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myBooks vs TrulySmall Accounting: Which Accounting Software Is Better?


Disclosure: We may earn commissions if you shop through the links below.

Last Updated: May 22, 2025

Both myBooks and TrulySmall Accounting are leading accounting software solutions, but which one is better for you and your business?

Below we compare myBooks and TrulySmall Accounting across nearly 50 different data points to help you make find the right one.

myBooks vs TrulySmall Accounting Reviews

myBooksTrulySmall Accounting
Trustpilot Rating43.8
Number of Trustpilot Reviews42
iPhone App Rating4.1No Rating
Number of iPhone App Reviews33No Reviews
Android App Rating3.2No Rating
Number of Android App Reviews231No Reviews

myBooks vs TrulySmall Accounting Pricing

myBooksTrulySmall Accounting
Free TrialYesYes
Free Trial Length30 days14 days
Cheapest Plan NameStandardTrulySmall Accounting
Cheapest Plan Cost Per Month$9.99NA
Mid Priced Plan NamePremiumNA
Mid Priced Plan Cost Per Month$9.99NA
Top Plan NameEnterpriseNo
Top Plan Cost Per MonthNot ListedNA

myBooks vs TrulySmall Accounting Features

FeaturesmyBooksTrulySmall Accounting
Target Business SizeMediumSmall
Tax HelpYesYes
Income & ExpensesYesYes
BookkeepingYesYes
Send InvoicesYesYes
Collect Payments Via Bank TransferYesYes
Collect Payments Via Credit CardYesYes
Recurring PaymentsNoYes
Enter BillsYesYes
Reconcile Bank TransactionsYesYes
Bank Account IncludedNoNo
Cash Flow ReportYesYes
W-9 + 1099 ManagementNoNo
Help With Sales TaxNoYes
Use Multiple CurrenciesYesYes
Expense TrackingYesYes
Payroll Software IntegrationNoNo
Tax DeductionsNoYes
Receipt CaptureNoYes
Mileage TrackingNoNo
Time ManagementNoNo
Inventory ManagementYesYes
User Access ControlsYesYes
Financial PlanningYesYes
Import/Export To & From ExcelYesYes
Free SupportYesYes
APIYesYes

List of Other Software Integrations

myBooksTrulySmall Accounting
  • QuickBooks
  • Xero
  • DocHub
  • Stripe

myBooks Standard Features

  • 3 User
  • 1 Division/Branch
  • 100 Tansactions
  • Single Bank Account
  • Payment Integration
  • Purchase Order
  • Android & IOS app

TrulySmall Accounting TrulySmall Accounting Features

  • Automate Accounting Process
  • Send Invoices
  • Track Income & Expenses
  • Track Sales Tax
  • Essential Reporting
  • True Double Entry Ledger
  • Free Companion App
  • IRS/CRA Standard CoA

myBooks Enterprise Features

  • Multi-Division/Branch
  • Unlimited User
  • Unlimited Transactions
  • Profitability Analysis
  • Priority Support
  • Automatic Bank Feed
  • SMS Integration
  • Purchase Order
  • Android & IOS app

TrulySmall Accounting No Features

NA

myBooks vs TrulySmall Accounting Pro & Cons

myBooksTrulySmall Accounting
Pros
  • Free plan
  • Very affordable
  • Simple Layout and user friendly
  • Ideal for small businesses and freelancers
  • Automatic categorization with custom rules
  • Simple and easy to use
Cons
  • No pricing information for Top Plan
  • Limited users with each plan
  • Scalability Limits
  • No advanced accounting features
  • Doesn’t offer third-party integrations
  • Can’t save invoices as PDFs

Other Accounting Software Comparisons

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  • NetSuite vs TaxSlayer Pro
  • Odoo Accounting vs TaxSlayer Pro
  • Xero vs TaxSlayer Pro
  • Neat vs TrulySmall Accounting
  • gnucash vs OneUp
  • FreshBooks vs Vic.ai
  • FreshBooks vs TrulySmall Accounting
  • TaxSlayer Pro vs Vic.ai
  • TopNotepad vs OneUp

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