invoicely vs Pennylane: Complete Comparison (2026)
An in-depth comparison of invoicely and Pennylane to help you choose the right tool for your business.
Last updated: November 2026
invoicely
5.3/10
Web-based invoicing tool for freelancers and small businesses to send estimates and invoices, take online payments, and track time, expenses and mileage.
Pennylane
6.4/10
French accounting, invoicing, cash management and business account platform for freelancers, small businesses, SMEs and the accounting firms that serve them.
Feature-by-Feature Comparison
| Feature | | |
|---|---|---|
| Scores | ||
| Overall Rating | 5.3/10 | 6.4/10 |
| Scalability | 3/10 | 6/10 |
| Analytics | 4/10 | 6/10 |
| Compliance | 4/10 | 8/10 |
| Integration | 3/10 | 7/10 |
| Security | 5/10 | 6/10 |
| Support | 4/10 | 5/10 |
| Cost | 9/10 | 5/10 |
| Customization | 7/10 | 5/10 |
| Ease of Use | 7/10 | 8/10 |
| Pricing | ||
| Free plan | Yes | No |
| Cheapest paid plan | $10/mo Basic | €7/mo Starter (freelancer) |
| Estimated cost for 10 users | $20/mo Professional | Contact for pricing |
| Features | ||
| Invoicing | ||
| Expense Management | ||
| Online Payments | ||
| Multi-currency | Not listed | |
| Corporate Cards | Not listed | |
| Accountant Access | Not listed | |
| Budgeting and Forecasting | Not listed | |
| Financial Reporting | Not listed | |
| Accounts Payable | Not listed | |
| Payroll | Not listed | |
| General Ledger | Not listed | |
| Tax Compliance | Not listed | |
| Bank Reconciliation | Not listed | |
Which One Should You Choose?
Why choose invoicely
- Has a free plan (Pennylane does not)
- Higher Cost score (9/10 vs 5/10)
- Higher Customization score (7/10 vs 5/10)
Why choose Pennylane
- Higher Compliance score (8/10 vs 4/10)
- Higher Integration score (7/10 vs 3/10)
- Better fit for small business (9/10 vs 7/10)
Pros & Cons
invoicely
Pros
- The free plan is usable for very light billing (5 invoices a month, 3 clients) and needs no credit card.
- Flat plan pricing, not per user, with up to 25 team members on the $29.99 Enterprise plan.
- Supports four payment gateways: PayPal, Stripe, Mollie and Authorize.net.
- Can manage several businesses from one login, each with its own clients and team.
- Logged time, mileage and expenses convert directly into invoices.
Cons
- No double-entry ledger, bank reconciliation or payroll, so it cannot replace accounting software.
- Few integrations beyond payment gateways, according to SMB Guide and Techjockey reviewers.
- Support is by email and help center only, with hours set to Central European time.
- Some users report confusing settings and trouble with duplicate invoice numbers.
- The free plan accepts PayPal payments only.
Pennylane
Pros
- Accountants and clients work in the same shared space, which reviewers call its main strength.
- Bank transactions are categorised and reconciled automatically, based on past categorisations.
- A business account with an IBAN and employee cards is included even on the entry plan.
- It is approved for French e-invoicing, and Premium adds electronic filing of VAT and tax returns.
- A 15-day free trial and cancel-anytime billing mean there is no long-term commitment.
Cons
- Reviewers consider it fairly expensive, and there is no free plan.
- Full accounting reports and tax filing are limited to Premium.
- No payroll or CRM of its own; it relies on Payfit, Silae and CRM integrations.
- Users report slow support on complex issues, occasional bugs, and a multi-currency feature that still needs work.
- Pricing for companies with employees is quote-based on the vendor site.
