As a small business owner, your time is your most valuable asset. Every hour spent manually entering expenses or reconciling income is an hour taken away from growing your business or serving your clients. Even worse? Manual data entry is the leading cause of bookkeeping errors, which can lead to costly mistakes come tax season.

At TrulySmall, we believe that bookkeeping should be effortless, accurate, and secure. That’s why we’ve built our accounting platform around the power of automated bank feeds.

Here is how connecting your bank accounts to TrulySmall can transform the way you manage your finances, and why you can trust our platform to keep your data safe.

The Power of True Financial Accuracy

Connecting your bank accounts to TrulySmall Accounting removes the risk of input errors entirely. Instead of typing out line items from a paper statement or toggling between windows to copy and paste data, our system pulls your transactions directly from your financial institution.

By using standardized bank codes, TrulySmall automatically categorizes and properly accounts for your various expenses and income streams. You get a real-time, crystal-clear picture of your cash flow without ever touching a spreadsheet.

Ironclad Security Through Plaid

We know that connecting your bank to a new software can feel daunting. Security and privacy are paramount when it comes to your financial data, especially when you are setting up for the first time.

To guarantee bank-level security, TrulySmall partners with Plaid to seamlessly connect your financial accounts to our platform across the US and Canada. Plaid is the global industry standard for secure financial data networks, trusted by thousands of the world’s leading financial apps.

What does this mean for your security?

• Your credentials stay completely hidden: Your banking username and password are required by your bank to verify your identity, but they are never stored or shared with TrulySmall.
• Read-only data access: We only import your transaction history so we can automate your bookkeeping. We cannot move your money, make transfers, or alter your bank account in any way.
• Secure re-authentication: If your bank ever requires a periodic security check, TrulySmall will simply alert you in your dashboard. You can quickly re-authenticate through Plaid’s encrypted portal in seconds.

Effortless Setup in Minutes

We designed TrulySmall to be as intuitive as possible. You do not need an accounting degree or bookkeeping background to get started. Linking your bank takes only a few clicks:

1. Connect directly from your dashboard: If you haven’t linked an account yet, simply click the “Connect Your Bank Now” prompt at the top of your Dashboard.
2. Import your historical data: Before you connect, check your Transaction Start Date by going to Settings > Business Details. TrulySmall will automatically pull your past transactions as far back as your bank allows, ensuring your historical records are accurate without any manual backfilling. You can also use the File Upload method to backfill any timeline that predates the feed.
3. Total control over your accounts: Once connected, you choose exactly which individual accounts to link. If you have a personal checking account at the same bank, simply toggle the connection off. Only the accounts you explicitly authorize will sync with your business.

Put Your Bookkeeping on Autopilot

Once your accounts are linked, the magic happens in TrulySmall Accounting. Your transactions will automatically appear categorized, balanced, and posted on the Transactions page.

Prefer to maintain a hands-on approach? No problem. You can easily disable the Auto-post feature in your settings. Your imported transactions will simply queue up in your Inbox, ready for you to quickly review and approve them before they hit your official ledger.

Ready to Take Back Your Time?

You didn’t start your business to become a bookkeeper. By connecting your bank accounts to TrulySmall Accounting, you are choosing financial accuracy, enterprise-grade security, and peace of mind. Let our automated feeds handle the heavy lifting, so you can get back to doing what you do best. Try TrulySmall today and see how easy it can really be!