MoneyPenny Pricing, Features, Reviews & Comparison of Alternatives

MoneyPenny Reviews

MoneyPenny

The Smartest Time-Tracking Software

4.95/5 (57 reviews)
3,492     1,790

MoneyPenny is a cloud-based accounting system aimed at freelancers, startups, and small businesses, which offers tools for billing and invoicing, time and expense tracking, timesheet management, tax reporting, and more.

MoneyPenny includes dashboards for each project and client, as well as a main dashboard which gives users an overview of their critical business data, including hours logged, hours billed, number of active projects, estimates and invoices sent, payments received, expense categories, team timesheets, and recent activity. The dashboard panels can be configured to present information to suit each user, and users can create custom reports on staff, projects, or clients, with the option to compare data from different date ranges.

MoneyPenny enables users to create and send estimates for individual or multiple items to clients, track their response, and transform estimates into invoices in one click once they have been approved by the client. Notes can be attached to clarify changes made to the original estimates. Invoices can also be created separately, with MoneyPenny offering built-in customizable templates, and be sent immediately, or stored as drafts to be sent later. Recurring invoices can be set to send automatically, either weekly or monthly, and automated payment reminders are sent to clients who are overdue on their payments, with users able to set their own reminder frequencies. Invoice statuses are automatically updates once the invoice is sent, notifying users of partly or fully paid, overdue, and disputed invoices.

MoneyPenny offers a native iOS and Android time tracking app, which can be used to log billable hours to be invoiced to clients. Time entries can be modified with the timesheet calculator, and clients can be automatically billed based on the hours recorded. Users can also compare project progress to estimated task times and budgets.
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MoneyPenny Reviews (57)

Latest reviews

 Easy Time Tracking

I'm using the time tracking features on a daily base. At the end of the month it's so easy to convert the time into invoices. It saves me a full day compared to my previous system with with Excel and Word. Like it!!

Read the full review
Reviewed 13th of March by Tomasz Sandor

 

 Greate for remote teams

Moneypenny is best for remote teams. We are a group of freelancers based in different countries in the world. Having a software with team time and project tracking is a must. Moneypenny works great for us.

Read the full review
Reviewed 10th of March by Oliver Jenkins

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MoneyPenny Screenshots (8)

MoneyPenny screenshotMoneyPenny screenshot: Live time trackingMoneyPenny screenshot: Powerful time reports in real timeMoneyPenny screenshot: Outsmart your competition!MoneyPenny screenshotMoneyPenny screenshotMoneyPenny screenshotMoneyPenny screenshot: With MoneyPenny you track your business performance live, from any device. 24/7

Specifications

Intended Users
Freelancers, Mid Size Business, Small Business
Devices Supported
Android, iPhone-iPad, iPhone, Web-based, iPad
Supported Countries
Asia, Australia, Brazil, Canada, China, Europe, Germany, India, Japan, Latin America, Mexico, Middle-East and Africa, United Kingdom, United States
Supported Languages
Czech, English, French, German, Italian, Polish, Portuguese, Russian, Spanish, Ukrainian
Support Options
Knowledge Base, Online Support, Video Tutorials

MoneyPenny Pricing

Starting from: $15.00/month
Pricing model: Subscription
Free Trial: Available (No Credit Card required)

30-day free trial, no credit card required.

Starter - 1 user: $15 per month

Professional - 2 to 5 users: $35 per month

Enterprise - 6 to 30 users: $55 per month

Competitors Pricing

SimpleBooks

Starting from: £72.00/year
Pricing model: Subscription
Free Trial: Available (No Credit Card required)

Sage One Accounting

Starting from: $17.00/month
Pricing model: Subscription
Free Trial: Available (No Credit Card required)

Ofipro

Starting from: €24.00
Pricing model: Subscription
Free Trial: Available (No Credit Card required)

Users who visited MoneyPenny also visited

Key Features of MoneyPenny

  • Multi-currency
  • Task management
  • Estimating
  • Invoices
  • Bill reminders
  • Automatic notifications
  • Time tracking
  • Expense tracking
  • Recurring invoices
  • Team timesheets
  • Timesheets
  • Budget management
  • Project tracking
  • Document management
  • Ad hoc reporting
  • Payment API integration
  • Customer management
  • Tax reports
  • Payment reminders
  • Team management

Benefits

Main dashboard, client dashboards, and project dashboards give an overview of team members, clients, projects, and KPIs.

Time can be logged manually or with the built-in time tracker, and clients can be automatically billed based on timesheets.

Business performance can be visualized on network diagrams, bar graphs, bubble charts, and pie charts.

Invoices can be created in multiple languages and currencies, and set up as drafts to be automatically sent weekly or monthly for recurring billing.

Estimates can be created and sent for individual or multiple items, and converted into invoices with a single click when approved by the client.

Alternatives to MoneyPenny

Tomasz Sandor

Easy Time Tracking

13/03/2017

I'm using the time tracking features on a daily base. At the end of the month it's so easy to convert the time into invoices. It saves me a full day compared to my previous system with with Excel and Word. Like it!!

Pros

Easy to use, no training required, save a lot of time to convert time tracking records to invoices, nice invoice layouts

Cons

nothing found yet

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Daily

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No
Read more
Oliver Jenkins

Greate for remote teams

10/03/2017

Moneypenny is best for remote teams. We are a group of freelancers based in different countries in the world. Having a software with team time and project tracking is a must. Moneypenny works great for us.

Pros

team time tracking project tracking

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Kevin Polke

Cool SaaS!

09/03/2017

Moneypenny gives all the essential features you need to run your business efficient and it makes team organization much more easier with the live time tracker

Pros

Dashboard with KPIs, live time tracker, project management

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Weekly

Likelihood to recommend

6/10

Recommendations to others considering MoneyPenny

swiss made

Source: Capterra
Helpful?   Yes   No
Read more
Pawel Napierala

Best time tracker in Poland

09/03/2017

For sure MoneyPenny is the best team time tracker available on polish market. Seeing in real time who is working on what task, who is away is awesome. And also the ease of generating multilanguage invoices is great.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Daily

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Ibrahim Jackson

best for hourly tracking

09/03/2017

This is extremely easy tool to track time for separate projects/clients and issue invoices. For me turning tracked hours into invoices and sending them to clients directly is the best feature.

Pros

turning tracked time into invoices very intuitive software

Rating breakdown

Ease of use
Features

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Rosalie Denver

Afordable business management tool

07/03/2017

We are a small comapany - 17 employees. We were looking for a software to support us with expenses. We've found Moneypenny and it came up to be the best software ever! Expense tracking of course, but invoicing, payment reminders and team time tracking are amazing! This is the only software we use at the moment form contacting and estimating clients to invoicing and accounting.

Pros

easy to use number of business management features

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Daily

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Sylwia Kolberg

International invoicing

03/03/2017

Super invoicing in many languages and many and many currencies. As a freelancer I cooperate with many clients all over the world. Moneypenny helps me to issue invoices in different languages and pick up the currency.

Pros

many languages for invoices

Rating breakdown

Ease of use
Features

Time used: 1-2 years

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Sarah N.

Best customer support

03/03/2017

Moneypenny is awesome. We had some issues to set up one project properly. The customer support contacted us within 1 hour and helped us with configuration.

Pros

customer support

Cons

none

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Daily

Source: Capterra
Helpful?   Yes   No
Read more
Anders S

my favourite software

01/03/2017

Great to do invoicing and time tracking. Moneypenny became one of my most useful tools. I can recommend it to every business owner looking for invoicing software

Rating breakdown

Value for money
Ease of use
Features
Source: Capterra
Helpful?   Yes   No
Read more
Alex B.

brilliant software

28/02/2017

we use Money Penny over a year. The new added team time tracking is great. Invoicing is super easy and fast.

Rating breakdown

Value for money
Ease of use
Features
Customer support
Source: Capterra
Helpful?   Yes   No
Read more