What is TrulySmall Accounting?
TrulySmall (TS) Accounting is an automated accounting application that simplifies financial management for small business owners. Leveraging machine learning, TS Accounting categorizes and reconciles expenses with bank and credit card transactions, generating accurate, comprehensive, and real-time financial reports with a single click. Beyond automatic reconciliation, TS Accounting offers optical character recognition (OCR) and receipt-matching functionality users can easily upload receipt images to the Inbox, and the platform will automatically match them to the relevant transactions. The platform also includes a smart Invoicing feature that matches deposits and payments to customer records, and supports multi-currency transactions, allowing users to select the appropriate currency for every entry, including invoices and expenses. TS Accounting is designed as a collaborative tool, enabling multiple users and user roles, empowering both small business owners and accounting professionals to work together seamlessly. Any items requiring review or additional information are organized in the Inbox, providing a centralized hub for finalizing unreconciled transactions. With TS Accounting, small business owners can access a year's worth of financial data and reports in just 10 minutes or less, streamlining their accounting and bookkeeping processes
Highlights
- Automated expense categorization and reconciliation using machine learning
- OCR and receipt-matching capability to simplify data entry
- Smart Invoicing that matches deposits and payments to customer records
- Multi-currency support for global business transactions
- Collaborative platform with multiple user roles and access levels
- Centralized Inbox for reviewing and finalizing unreconciled transactions
- Ability to generate comprehensive financial reports in 10 minutes or less