Businesses must choose between two different invoicing platforms that serve different market segments when comparing Invoice2go and Truly Small. Although both services provide the necessary invoicing functionality, there are notable differences between their feature sets, target markets and pricing structures.
For entrepreneurs on a tight budget, Truly Small provides a free plan, but Invoice2go uses a premium model without a free tier. While Invoice2go’s tiered pricing structure offers comprehensive features at every level, Truly Small’s specialized modules enable users to pay for the features they require.
Core invoicing features like estimates, tax handling and custom templates are provided by both Truly Small and Invoice2go. Invoice2go is better suited for service-based businesses because it provides time tracking, unlimited team members and recurring billing automation whereas Truly Small only offers these features in its Premium plans.
Compared to Truly Small, which mostly uses CSV/Excel exports, Invoice2go provides a greater selection of payment gateways, accounting software compatibility and API availability.
Both Truly Small and Invoice2go provide iOS and Android mobile applications. Invoice2go provides extensive time tracking, payment management and invoicing capabilities.
While Truly Small offers pre-built financial reports without custom functionality and with limited customer support, Invoice2go offers bank connections, advanced reporting and the ability to create custom reports.
The choice between Truly Small and Invoice2go is based on the budget, complexity and size of the company. Truly Small provides simplicity and affordability while Invoice2go offers sophisticated features for expanding companies.
| Invoice2go | Truly Small | |
|---|---|---|
| Core Features | ||
| Custom Templates | Multiple customizable templates with logo design | Yes |
| Send Estimates/Quotations | Yes | Yes |
| Recurring Billing Automation | Yes (Premium plan only) | Yes |
| Expense Tracking | Yes | Yes |
| Time Tracking | Yes | No |
| Mileage Tracking | No | No |
| Automated Payment Reminders | Yes | Yes |
| Project-Based Billing | Yes | Yes |
| Tax Handling | Yes | Yes |
| User Permissions/Role Management | Yes (unlimited team members) | Yes |
| File Uploads | Yes | Yes |
| Pricing and Plans | ||
| Free Plan Availability | No (30-day free trial only) | Yes |
| Pricing Range | Starter: $5.99/month Professional: $9.99/month Premium: $39.99/month |
Invoice: $8.99/month Expense: $8.99/month Accounting: $20/month |
| Trial Period | 30 days free trial | 14 days |
| User Limits | Unlimited team members on all plans | Not specified |
| Client Limits | Unlimited on all plans | Not specified |
| Storage Limits | Not specified | Not specified |
| Payment Processing Fees | Starter: 3.5% Professional: 3.0% Premium: 2.9% + $0.30 |
Credit/Debit Card: 2.9% + $0.30 ACH: 1% per transaction |
| Ease of Use | ||
| User Interface | Simple | Simple |
| Onboarding Experience | Yes | Basic guides |
| Mobile App Availability | Both iOS and Android | Yes |
| Mobile App Functionality | Full invoicing, time tracking, payment management | Core invoicing features |
| Integration | ||
| Payment Gateways Supported | Stripe, PayPal, Square, credit/debit cards | PayPal, Stripe |
| Accounting Software Compatibility | QuickBooks, Xero integration (Professional & Premium) | CSV/Excel export |
| CRM Integration | HubSpot CRM, HaystackCRM | DocHub, Stripe |
| API Availability | Yes | No |
| Reporting & Analytics | ||
| Bank Connections | Yes (Invoice2go Money Banking) | Yes |
| Pre-Built Financial Reports | Yes (Advanced reports on Professional & Premium) | Yes |
| Custom Report Creation | Yes | No |
| Security & Compliance | ||
| Dashboard Metrics | Yes | Yes |
| Data Encryption | Yes | Yes |
| GDPR Compliance | Yes | Yes |
| Backup Options | Automatic | Automatic |
| Customer Support | ||
| Support Channels | Email, Phone (Premium plan) | |
| Help Center/Knowledge Base | Yes | Yes |
| 24/7 Support | 24-hour support Mon-Sat (Premium plan) | No |
| Adaptability | ||
| Multi-Currency Support | Yes | Yes |
| Localization | Yes | English primarily |
| Industry-Specific Customization | Yes | Yes |
| Scalability | Freelancers to Medium Businesses | Freelancers and Very Small Businesses |
| Read Invoice2go Review | Read Truly Small Review |
