When choosing the right software, it’s critical to take into account the differences in pricing, security features and international capabilities between Simple Invoices and Truly Small, two companies that provide invoicing solutions for independent contractors and small businesses.
With its clear pricing of $15 per month or $149 per year, Simple Invoices promotes predictable expenses and an infinite number of users, making it perfect for expanding teams. On the other hand, Truly Small offers a modular pricing structure. They are incredibly small and cost $8.99 a month each. Accounting at $20 per month which is more than the cost of Simple Invoices, adds up to $37.98 per month for comprehensive management. Both services offer free evaluation plans and 14-day trial periods.
With customizable reports, multiple CRM integrations and compatibility with popular accounting software, Simple Invoices offers a complete invoicing solution. It works well for companies that use well-known tools. On the other hand, Truly Small appeals to independent business owners who handle their finances by providing bank connections, automated payment reminders and expense tracking. Both platforms allow file uploads, tax processing, project-based billing and recurring billing; however, they do not track time or mileage, so service providers need to use other tools.
Businesses concerned about security should know that Simple Invoices relies on manual backups and lacks essential features like data encryption, GDPR compliance and automatic backups whereas Truly Small offers these features. Because it offers crucial security and peace of mind, Truly Small is especially crucial for companies handling sensitive customer data or those in regulated industries.
Compared with Truly Small’s primarily English interface, Simple Invoices provides better global accessibility with support for seven languages. Although both platforms can process transactions in multiple currencies, Simple Invoices’ broad localization is especially helpful for businesses catering to a variety of markets and freelancers operating internationally.
Both platforms have mobile apps for iOS and Android. Simple Invoices offers more features including invoice creation, estimates, receipts and expense tracking. Support is via community forums for Simple Invoices and direct email for Truly Small, with no 24/7 assistance from either.
Platforms charge slightly different fees for processing payments. While Truly Small offers 2.9% + $0.30 for credit/debit cards and a lower 1% for ACH transfers, Simple Invoices charges 2.9% + $0.30 for Stripe and 3.49% + $0.49 for PayPal. This could save money on larger transactions.
For extensive integration, multiple users and thorough reporting at a set monthly cost, go with Simple Invoices. It’s ideal for independent contractors or small businesses doing business abroad. With integrated expense tracking and only paying for the modules they need, Truly Small is the best option for solopreneurs or very small businesses that prioritize security and compliance. Truly Small offers high-end modular solutions for security-conscious microbusinesses while Simple Invoices offers superior overall functionality at competitive prices.
| Simple Invoices | Truly Small | |
|---|---|---|
| Core Features | ||
| Custom Templates | Yes | Yes |
| Send Estimates/Quotations | Information not available | Yes |
| Recurring Billing Automation | Yes | Yes |
| Expense Tracking | No | Yes |
| Time Tracking | No | No |
| Mileage Tracking | No | No |
| Automated Payment Reminders | No | 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 | Yes |
| Pricing Range | Monthly: $15/month, Annual: $149/year (2 months free) | TrulySmall Invoice: $8.99/month, TrulySmall Expense: $8.99/month, TrulySmall Accounting: $20/month |
| Trial Period | 14 days | 14 days |
| User Limits | Hosted Platform: Unlimited users; Other Subscription: Not specified | Not specified |
| Client Limits | Unlimited | Not specified |
| Storage Limits | Information not available | Not specified |
| Payment Processing Fees | Stripe: 2.9% + $0.30 per transaction; PayPal: 3.49% + $0.49 per transaction | Credit/Debit: 2.9% + $0.30 per transaction; ACH: 1% per transaction |
| Ease of Use | ||
| User Interface | Simple | Simple |
| Onboarding Experience | Forum, User Guides, Installation and Setup Guides | Basic guides |
| Mobile App Availability | iOS and Android | Yes |
| Mobile App Functionality | Invoice creation & management, estimates & receipts, expense tracking | Core invoicing features |
| Integration | ||
| Payment Gateways Supported | Credit cards, PayPal | PayPal, Stripe |
| Accounting Software Compatibility | QuickBooks, Xero, FreshBooks | CSV/Excel export |
| CRM Integration | HoneyBook, Pipedrive, Salesforce | DocHub, Stripe |
| API Availability | Invoice Ninja (Alternative tools with API) | No |
| Reporting & Analytics | ||
| Bank Connections | No | Yes |
| Pre-Built Financial Reports | Yes | Yes |
| Custom Report Creation | Yes | No |
| Security & Compliance | ||
| Dashboard Metrics | Yes | Yes |
| Data Encryption | No | Yes |
| GDPR Compliance | No | Yes |
| Backup Options | Manual backups | Automatic |
| Customer Support | ||
| Support Channels | Community Forums, Documentation | |
| Help Center/Knowledge Base | Yes | Yes |
| 24/7 Support | No | No |
| Adaptability | ||
| Multi-Currency Support | Yes | Yes |
| Localization | English, Spanish, French, German, Italian, Dutch, Portuguese | English primarily |
| Industry-Specific Customization | No | Yes |
| Scalability | Freelancers / Small Businesses | Freelancers and Very Small Businesses |
| Read Simple Invoices Review | Read Truly Small Review |
