Pennylane alternatives
Pennylane is accounting and financial management software for small and mid-sized businesses and their accountants, combining invoicing and e-invoicing, purchases, cash tracking, full accounting and a business account. It was founded in 2020, its chief executive is co-founder Arthur Waller, and more than 1.5 million business owners, freelancers and finance directors use it.
Companies comparing it usually look at Xero and QuickBooks, at Odoo for accounting with operations modules, and at sevDesk, Holded and Qonto in Europe. Accounting firms also compare it with the production software they already use.
What Pennylane does
Invoicing and e-invoicing, purchases and supplier payments, expense reports, real-time cash tracking, full accounting and a business account, shared with the company's accountant.
- Founded
- 2020; CEO and co-founder Arthur Waller
- Users
- 1.5 million+ business owners, freelancers and finance directors
- Pricing
- France, one user, excluding VAT: Free €0, Starter €7, Basique €14, Essentiel €24 a month
Alternatives in ERP and General Ledger
47 other vendors in this category. Vendors with an Accountio profile are shown first; the rest of the directory follows.
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Autonomous general ledger using vertical LLMs for financial automation.
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Digits profile →
Cloud ERP for SMEs with tight Microsoft 365 integration.
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Cloud ERP for mid-market companies outgrowing basic accounting.
Founded 1998
NetSuite profile →
Open source modular suite spanning accounting and operations.
Founded 2002 · HQ Grand-Rosière, Belgium
Odoo profile →
Multi-entity cloud financials with dimensional reporting.
Founded 1999
Sage Intacct profile →
AI ERP for SaaS companies automating revenue recognition and close.
Founded 2022 · HQ New York, US
Rillet profile →
An AI-native ERP covering procurement, AP, general ledger, and financial reporting.
Founded 2020 · HQ Heidelberg, Germany
Lensing AI profile →
Operations-first ERP for physical goods businesses.
Founded 2022 · HQ San Francisco, US
Doss profile →
AI-native ERP rebuilding the general ledger around automation.
Founded 2022 · HQ Copenhagen, Denmark
Light profile →
AI-native general ledger keeping books current, not closed monthly.
Founded 2023 · HQ San Francisco, US
Quanta profile →
AI ERP for mid-market companies replacing legacy accounting systems.
Founded 2024 · HQ New York, US
DualEntry profile →
AI-native ERP for startups outgrowing entry-level accounting software.
Founded 2023 · HQ San Francisco, US
Campfire profile →More erp and general ledger vendors in the directory
How to choose
- How many legal entities and currencies do you run, and does it consolidate them without spreadsheets?
- Do you need operations modules such as inventory, orders and projects, or a general ledger only?
- Who implements it, the vendor or a partner, and how long does that take?
- How is it priced: per user, per module or per entity, and what does year two cost?
Compare further
Common questions
What are the main alternatives to Pennylane?+
Xero and QuickBooks are the closest alternatives for small business accounting. Odoo adds operations modules such as inventory and sales. In Europe, companies also compare sevDesk, Holded and Qonto.
How much does Pennylane cost?+
In France, Pennylane's plans for one user are Free at €0, Starter at €7, Basique at €14 and Essentiel at €24 a month, excluding VAT. Starter requires a Pennylane business account, and the paid plans come with a 15-day free trial.
Does Pennylane handle e-invoicing?+
Yes. Its free plan sends and receives electronic invoices under the French e-invoicing rules that took effect in September 2026, and the paid plans add payments, purchases and accounting.
Part of Accountio’s accounting technology coverage.
