Given that both platforms serve a range of business sizes and needs, it is essential to comprehend the distinctions between Truly Small and Xero in order to make an informed choice regarding business invoicing needs.
Both Xero and Truly Small have invoicing capabilities but Xero is better for service-based companies that require thorough project management because it tracks time and mileage.
While Xero has no free tier and offers plans ranging from $8.99/month for individual modules to $20/month for full accounting functionality with a 30-day free trial, Truly Small offers a free plan for startups and microbusinesses.
The accounting platforms Xero and Truly Small offer different integration choices. While Truly Small only accepts PayPal and Stripe payments and has few integration options, Xero offers a user-friendly interface, improved onboarding experiences and extensive mobile app functionality.
While Truly Small offers pre-built financial reports, supports bank connections and provides crucial dashboard metrics for basic financial monitoring, Xero offers advanced reporting capabilities with the ability to create custom reports.
Truly Small concentrates on email support whereas Xero offers growing businesses round-the-clock online assistance. Both platforms uphold strict security guidelines.
While Xero serves expanding businesses and SMBs, Truly Small is designed for independent contractors and small enterprises, providing simple invoicing features without complicated features.
Although Truly Small provides affordable modules for new businesses, companies that intend to expand should choose Xero‘s powerful platform even though it costs more.
| TrulySmall | Xero | |
|---|---|---|
| Core Features | ||
| Custom Templates | Yes | Customizable invoice templates with branding alignment |
| Send Estimates/Quotations | Yes | Yes |
| Recurring Billing Automation | Yes | Yes |
| Expense Tracking | Yes | Yes |
| Time Tracking | No | Yes |
| Mileage Tracking | No | Yes |
| Automated Payment Reminders | Yes | Yes |
| Project-Based Billing | Yes | Yes |
| Tax Handling | Yes | Yes |
| User Permissions/Role Management | Yes | Yes |
| File Uploads | Yes | Yes |
| Pricing and Plans | ||
| Free Plan Availability | Yes | No |
| Pricing Range | Invoice: $8.99/month Expense: $8.99/month Accounting: $20/month |
Early: $2.50/month Growing: $5.50/month Established: $9/month |
| Trial Period | 14 days | 30 days |
| User Limits | Not specified | Varies by plan (Early supports basic users) |
| Client Limits | Not specified | Plan-specific limits |
| Storage Limits | Not specified | No specific limits mentioned |
| Payment Processing Fees | Credit/Debit Card Fee: 2.9% + $0.30 per transaction , ACH: 1% per transaction | Standard payment gateway fees apply |
| Ease of Use | ||
| User Interface | Simple | Simple – Very user-friendly |
| Onboarding Experience | Basic guides | Yes |
| Mobile App Availability | Yes | iOS & Android |
| Mobile App Functionality | Core invoicing features | Full invoicing & accounting features |
| Integration | ||
| Payment Gateways Supported | PayPal, Stripe | Stripe, PayPal, GoCardless |
| Accounting Software Compatibility | CSV/Excel export | Yes – Wide range of integrations |
| CRM Integration | DocHub, Stripe | Multiple CRM integrations |
| API Availability | No | Yes |
| Reporting & Analytics | ||
| Bank Connections | Yes | Yes |
| Pre-Built Financial Reports | Yes | Yes |
| Custom Report Creation | No | Yes |
| Security & Compliance | ||
| Dashboard Metrics | Yes | Yes |
| Data Encryption | Yes | Yes |
| GDPR Compliance | Yes | Yes |
| Backup Options | Automatic | Automatic |
| Customer Support | ||
| Support Channels | 24/7 online support | |
| Help Center/Knowledge Base | Yes | Yes |
| 24/7 Support | No | Yes |
| Adaptability | ||
| Multi-Currency Support | Yes | Yes |
| Localization | English primarily | Yes |
| Industry-Specific Customization | Yes | Yes |
| Scalability | Best for freelancers & very small businesses | Freelancers to SMBs |
| Read TrulySmall Review | Read Xero Review |
