Compare MoneyPenny vs Paymo

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Software Description:

MoneyPenny is a cloud based invoicing and time tracking software that simplifies business management and reduces paper work.

MoneyPenny brings all handy features like time tracking, invoicing, expense tracking or project management in ONE PLACE.

MoneyPenny helps businesses and teams become more organized. That’s why, the minute you and your team will login, you start saving time with painless tools, such as: live task monitoring, auto payment reminders, recurring invoices, slick layouts and friendly dashboards, detailed time reports, instant phone notifications about projects & staff activity, tap and go timers, auto synced time logging and billing.

The top features that make MoneyPenny unique are:

MoneyPenny Live Time Tracking

MoneyPenny live time tracking is a suite of live time-tracking tools that helps businesses owners switch to pro-active team management.

For instance, team leaders see live, who is working on which task/project and can step in at any time. It’s the simplest way to track tasks and staff, measure team efficiency in real-time, from a phone, tablet, laptop or desktop. Staff members can all log time from any device.

Next, timesheets can turn into invoices within seconds. A true time-tracking painkiller, ready to maximize productivity and help you switch to pro-active team management.

MoneyPenny - Project Report Overview for Time & Project tracking in The Cloud

With one single click, MoneyPenny users can see costs and margins by service time, expenses, items and mileages. Know margins by project, anytime, from any mobile device!

This feature helps business owners see where their money goes and where it comes from.

MoneyPenny Client Invoice Wizard for 4.0 businesses

MoneyPenny Client Invoice Wizard allows anyone to create client-related invoices for all open time logs with one click. Users choose the format they prefer - medium, long or short – and their invoice is done, just like magic.

Forget excel or summary calculation. Another click will attach the detailed timesheets straight to the newly-created invoice. AND it’s done!

Software Description:

Paymo is a cloud-based application to make project management easier for its users. Designed for individuals and teams, Paymo offers a simple and effective platform to accurately track time spent on tasks, measure project progress, share tasks, delicate responsibilities, upload files, issue invoices, and take payments.

Paymo makes it simple to collaborate, keep track of, and bill on projects.

Paymo is used by over 100,000 users in 50 countries.


  • Project Management
  • Timesheets
  • Stripe
  • PayPal
  • Tax Management
  • Customer Management
  • Contact Management
  • Billing/Invoicing
  • Multi-Currency
  • Data Import
  • Expense Tracking
  • Data Visualization
  • Dashboard
  • Notifications
  • Multi-User
  • Data Export
  • External Integrations



  • Time tracking

  • Invoicing

  • Team timesheets

  • Expense tracking

  • Professional Estimates

  • Business reports

  • Smart Project Tracking


  • All-in-one project management tool Paymo bundles task management, time tracking and invoicing into an all-in-one app that makes project management as simple as possible.

  • Free ‘Limited Account’ Available Paymo offers a free account for freelancers with all the features, but with a limit of 1 user, 3 active projects and 1 invoice / month. Upgrades are available offering unlimited usage for a maximum of $9.95 / month.

  • Accept payments online Paymo allows you to issue invoices and accept payments online with PayPal,, Google Checkout etc. It puts billing, project management and time tracking together in one place.


1 user(s) / month
Included in plan:
  • Unlimited Invoicing
  • Time Tracking
  • Unlimited projects, clients and expenses
  • Branded invoices and estimates with your logo
  • 1 GB of space to store your documents


5 user(s) / month
Included in plan:
  • The same as in Starter plus:
  • Live time tracker
  • Team timesheets
  • 1 GB of space to store your documents


30 user(s) / month
Included in plan:
  • The same as Professional plus:
  • Weekly team performance overview
  • Private webinar training sessions
  • 5 GB cloud space to store your Documents


    Does this service offer guides, tutorials and or customer support?
  • Yes - MoneyPenny has a full guide of videos and tutorials. It also runs Webinars with training sessions.

  • Does this service offer multi-user capability (e.g. teams)?
  • Yes, MoneyPenny is great for teams. Thanks to live time tracking you get an overview on who is working on what project or task in real time. Also thanks to HipChat and Slack integration the communication between team members is really easy.

  • Does this service integrate with any other apps?
  • Yes, MoneyPenny integrates with Slack and HipChat for better communication.

  • What platforms does this service support?
  • MoneyPenny works on desktop, tablets and iPads and mobile phones both on Android and iOS.

  • Who are the main user groups of this service?
  • MoneyPenny is great for all busienss sizes: from freelancers and startups to small and big businesses. The main group of users are companies with smaller teams (up to 5 people) and bigger companies from 6-100 employees.

  • What is this service generally used for?
  • MoneyPenny is used for all kind of paperwork that needs to be done in a company. From contacting clients, sending estimates and invoices, to team time tracking, measuring business performance and connecting with tax consultants and accountants.


    No FAQs associated with this application.


Based in:


Based in:


Who uses MoneyPenny
  • Freelance
  • Startups
  • SMEs
  • Agencies
  • Enterprises
Desktop Platforms:
  • Web App
  • Windows
  • Macintosh
Mobile Platforms:
  • iOS
  • Android
  • WinPhone
Spanish, Russian, Portuguese, Italian, Polish, French, German, English, Czech, Ukrainian
Regional Restrictions:
No restrictions.


Regional Restrictions:
No restrictions.
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