TrulySmall

TrulySmall is a company providing accounting and invoicing software designed specifically for small businesses. Its web-based platform helps owners manage everyday finances without downloading an application or needing prior accounting experience. Users can connect bank accounts to automatically categorize and post transactions, customize bookkeeping rules, and reconcile accounts. Receipt scanning uses OCR to capture details from photos, while digital records help keep documentation organized for tax time.

The service also supports creating and sending invoices and estimates, tracking payment status, and issuing automatic reminders. Clients can pay digitally through invoice payment links, and the software matches incoming payments with invoices. Businesses working across borders can send invoices and view reports and balances in more than 135 currencies. Reporting tools generate financial statements and business insights, with transactions categorized into IRS- and CRA-approved categories.

TrulySmall also offers free downloadable business templates, including invoice templates for PDF, Word, and Excel, alongside articles, videos, tax guidance, help resources, and a small-business community. Security measures listed include two-factor authentication and 256-bit encryption.