TrulySmall Accounting is a software designed to simplify accounting for small businesses, freelancers, contractors, and consultants. It manages income and expenses, categorizes transactions, and generates reports quickly. Users can link their business bank accounts for automatic transaction posting, saving time. Reports can be downloaded in PDF format for easy sharing. The software can handle cash transactions by taking a picture of a receipt and using OCR technology to read and create a transaction entry. It autofills details to reduce manual entry and allows attachment of receipt images to transactions. Users can edit transaction information before posting to their general ledger and sort through different types of income and expenses. A free companion app is included, allowing users to review categorized transactions. Existing account holders can sign in using their credentials. The software has multiple features such as viewing, editing, categorizing, and posting transactions, attaching receipt photos, and switching between businesses. It also has a demo mode for trial purposes. Tools for invoice generation, auto-matching of paid invoices, accounts receivable monitoring, bill management, spending monitoring, on-the-go reporting, and live support are provided.