Paymo Pricing Plans & Costs Guide for 2023

by Daniel Raymond · August 4, 2023

Paymo is a team project management, time tracking, and invoicing software to manage tasks, time, and resources more effectively. It includes features such as time tracking, project planning, team collaboration, invoicing, and reporting.

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How Much Does Paymo Cost?

Paymo offers several pricing plans with a range of features to fit different business and user needs. Teams can try the product demo or the 15-day free trial to see the different features at work. Paymo pricing plans include the following:

Paymo Free – for individuals who need a basic project management tool with time-tracking and invoicing features
Paymo Starter ($4.95 per user, per month) – for freelancers and solopreneurs that require more collaborative tools and integration
Paymo Small Office ($9.95 per user, per month) – suitable for small teams and departments that require enhanced time tracking and project management capabilities
Paymo Business ($20.79 per user, per month) – ideal for mid-sized and large teams needing more customer support features

If you are looking for a more cost-effective team solution, check out AceProject. Its pricing plans is not restricted on a per-user basis, resulting in savings over time.

Paymo Free Plan

Paymo Free plan is perfect for individuals who want to manage personal tasks and track time effectively. This plan is only for one user and includes basic features such as task management, time tracking, and invoicing.

INCLUDED IN FREE:

Unlimited Time Tracking – Track time for tasks and projects across devices.
Unlimited Invoices – Create and send professional-looking invoices to clients or stakeholders.
Projects – Manage unlimited projects, set deadlines, and track progress.
Clients – Add up to three clients and manage their interactions.
Tasks – Create and manage up to 50 tasks.
Task Views – View tasks in list, Kanban board, and calendar views.
Static Time Reports – Generate static timesheet reports for allocation, efficiency, and productivity.
Desktop and Mobile Apps – Access and manage projects, tasks, and time across devices.
Guest Access – Give access to clients or stakeholders for efficient communication.

Paymo Starter Plan ($4.95 per user per month)

The Paymo Starter plan is an ideal solution for freelancers and solopreneurs. Though only for a single user, it still offers a range of features tailored to help in efficiently managing projects. A user can collaborate effectively and integrate with popular apps and services. It costs $4.95 per user per month billed annually or $5.95 per user per month billed monthly.

EVERYTHING IN FREE, PLUS:

Clients – Add up to six clients for more flexibility.
Tasks – Create and manage up to 300 tasks with more capacity for task organization and tracking.
Project Templates – Customize and reuse project templates for repetitive projects.
Unlimited Estimates & Expenses – Build an unlimited number of estimates and record expenses.
Integrations – Integrate with Google Apps, Zapier, Slack, Quickbooks, Xero, Adobe, Jotform, and more.
In-App Tech Support – Contact technical support for assistance and guidance within the Paymo platform.
25GB Storage – Store project files, documents, and attachments.

Paymo Small Office Plan ($9.95 per user per month)

Paymo Small Office plan is ideal for small teams and departments that require advanced features. It includes recurring tasks, Meta Kanban boards, proofing and versioning, and active timers. It costs $9.95 per user per month billed annually or $11.95 per user per month billed monthly.

EVERYTHING IN STARTER, PLUS:

Unlimited Clients – Manage an unlimited number of clients and store their information.
Unlimited Tasks – Create and manage an unlimited number of tasks.
Recurring Tasks – Automate the creation of repetitive tasks to save time and effort.
Meta Kanban Board – View all tasks and their statuses using a Kanban-style interface.
Live Time Reports – Generate live time reports to provide real-time insights into time spent on tasks and projects.
Active Timers – Track time spent on tasks with precision by capturing and recording time on all running timers.
Proofing and Versioning – Streamline the review and approval process for accurate version control.
50GB Storage – Store project files, documents, and attachments with ample storage.

Paymo Business Plan ($20.79 per user per month)

Paymo Business plan is suitable for medium and large teams that require robust project management capabilities. This plan includes onboarding, priority support, remote assistance, and workload management. It costs $20.79 per user per month billed annually or $24.95 per user per month billed monthly.

EVERYTHING IN SMALL OFFICE, PLUS:

Onboarding and Training – Assistance from Paymo team in configuring accounts and settings.
Employee Scheduling and Workload – Create schedules, assign tasks, and allocate resources effectively.
Employee Leave Management – Track and manage vacation days, sick leaves, and other types of absences.
Gantt Charts – Visualize project timelines, dependencies, and milestones.
Portfolio Gantt Chart – Get a high-level perspective on project progress and resource allocation.
Priority Support – Receive prompt assistance and resolution for inquiries or technical issues.
Online Remote Assistance – Get personalized support directly from the Paymo team.
500GB Storage – Large storage capacity to store project files, documents, and attachments.

Conclusion

Paymo aims to streamline project management processes, improve team collaboration, and enhance productivity. It offers a comprehensive suite of features in an intuitive and user-friendly interface. Paymo pricing plans allow a wide range of users to choose the right solution. From freelancers and small teams, to larger organizations, its plans are applicable across industries.

It is crucial to assess requirements and compare them with the features offered in Paymo pricing plans. The number of team members, budget, project complexity, and customer support are important requirements to consider. Paymo time tracking is a standout feature for monitoring hours related to productivity and profitability. However, the versatility of its features can sometimes confuse the uninitiated. Training and onboarding may be necessary. So before making a final decision, read our Paymo Pros and Cons to check if it is a match.

Source: Paymo Pricing Official Website