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MoneyPenny REVIEW

Time Tracking Software

1 user review

What is MoneyPenny?

MoneyPenny is an intuitive and straightforward time-tracking and invoicing system aimed towards small businesses and freelancing professionals. It takes out Excel spreadsheets and Word templates out of the equation, and instead it provides you with professional looking templates that you can tweak and tailor to showcase your brand. You can automate the whole invoicing process so you can focus on growing your business, and track time all from the same platform.

What is really specific about MoneyPenny is the suite of five advanced live time tracking features that help users turn towards proactive 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

At the same time, MoneyPenny lets you create greatly designed invoices in seconds and then send them to your clients in a few clicks. You can also use it to track and manage your expenses effortlessly, as creating recurring invoices is a breeze. Basically, you can convert estimates into invoices with just a push of a button.

Overview of MoneyPenny Benefits

MoneyPenny is a cloud-based invoicing system that accelerates and simplifies the way you manage and perform all your invoicing-related functions and tasks, including creating and sending invoices, making recurring invoices, and more. Automated invoice generation speeds up the process, freeing a significant amount of time that you can use on other aspects of your business.

MoneyPenny offers tons customization options that you can apply on your templates. You can configure the dashboard panels based on your preferences, create custom invoices that highlight your brand, and generate customized reports focused on clients, staff or projects.

Aside from creating and delivering invoices to your customers, MoneyPenny helps you identify indicators that drive your business via data analysis and comparisons. These reports help reveal insights that you can use to further improve your business, create better products, and enhance your services.

With instant access to crucial business intelligence that you derive from detailed reports, you can transform data into money, make viable budget plans, target doable sales goals, and more. As all information are placed in a single location, you can easily come to smarter business decisions that are driven by real facts.

Overview of MoneyPenny 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

What Problems Will MoneyPenny Solve?

Scenario #1: International teams

International teams of freelancers struggle with time-tracking, particularly if they work on various time zones. Therefore, it is hard to synchronize all their tasks, know exactly where their budget is, what clients have been invoiced, who already paid he invoices and if there are any overdue bills. On top of this, being international, they have clients from various continents, who use different languages and currencies. MoneyPenny is designed with such teams in mind, and it saves their time with:

  • Accurate Time Tracking Apps and Reports, focused on making online collaboration easy. Teams can track down every second from any device, then submit timesheets which, after approval can be turned into invoices within seconds;
  • Live team overview through Team Timesheets helps business owners get a complete view of who is productive, who can join future projects and who should receive a promotion;
  • MoneyPenny dashboards offer an overview for the entire business, or only for Clients or Projects. These dashboards show you all important data in one screen. Budget, tasks, expenses, transactions, account statements or invoice history. It’s all there.
  • MoneyPenny is available in 10 foreign languages and it works with all currencies, so it won’t let language and currency issues hold you back, because your business can grow as global as you want it to.
  • MoneyPenny simplifies invoicing with the best invoice generator. You can easily create online multi-currency and multi-language invoices, then track conversations with clients about projects and payments. Auto-payment reminders can be set as well as recurring invoices.

Besides this, the simple Slack and HipChat integration with MoneyPenny is exactly what cloud-based team collaboration needed. With this, MoneyPenny brings all internal and external communication in one place, with real-time messaging, archiving, live updates, chat rooms, file sharing, and screen sharing.

Scenario #2: Mobile teams

For dynamic small businesses, such as construction, plumbing, mechanics or scaffolding teams, being always on the go might be a challenge. They need to update their working status while on the move, they sometimes realize they don’t have all the materials on site, so they need to go to a store, load materials up then drive back, while colleagues might be waiting back at the jobsite. In such cases, MoneyPenny comes very helpful because:

  • Its Live Time Tracker allows them to log time from their phone and update their current presence status: “Present”, “Break”, “Absent”, “Vacation”.
  • The team leader will know which construction workers is at the site and who is out to buy more materials, or who is on a break.
  • In case the property owner calls and changed their mind about the project, the team leader can instantly contact everybody and ask them to stop working until further instructions.
  • Any receipt of purchased goods can be swiftly added to the project by taking a picture of it and uploading it on MoneyPenny.
  • All expenses, invoices and time logs are synced in real-time. The project manager can always enter the MoneyPenny dashboard to see if the budget is OK, check the project milestones and communicate with the client or members of the team, live. Same goes for comments on invoices or estimates than need to be adjusted.

Scenario #3: Project and budget tracking

For companies and business owners, it’s crucial to get the bigger picture from time to time, and make sure they’re in control of cash inflows and outflows, expenses and revenues. At tax time or at any time, they might want to know who is their best client, what’s their profit and plan ahead. For such matters, MoneyPenny had designed and developed features like:

  • Detailed dashboards where company owners can assess KPIs, analyze client data, ongoing or past projects and plan accordingly. The dashboard panels can be customized, so that you don’t even need training or tutorials to compile customized reports focused on clients, staff or projects. You can compare and view data from previous days, weeks, months or years.
  • The advanced reports available on MoneyPenny are the key to smart business decisions. They practically turn data into money, since with a few click you can create accurate estimates, set better sales goals and track overall progress of projects and budgets.
  • Paperwork is no longer an issue, and you can forget about the shoebox. Any MoneyPenny user who needs help with the preparation of tax papers and returns can simply provide access to their tax consultant. Once the invitation accepted, all the business data and documents (receipts, invoices) will be safely stored on MoneyPenny servers, so the tax consultant will be able to access and do all the tax-work from one place: MoneyPenny. When completed, the customized tax reports (monthly/quarterly or annual) can be exported within minutes and sent via email.

Awards & Quality Certificates

MoneyPenny Position In Our Categories

Position of MoneyPenny in our main categories:


MoneyPenny is one of the top 500 Accounting Software products


MoneyPenny is one of the 500 Project Management Software products


MoneyPenny is one of the 500
Accounting Software products


MoneyPenny is one of the 500
Project Management Software products

MoneyPenny is also listed in the following subcategories:

Billing and Invoicing Software#77 Time Management Software#17
Time Tracking Software#42
Billing and Invoicing Software#77
Time Management Software#17
Time Tracking Software#42

It is important to note that almost no app in the Accounting Software category is an ideal solution able to fulfill all the needs of various company types, sizes and industries. It may be a good idea to read a few MoneyPenny reviews first as some software may perform well just in a really small set of applications or be created with a really specific industry in mind. Others may function with a goal of being simple and intuitive and consequently lack advanced features welcomed by more experienced users. There are also software that cater to a broad group of users and offer a complex feature set, however that usually comes at a more expensive cost of such a service. Ensure you're aware of your needs so that you select a solution that offers all the features you search for.

How Much Does MoneyPenny Cost?

MoneyPenny 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

User Satisfaction

We realize that when you make a decision to buy Time Tracking Software it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and MoneyPenny reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with MoneyPenny. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.






Technical details

Devices Supported
  • Windows
  • Linux
  • Android
  • iPhone/iPad
  • Mac
  • Web-based
Language Support
  • English
Pricing Model
  • Monthly payment
Customer Types
  • Small Business
  • Medium Business
  • Freelancers
  • On Premise

What Support Does This Vendor Offer?


MoneyPenny User Reviews

What are MoneyPenny pricing details?

MoneyPenny 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

What integrations are available for MoneyPenny?

MoneyPenny integrates with the following business systems and applications:

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

User reviews

1 Review


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Ania Zielinska
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Published 1 year ago
A lot of features in this one app makes running a business much easier. Everything from time tracking to invoicing is automated and saves time. Additionally tracking all...

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