficient and reliable accounting tool.

Overview by

Angel Zheng

Discussions

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Pricing

Pricing provided by TrulySmall Accounting.

Free Trial

Per Month

Monthly

$20.00

Per Month

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TrulySmall Accounting Media

TrulySmall Accounting Demo - Reports in 5 minutes—it’s that easy

No more excel spreadsheets or wasted time. When you connect your bank to TrulySmall Accounting, you’ll get all of your critical business reports generated in 5 minutes or less. We'll help you understand your business better, apply for loans, and get you ready for tax season!

TrulySmall Accounting Demo - Automate your entire accounting process

Start automating your accounting process to get back all of the time you’ve previously wasted on bookkeeping! Just connect to your bank and we’ll automatically categorize and post all your transactions.

TrulySmall Accounting Demo - Your business is unique and so are your books

We know that every small business is unique. You can personalize TrulySmall Accounting to work for your business needs by editing your categorization rules! ‘Apply Once’ or “Change Rule’ and we’ll remember it forever.

TrulySmall Accounting Demo - Optimized to reduce stress during tax season

TrulySmall Accounting categorizes all of your transactions into IRS and CRA-approved categories. This means you’ll always be prepared for tax filing.

TrulySmall Accounting Demo - Convenience for your clients, quicker payments for you

Add a ‘Make a Payment’ button to your invoices and allow your clients to pay your invoices digitally! 70% of global customers prefer electronic payment and will pay an invoice faster if the option is available.

TrulySmall Accounting Demo - Stop worrying and start getting paid

Send invoices, check statuses, and get insights on payment times. We’ll even send out automatic reminders to your clients when an invoice comes due. We’ll also automatically reconcile your account and match any invoices to incoming payments so you never have to wonder if an invoice has been p...

TrulySmall Accounting Reviews (65)

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Egbevurie J.

Small-Business (50 or fewer emp.)

12/19/2023

"It’s been easy, straight forward and very helpful"

5/5

What do you like best about TrulySmall Accounting?

Well for starts, it is very easy to understand and navigate through, I had no stress with figuring out how it works. It's very diverse as well providing currencies of all kinds and having diverse features, the fact I can connect to my business bank account for automatic transactions and bookkeeping was mind blowing, and to top it all off it's very affordable, so I'd definitely recommend it's been a life saver to my farming business accounts. Review collected by and hosted on G2.com.

What do you dislike about TrulySmall Accounting?

The bank account connect feature should be easier to set up and an available feature for more countries. Review collected by and hosted on G2.com.

Yalonda D.

Small-Business (50 or fewer emp.)

10/17/2023

"Great Software for Small Businesses with Little Accounting Experience"

4.5/5

What do you like best about TrulySmall Accounting?

I really like the fact that TrulySmall Accounting is very intuitive and easy to use. I also like the fact that the dashboard allows me to see an overall financial picture of my business without a lot of manual input on my part. TrulySmall Accounting offers the bank feeds that I need (especially Square) and the information downloaded integrates accurately into the software. Review collected by and hosted on G2.com.

What do you dislike about TrulySmall Accounting?

I really don't have any dislikes. It would be nice if it were a little less expensive but the yearly pricing seems to be in keeping with other similar software that offers what I am looking for. Also, I have tried cheaper services and there is always a major component missing. Review collected by and hosted on G2.com.

What problems is TrulySmall Accounting solving and how is that benefiting you?

TrulySmall Accounting allows me to keep up with my business accounting without entering a lot of information manually. With other software, I have found that there are always bank transactions or something else that I need to enter manually. When I fall behind with entering this information, as I typically do, my accounting becomes inaccurate and it prompts me to not utilize the software. TrulySmall Accounting allows me to import all of my key accounts and keeps them accurately updated. When I go to my account, even if I have not been as attentive as I should be, my balances and transactions are still accurate and give me a full, current financial picture. Review collected by and hosted on G2.com.

Joanna R.

Freelance Digital Content Producer

Small-Business (50 or fewer emp.)

10/19/2023

"Great for Freelancers!"

5/5

What do you like best about TrulySmall Accounting?

TrulySmall Accounting was very easy to figure out and utilize when starting out in my freelancer journey. It was recommended to me by a friend and I am very happy with the platform overall. The monthly payment is at a reasonable pricepoint as well. I use the platform monthly when I need to invoice a client. Review collected by and hosted on G2.com.

What do you dislike about TrulySmall Accounting?

I think some of the invoicing tools can be a little difficult to manage at first but once you get the hang of it, it's fairly simple. Review collected by and hosted on G2.com.

Verified User in Computer Games

Small-Business (50 or fewer emp.)

8/31/2023

"A time saver for keeping track of invoices"

4/5

What do you like best about TrulySmall Accounting?

It's pretty much flawless at keeping track of invoices. Adding new clients is simple, and the actual act of creating invoices for those clients and sending them off is quick and easy. Whenever a client pays me, I can register that within 2 clicks. I don't have to do any special tracking of taxes paid, it handles that for me. I can create my own categories of invoices if necessary. I'm not a power user by any means, but everything I need it to do is done professionally. Review collected by and hosted on G2.com.

What do you dislike about TrulySmall Accounting?

It still feels a little bit expensive for what it is, but this might simply be my lack of experience with comparable pieces of accounting software. I'd also appreciate a little bit more customization in the presentation of the invoices that are sent to my clients. Review collected by and hosted on G2.com.

Verified User in Marketing and Advertising

Small-Business (50 or fewer emp.)

10/17/2023

"Great Application For Small Business"

5/5

What do you like best about TrulySmall Accounting?

This application is amazing for those who own and operate a small business, and want to keep track of all of the receipts easily. This application also works great to take a count of everything that was received and spent and easily pass it on to your accountant/bookkeeper during tax season! Review collected by and hosted on G2.com.

What do you dislike about TrulySmall Accounting?

There is a little bit of a learning curve when it comes to using the application but once you get the hang of it, it's very easy to use! Sometimes it can also be a little tricky to remember that you need to add your receipts. Review collected by and hosted on G2.com.

Verified User in Mental Health Care

Small-Business (50 or fewer emp.)

12/19/2023

"Perfect features for small business bookkeeping"

5/5

What do you like best about TrulySmall Accounting?

Has a great bank feed feature that allows for capturing all of your transactions, plus the ability to post adjusting journal entries. Easy setup - I was launched and importing my feed in a few minutes. The reports are enough for my purposes as well. Review collected by and hosted on G2.com.

What do you dislike about TrulySmall Accounting?

The login process is annoying - would be nice to have FaceID as an option for the mobile app. Review collected by and hosted on G2.com.

Kevin W.

Small-Business (50 or fewer emp.)

1/4/2024

"TrulySmall is Truly Great for a Small Company"

5/5

What do you like best about TrulySmall Accounting?

TrulySmall Accounting is very easy to use and very economical. Review collected by and hosted on G2.com.

What do you dislike about TrulySmall Accounting?

There was some difficulty connecting to our company bank account. Review collected by and hosted on G2.com.

Verified User in Retail

Small-Business (50 or fewer emp.)

8/29/2023

"Best accounting software for small businesses"

5/5

What do you like best about TrulySmall Accounting?

In my search for beginner-friendly accounting software, I came across Truly Small Accounting. Organizing everything was a breeze, thanks to its user-friendly interface. Review collected by and hosted on G2.com.

What do you dislike about TrulySmall Accounting?

One thing I didn't like was the pricing. But I was I took advantage of the promotion which allowed me to try out the software at a lower price. No other improvements needed. Review collected by and hosted on G2.com.

Paul W.

Small-Business (50 or fewer emp.)

3/6/2023

"Excellent for running a small business"

5/5

What do you like best about TrulySmall Accounting?

I like that it integrates directly with my bank account, it makes reconciling my accounts a breeze. Also I can scan in my receipts to make my expenses a breeze. Review collected by and hosted on G2.com.

What do you dislike about TrulySmall Accounting?

I recognize that there are some limitations and I work with the TS team to solve them, even if there's not always a built-in way to do something their team has been able to help me make it work. Review collected by and hosted on G2.com.

Verified User in Higher Education

Small-Business (50 or fewer emp.)

8/31/2023

"Worst Experience Ever!"

0/5

What do you like best about TrulySmall Accounting?

Absolutley nothing! The software is littered with coding issues. Our accountant spent hours trying to get it set up. Review collected by and hosted on G2.com.

What do you dislike about TrulySmall Accounting?

The customer service was the worst. Monika was condescending and dismissive. They were not responsive to enquiries. Communication was brutal. Review collected by and hosted on G2.com.