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Xero vs TrulySmall Accounting: Which Accounting Software Is Better?


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Last Updated: May 22, 2025

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

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

Xero vs TrulySmall Accounting Reviews

XeroTrulySmall Accounting
Trustpilot Rating4.33.8
Number of Trustpilot Reviews6,2322
iPhone App Rating4.6No Rating
Number of iPhone App Reviews982No Reviews
Android App Rating4.3No Rating
Number of Android App Reviews12,400No Reviews

Xero vs TrulySmall Accounting Pricing

XeroTrulySmall Accounting
Free TrialYesYes
Free Trial Length30 days14 days
Cheapest Plan NameEarlyTrulySmall Accounting
Cheapest Plan Cost Per Month$42NA
Mid Priced Plan NameGrowingNA
Mid Priced Plan Cost Per Month$42NA
Top Plan NameEstablishedNo
Top Plan Cost Per Month$78NA

Xero vs TrulySmall Accounting Features

FeaturesXeroTrulySmall Accounting
Target Business SizeEnterpriseSmall
Tax HelpYesYes
Income & ExpensesYesYes
BookkeepingYesYes
Send InvoicesYesYes
Collect Payments Via Bank TransferYesYes
Collect Payments Via Credit CardYesYes
Recurring PaymentsYesYes
Enter BillsYesYes
Reconcile Bank TransactionsYesYes
Bank Account IncludedNoNo
Cash Flow ReportYesYes
W-9 + 1099 ManagementYesNo
Help With Sales TaxYesYes
Use Multiple CurrenciesYesYes
Expense TrackingYesYes
Payroll Software IntegrationYesNo
Tax DeductionsYesYes
Receipt CaptureYesYes
Mileage TrackingYesNo
Time ManagementYesNo
Inventory ManagementYesYes
User Access ControlsYesYes
Financial PlanningYesYes
Import/Export To & From ExcelYesYes
Free SupportYesYes
APIYesYes

List of Other Software Integrations

XeroTrulySmall Accounting
  • Stripe
  • Vend
  • Dext
  • GoCardless
  • Shopify
  • DocHub
  • Stripe

Xero Early Features

  • Send invoices and quotes
  • Enter bills
  • Reconcile bank transactions
  • Capture bills and receipts with Hubdoc
  • Short-term cash flow and business snapshot
  • W-9 + 1099 Management
  • Sales Tax

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

Xero Established Features

NA

TrulySmall Accounting No Features

NA

Xero vs TrulySmall Accounting Pro & Cons

XeroTrulySmall Accounting
Pros
  • Competitively pricing plans
  • All plans support unlimited users
  • Most user-friendly accounting software
  • Ideal for small businesses and freelancers
  • Automatic categorization with custom rules
  • Simple and easy to use
Cons
  • Multiple currencies only available for top plan
  • Lack of customer support call
  • Payroll is limited to 36 U.S. states
  • No advanced accounting features
  • Doesn’t offer third-party integrations
  • Can’t save invoices as PDFs

Other Accounting Software Comparisons

  • Xero vs Striven
  • NetSuite vs Akounto
  • TrulySmall Accounting vs Vic.ai
  • TopNotepad vs TaxSlayer Pro
  • Xero vs myBooks
  • TopNotepad vs Acclux
  • Xero vs TopNotepad
  • Xero vs Zoho Books
  • Akounto vs Neat
  • Odoo Accounting vs TrulySmall Accounting

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