The size and growth trajectory of your company will determine which of Bill.com and Truly Small is best for you. Both platforms handle invoicing but they serve varying operational scales and complexity.
Essential invoicing features like personalized templates, recurring billing and expense tracking are provided by both Bill.com and Truly Small. But while Truly Small is excellent at project-based billing, Bill.com offers special features like time tracking and the ability to create custom reports. Unlike Truly Small which only connects to PayPal, Stripe and has limited accounting compatibility, Bill.com also offers a wide range of integration options with major accounting platforms and CRMs.
Both Bill.com and Truly Small offer essential invoicing functions like custom templates, recurring billing and expense tracking. However, Bill.com includes unique features such as time tracking and custom report creation while Truly Small excels in project-based billing. Bill.com also boasts extensive integration options with major accounting platforms and CRMs unlike Truly Small which only connects to PayPal, Stripe and offers limited accounting compatibility.
Bill.com offers a pricing structure suitable for growing businesses with plans like Essentials ($45/month), Team ($55/month), Corporate ($79/month) and custom pricing for Enterprises. Although it has no user or client limits and unlimited storage, credit/debit card transactions incur a 2.9% fee. Conversely, Truly Small targets microbusinesses with limited funding by using a modular approach. For ACH transactions, the processing fee is 1%; for credit/debit card transactions, it is 2.9% + $0.30. Both services offer free plans and trial periods, and Truly Small offers a 14-day trial period.
Truly Small has a small number of mobile apps that are only focused on the essential features of invoicing whereas Bill.com offers extensive iOS and Android mobile apps with full functionality and API availability for custom integrations. Similar security features, such as data encryption and GDPR compliance are maintained by both platforms. Truly Small only offers email support whereas Bill.com offers chat, email and phone support. Neither platform provides round-the-clock assistance.
For a broad spectrum of users including freelancers and businesses, Bill.com offers comprehensive multi-currency functionality and localization. Truly Small targets independent contractors and small enterprises with modest expansion goals and provides multi-currency support primarily in English.
While Truly Small provides affordable invoicing solutions perfect for microbusinesses, Bill.com is a comprehensive financial management platform designed for growth and complexity. Your current scale and growth goals will determine which option is best for you.
| Bill.com | TrulySmall | |
|---|---|---|
| Core Features | ||
| Custom Templates | Yes | Yes |
| Send Estimates/Quotations | Yes | Yes |
| Recurring Billing Automation | Yes | Yes |
| Expense Tracking | Yes | Yes |
| Time Tracking | Yes | No |
| Mileage Tracking | Limited information available | No |
| Automated Payment Reminders | Yes | Yes |
| Project-Based Billing | Limited information available | Yes |
| Tax Handling | Yes | Yes |
| User Permissions/Role Management | Yes | Yes |
| File Uploads | Yes | Yes |
| Pricing and Plans | ||
| Free Plan Availability | Yes | Yes |
| Pricing Range | Essentials: $45/month Team: $55/month Corporate: $79/month Enterprise: Custom Pricing |
trulysmall.Invoice: $8.99/month trulysmall.Expense: $8.99/month trulysmall.Accounting: $20/month |
| Trial Period | Yes | 14 days |
| User Limits | No specific user limits mentioned across plans | Not specified |
| Client Limits | No specific client limits mentioned | Not specified |
| Storage Limits | Unlimited | Not specified |
| Payment Processing Fees | Credit or debit card transactions carry a 2.9% transaction fee | Credit/Debit Card: 2.9% + $0.30 per transaction, ACH: 1% per transaction |
| Ease of Use | ||
| User Interface | Simple | Simple |
| Onboarding Experience | Yes | Basic guides |
| Mobile App Availability | Available for iOS and Android | Yes |
| Mobile App Functionality | Yes | Core invoicing features |
| Integration | ||
| Payment Gateways Supported | Credit Cards, Debit Cards, PayPal, Wire Transfer, Paper Checks, Virtual Cards | PayPal, Stripe |
| Accounting Software Compatibility | QuickBooks Online, QuickBooks Pro/Premier, QuickBooks Enterprise, Xero, Oracle NetSuite, Sage Intacct, Microsoft Dynamics, Blackbaud, Acumatica, Sage 50, Sage 100, FreshBooks, Abila | CSV/Excel export |
| CRM Integration | Salesforce, Zoho, Nimble, Microsoft Dynamics, HubSpot, Pipedrive, Zendesk, SugarCRM, ConnectWise, ServiceNow | DocHub, Stripe |
| API Availability | Yes | No |
| Reporting & Analytics | ||
| Bank Connections | Yes | Yes |
| Pre-Built Financial Reports | Yes | 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 | Chat, Email, Phone | |
| Help Center/Knowledge Base | Yes | Yes |
| 24/7 Support | No | No |
| Adaptability | ||
| Multi-Currency Support | Yes | Yes |
| Localization | Yes | English primarily |
| Industry-Specific Customization | Yes | Yes |
| Scalability | Freelancers / SMBs / Enterprises | Freelancers and Very Small Businesses |
| Read Bill Review | Read TrulySmall Review |
