Paymo logo

Paymo

Paid

Track expenses, manage accounts, set budgets, and generate user-friendly reports for efficient financial management.

5.0
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Starting Price
$9.9/mo
Type
Saas

About Paymo

Paymo is an online platform designed to make managing business finances easier. It helps users take control of their finances and make informed decisions about their business. With Paymo, users can easily track their expenses, invoices, payments, and other financial data. It also helps them manage their accounts, set budgets, and make payments to vendors. It also offers user-friendly reporting features, allowing users to make informed decisions about their business performance. Paymo is ideal for freelancers and small business owners who need to keep a tight grip on their finances. Its intuitive and intuitive interface makes it easy to use, while its powerful features make it possible to take control of their finances. Paymo is the perfect tool for users who want to gain insights into their financial data and make better decisions.

Key Features

Track expenses and invoices.
Manage accounts and set budgets.
Generate user-friendly reports.

Pros & Cons

Pros
  • Combines time tracking, project management, and invoicing in one platform
  • Offers automatic time tracking via desktop activity recording
  • Provides multiple task views (Kanban, list, spreadsheet, calendar) for flexibility
  • Includes file proofing and approval features for review workflows
  • Supports online payments and estimates for streamlined invoicing
  • Trusted by over 100,000 users with reported productivity gains
Cons
  • Pricing requires contacting sales; exact costs are not transparent on the homepage
  • Free tier may have limitations; no credit card required for getting started, but full feature access likely requires a paid plan
  • Automatic time tracking may raise privacy concerns for some users
  • Platform is primarily focused on service-based businesses; may not suit product-based or non-project workflows
  • Some advanced features (e.g., Gantt charts, leave planner) may only be available on higher-tier plans

Best For

Track expenses and invoices.Manage accounts and set budgets.Generate user-friendly reports.

Alternatives to Paymo

FAQ

What is Paymo?
Paymo is a cloud-based platform that combines time tracking, project management, task management, team collaboration, and invoicing for independent professionals and small teams.
Does Paymo offer a free plan?
Based on available information, Paymo allows users to get started without a credit card, but the exact features and limits of any free tier should be verified on the pricing page.
Can I track time automatically with Paymo?
Yes, Paymo offers automatic time tracking via a desktop app that records computer activity and generates detailed timesheets. Manual time tracking is also available through browser, desktop, and mobile apps.
Does Paymo include invoicing?
Yes, Paymo includes invoicing features that allow users to convert timesheets into invoices, send estimates, and accept online payments.
What types of task views does Paymo support?
Paymo supports Kanban boards, to-do lists, spreadsheet views, and calendar views for task management, along with subtasks, multiple assignees, and alerts.
Is Paymo suitable for large teams?
Paymo is designed for independent professionals and small teams. While it can scale, its features are tailored to smaller organizations; larger enterprises may need to evaluate if it meets their needs.