It’s critical to comprehend the key distinctions between Invoice Cloud and Truly Small’s approaches, features and target markets when deciding which one to use for your invoicing requirements. Although both platforms provide free plans for invoicing, they serve very different operational scales and business needs.
Truly Small and Invoice Cloud have different target markets but they both provide comparable invoicing features. Whereas Invoice Cloud concentrates on payment processing and basic invoicing for service-based businesses, Truly Small is more all-inclusive for small businesses that need comprehensive financial management including estimate and quotation capabilities.
Invoice Cloud charges $3 per payment. In addition, there is a flat rate of 3%. This makes it cost-effective for sporadic invoicing requirements. Truly Small is appropriate for companies with a steady volume of invoices because it provides subscription-based pricing with three tiers, predictable monthly costs and advantageous payment processing rates.
While both Truly Small and Invoice Cloud place a high value on usability, their strategies are different. Invoice Cloud serves mid-market and enterprise clients with a moderately complex interface and round-the-clock support. In contrast, Invoice Cloud uses a mobile-responsive web interface while Truly Small stresses simplicity with email support and basic onboarding instructions along with a dedicated mobile app for essential invoicing features.
Invoice Cloud is perfect for companies with complicated integration requirements because it provides a strong technical infrastructure with features like CRM integration, API access and full accounting software compatibility. In contrast, Truly Small offers basic CSV/Excel export functionality, PayPal, Stripe, DocHub and other necessary integrations.
The platforms cater to different market segments based on scalability requirements. Truly Small targets freelancers and very small businesses, offering multi-currency support and customized customization options for smaller operations while Invoice Cloud serves large enterprises, mid-size and small businesses with features designed for scalable operations.
Truly Small provides extensive financial management tools designed for small business growth and efficiency while Invoice Cloud is a payment-focused solution for well-established companies.
| Invoice Cloud | Truly Small | |
|---|---|---|
| Core Features | ||
| Custom Templates | Available – Branded experience with business branding | Yes |
| Send Estimates/Quotations | No | Yes |
| Recurring Billing Automation | Yes | Yes |
| Expense Tracking | No | Yes |
| Time Tracking | No | No |
| Mileage Tracking | No | No |
| Automated Payment Reminders | Yes | Yes |
| Project-Based Billing | No | Yes |
| Tax Handling | Limited | Yes |
| User Permissions/Role Management | Yes | Yes |
| File Uploads | Yes | Yes |
| Pricing and Plans | ||
| Free Plan Availability | Yes | Yes |
| Pricing Range | $3 per payment with a 3% flat rate | Invoice: $8.99/month, Expense: $8.99/month, Accounting: $20/month |
| Trial Period | Free trial available – duration not specified | 14 days |
| User Limits | Not specified | Not specified |
| Client Limits | Unlimited clients | Not specified |
| Storage Limits | Not specified | Not specified |
| Payment Processing Fees | 3% flat rate | Credit/Debit Card: 2.9% + $0.30, ACH: 1% |
| Ease of Use | ||
| User Interface | Moderate | Simple |
| Onboarding Experience | Demo available | Basic guides |
| Mobile App Availability | No dedicated app – Mobile-responsive web interface | Yes |
| Mobile App Functionality | Full functionality via mobile browser | Core invoicing features |
| Integration | ||
| Payment Gateways Supported | Electronic payment processing supported | PayPal, Stripe |
| Accounting Software Compatibility | Yes | CSV/Excel export |
| CRM Integration | Yes | DocHub, Stripe |
| API Availability | Yes | No |
| Reporting & Analytics | ||
| Bank Connections | Yes | Yes |
| Pre-Built Financial Reports | Yes | Yes |
| Custom Report Creation | Limited | No |
| Security & Compliance | ||
| Dashboard Metrics | Yes | Yes |
| Data Encryption | Yes | Yes |
| GDPR Compliance | Yes | Yes |
| Backup Options | Not specified | Automatic |
| Customer Support | ||
| Support Channels | Phone, Chat, Help Desk, Knowledge Base, Tickets | |
| Help Center/Knowledge Base | Yes | Yes |
| 24/7 Support | Yes | No |
| Adaptability | ||
| Multi-Currency Support | No | Yes |
| Localization | No | English primarily |
| Industry-Specific Customization | Yes | Yes |
| Scalability | Large Enterprises, Mid Size Business, Small Business | Freelancers and Very Small Businesses |
| Read Invoice Cloud Review | Read Truly Small Review |
