TrulySmall is revolutionizing accounting for small business owners with the introduction of Automatic Posting! With today’s smart technology, why should you be expected to manually review and categorize every single transaction?! Traditional accounting tasks are time-consuming (and quite frankly boring) and you shouldn’t be spending your precious hours on them anymore!
That’s why we’re reimagining how accounting software should work for small businesses! We surveyed over 1000 accountants and found that 93% believe that current accounting software is either too difficult, time-consuming, and/or expensive for their small business clients. Crazy!
Clearly, we totally agree—so today we’re introducing Auto Posting!
All you have to do is connect your bank and the average small business will have an income statement and balance sheet generated in less than 5 minutes. No-fuss, no hidden steps.
Using machine learning, tasks like auto-categorization and auto-matching are made possible. This also means that errors are essentially eliminated as is the need to reconcile your bank accounts. An added bonus is that the need to “review & post” is also eliminated in the process, which gives you back valuable time for running your business.
Don’t like how we categorized an entry? No problem! We get that small businesses are all unique and sometimes Starbucks fits under Meals & Entertainment, but other times it can fit under Advertising and Marketing. We’re not here to judge!
To edit any of your auto-categorized transactions, just edit the entry on your Transactions page and we will learn and apply that same logic to future transactions.
Note: Want to go back and look at the rules you’ve set? Just head to ‘Settings’, ‘Category Rules Editor’ and make any additional changes!
As a small business owner, you want to understand how your business is doing financially. This provides you with answers to questions like “Can I meet payroll?”, “Can I afford this new piece of equipment?”, and “Do I have enough for Facebook ads?”
You shouldn’t have to become a part-time accountant just so you can make these important business decisions!
The truth of the matter is, the average truly small business has less than 500 transactions a year. As a truly small business owner, your transactions and vendors likely stay quite similar and stable from month to month. With Auto Posting and personalized categorization rules, you can help mold the system to work perfectly for your business needs. Have confidence that your books will be perfect every time!
We still recommend that you consult with a tax professional for your year-end adjustments and tax filings. The difference now is that you’ll essentially be presenting them with a very accurate representation of your business’s finances. Less work for you and also less work for your accountant or tax preparer! It’s really a win-win situation.
If you’re new to TrulySmall Accounting, just create an account, connect your bank account, and see the magic of Auto Posting! It’s that simple. Get your business reports in a matter of minutes while you sit back and sip your coffee.
If you’re already using TS Accounting and want to start using Auto Posting, all you have to do is go into your Settings > Business Details and toggle on ‘Auto-Post’!
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