Compare MoneyPenny vs. FreshBooks

When selecting the appropriate Accounting & Finance Software for your firm it is suggested that you assess the features, rates, as well as other essential details concerning the product and vendor. Here, you can check the similarities and distinctions between FreshBooks (overall score at 9.8 and user satisfaction at 99%) and MoneyPenny (overall score at 8.0 and user satisfaction at 96%). You can also look at their specific modules, like functions, plans, pricing, terms and conditions, etc. Moreover, read the terms carefully for information on hidden fees, such as, setup fees, separate support plan, upgrade fees, cloud storage fees, and other similar charges. In the event you need to quickly decide on the best Accounting Software according to our review team we suggest you try out the following services: Zoho Books, FreshBooks, Xero.





MoneyPenny screenshot FreshBooks screenshot
Pricing Details

Our Score

Our Score

8.0 ?

Our Score

9.8 ?

Client Satisfaction

Client Satisfaction

Client Satisfaction

96% ?

Client Satisfaction

99% ?





Pricing Model

Pricing Model

Monthly payment Monthly payment | Annual Subscription
Full Review

Full Review

Product Info

Product Info

MoneyPenny is the smartest cloud invoicing software with time tracking designed for small businesses and freelancers.
FreshBooks is the winner of our 2017 Best Accounting Software Award. It is a great cloud accounting app for small business that makes billing easy and effective.
Quick Links
Available Devices

Available Devices

Phone No.

Phone No.

+41-22-518-32-02 +1-866-303-6061
Company's Address

Company's Address

DAYquiri GmbH
Vordergasse 3
CH 8200 Schaffhausen
35 Golden Avenue, Suite 105
Toronto, ON M6R 2J5
Pricing Plans

Pricing Plans

MoneyPenny offers three SMB and enterprise pricing plans for users to choose from. Give the details a look, and select the best plan for your company:

Starter – $15/month

  • 1 user
  • Invoicing
  • Expenses
  • Timesheets
  • Projects
  • Estimates
  • Client Database
  • 24/7 email support

Professional – $35/month

  • All Starter features
  • 2-5 users

Enterprise – $55/month

  • All Professional features
  • 6-30 users

FreshBooks offers a flexible SMB and enterprise pricing scheme where plans are tailored to suit the needs of every business or small accounting team. What is more, the company offers a 30-day free trial where you can examine the features prior to choosing the most suitable plan. The difference between plans depends on the number of active clients you intend to bill, while functionalities remain the same allowing you to:

  • Customize and send unlimited invoices
  • Invoice status tracking and updates
  • Automatic late payment reminders and fees
  • Easily accept online credit card payments
  • Easily add and categorize expenses
  • Track your time by project and clients
  • Clear and simple reports and dashboards
  • Work on any device – computer, tablet or mobile
  • Data that’s 100% secured and automatically backed up

These are the pricing details for each available plan:

Lite – $15/month

  • Bill up to 5 active clients

Plus – $25/month

  • Bill up to 50 active clients

Premium – $50/month

  • Bill up to 500 active clients

Note that the company also offers discounts for annual payment.

Vendor Email

Vendor Email
Available Languages

Available Languages

USA, UK, Canada, International USA, UK, Canada, International, China, Germany, India, Japan, Spain, France, Russia, Italy, Dutch, Portugal, Polish, Turkish, Swedish
Prominent Clients

Prominent Clients

Chocosol, Giant Robot Engine, InfluAds, Mimic Interactive
Customer Support

Customer Support

Phone Live Support
Phone Live Support
Ticket Training
Customer Types

Customer Types

Small Business | Medium Business | Freelancers Small Business | Freelancers
Supported Integrations

Supported Integrations

MoneyPenny integrates with the following business systems and applications:

  • HipChat
  • Slack
  • PayPal
  • Stripe
  • 2CheckOut
  • Braintree

FreshBooks integrates with the following business systems and applications:

  • Google Apps for Work
  • Gusto
  • OneSaas
  • Shopify
  • Stripe
  • Capsule
  • Acuity Scheduling
  • hurdlr
  • You don’t need a CRM!
  • Yalla
  • 123 Form Builder
  • Revamp CRM
  • EazyBI
  • Zapier
  • HubSpot
  • Braintree
  • Solve
  • Zendesk
  • LiveChat
  • Automatic
  • MileIQ
  • ReceiptBank
  • Xpenditure
  • Wufoo
  • MailChimp
  • PayPal
  • Basecamp
  • Citrix Podio
  • Bidsketch
  • Proposify
  • Blacktimer
  • Chrometa
  • ChronoMate
  • Hours
  • toggl
  • Avalara TrustFile
  • RightSignature
Pricing Details

Pricing Details

Learn more about MoneyPenny pricing Learn more about FreshBooks pricing
Available Features

Available Features


  • Smart & quick invoicing
  • Swift payment reminders
  • Automated recurring invoices
  • Fully flexible & slick layouts
  • Integrated project tracking
  • Log time from any device
  • Easy timesheet management
  • Turn time entries into invoices
  • Snap & go receipts
  • Detailed expense reports
  • Instant expense updates
  • Assign tax-friendly categories


Online Invoicing
  • Customizing your invoice
  • Tracking Invoice Views
  • Puting Business on Auto-Pilot
  • Getting paid with deposits
  • Getting paid with credit cards
  • Customizing due dates
  • Quick discounts
  • Estimates
  • Online Payments
  • Late Payment Fees
  • Recurring Invoices & Auto Payment
  • Multi Currency & Multi Language
  • Client Portal
  • Late Payment Reminders
  • Sales Taxes
  • Client Credit
  • Track Offline Payments
  • Send Emails or Snail Mail
  • Automated Tax Circulations
  • Invoice Previews
  • Knowing when the customer has seen the invoice
Expense Tracking
  • Automatic expense import
  • Snaps
  • Tracking spending per project
  • Remember vendors
  • Tax friendly categories
  • Easy-to-read categorization
  • Attach receipts (PDF or Image)
  • Expense Report Filters
  • File import
  • Recurring Expenses
  • Assign & Rebill Expenses
Time Tracking
  • Timer
  • Team timesheets
  • Clear breakdown of the day
  • Tracking against clients and projects
  • Detailed Time entry notes
  • Automated bills for tracked hours per project
  • Project Managers
  • Track Unbilled Time
  • Different Rates for each Project
  • Generate Invoices
  • Sharing images and files
  • Collaborating with clients, contractors, and employees
  • Project due dates
  • Centralized conversations
  • Current Project overviews
  • MasterCard, Visa, and American Express
  • Quick bank deposits
  • Automatically recorded payments
  • Fees recorded as expenses
  • Single-click setup
  • Safe & secure
  • Simple payment experience
Accounting Reports & Taxes
  • Accounts Aging
  • Profit & Loss
  • Balance Sheet
  • Expense Reports
  • Item Sales
  • Sales Tax
  • Export to CSV or Excel
  • Invoice Details Reports
  • Accounts Aging Reports
  • Filters for report customization
  • Summary of outstanding revenue
  • Clear spending breakdowns
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Popular Alternatives

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Both FreshBooks and MoneyPenny were evaluated by a team of reliable SaaS experts who prepared a detailed study of all key aspects of every solution. Their ultimate score was calculated by means of unique SmartScore system that gives a separate partial score to each component including: main functionalities, customer support, mobile device support, security, user satisfaction and media presence. Here at FinancesOnline we realize useful features are not the only aspect crucial to a business so we make sure we pay attention to all sides of a app prior to giving it a final score.