If simple bookkeeping for your small business is all you really need, TrulySmall Accounting is worth exploring.
TrulySmall Accounting is a small accounting platform with a modest feature set that may fit the requirements of very small businesses operating on a cash-basis.
TrulySmall offers double-entry accounting with streamlined set-up, ease of use, and good functionality. Therefore, it may be suitable for many very small businesses.
Some of the things I liked best about TrulySmall was how easy it was to set-up and use, even for first-time small businesses owners. It also has a minimal learning curve which means that even people without a financial background can pretty much use it like an automated checkbooks.
TrulySmall has a lot of basic features that work well. For example, you can just connect to your bank and start automating your bookkeeping by letting TrulySmall automatically post and categorize all your bank transactions.
Unlike many small accounting platforms that offer bank data import, TrulySmall lets you edit and map transaction categorization rules like those bigger, more costly systems. You can fine-tune your rules until you've got them just the way you want them.
And TrulySmall makes it just as easy to reconcile your bank and credit card accounts.
Another great feature is invoicing. Not only can you easily send your customers an invoice, but TrulySmall will automatically send reminders to customers when they get close to, or past their due date. You will easily identify those customers who owe you money.
And features like these prevents errors from having to work in one system like a spreadsheet, and then post it into your accounting.
You can save time, and avoid lost expenses with receipt scanning and management at the snap of a photo. You will save all your receipts digitally and match them with your credit card transactions as easy as 1, 2, 3.
Even though TrulySmall was made to fit the needs of very small businesses, it performs like a lot of bigger platforms. For example, you can categorize all of your transactions to fit both your financial presentation the way you want it, but also conform them to the approved IRS (tax form) categories. That way you will be ready for a tax-review or return-preparation at a moment's notice.
Speaking of tax ready, you can even track sales taxes with TrulySmall.
And your accountant will love TrulySmall because, unlike some other 'small systems', TrulySmall is a true double-entry accounting platform.
TrulySmall small offers you basic accounting reports covering the major topics of revenue, receivables, expense, taxes and bank and credit-card balances. You also have access to a 'free' companion app for your iPhone or Android device.
Best of all, TrulySmall has a truly small price of just $20/month based on their rates at the time of initial publication of this story.
So, if you are looking for a truly small accounting alternative for your truly small businesses who are perhaps looking to get away from that old software they use to buy every 3 to 5 years, and they don't need every feature under the sun, then perhaps it's time you and they look at TrulySmall Accounting.
By the way, TrulySmall offers a 14-day free trial to make it easy to evaluate.
Disclosures:
TrulySmall Accounting is a product of Kashoo - Datatax, a software developer that also produces Kashoo Accounting. Kashoo is headquartered in Vancouver, British Columbia, Canada.
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