Countingup vs Paymo
A head-to-head comparison to help you pick the right tool
Last updated: April 30, 2026
Countingup
Countingup is a UK business current account with built-in accounting software. It combines banking and bookkeeping in one app, automatically categorizing transactions and generating tax estimates in real time.
Paymo
Paymo is a project management and time tracking tool built for freelancers and small agencies. It combines task management, time tracking, invoicing, and resource scheduling in one platform.
Pros
- ✓Business banking and accounting in one app
- ✓Automatic transaction categorization
- ✓Real-time tax estimates
- ✓Simple flat monthly pricing
- ✓Great for sole traders
Cons
- ✗UK only
- ✗Limited accounting features for complex businesses
- ✗Not a replacement for full accounting software at scale
- ✗No multi-user access
Pros
- ✓Built-in time tracking and invoicing
- ✓Good resource scheduling
- ✓Ideal for client-facing work
- ✓Affordable pricing
- ✓Clean interface
Cons
- ✗Not suited for large enterprise teams
- ✗Limited automation
- ✗Smaller integration ecosystem
- ✗Reporting less robust than competitors
Countingup vs Paymo: Side by Side
| Factor | Countingup | Paymo |
|---|---|---|
| User Rating | N/A | N/A |
| Category | Accounting Software | Project Management |
| Pricing Model | Paid | Freemium |
| Starting Price | Contact for pricing | Contact for pricing |
| Best For | UK sole traders and freelancers wanting a combined business bank account and simple accounting tool in one app | Freelancers and small agencies needing project management combined with time tracking and client invoicing |
| Our Pick | — | — |
Countingup Features
- ✓Receipt scanning
- ✓expense categorization
- ✓VAT tracking
- ✓supplier management
- ✓bank feed integration
- ✓reporting
Paymo Features
- ✓Project management
- ✓time tracking
- ✓invoicing
- ✓expense tracking
- ✓team collaboration
- ✓client portal
Pricing Comparison
Our Take
Choose Countingup if uk sole traders and freelancers wanting a combined business bank account and simple accounting tool in one app. Choose Paymo if freelancers and small agencies needing project management combined with time tracking and client invoicing.
Best For
UK sole traders and freelancers wanting a combined business bank account and simple accounting tool in one app
Best For
Freelancers and small agencies needing project management combined with time tracking and client invoicing
Also Consider
If neither Countingup nor Paymo is the right fit, Dext is worth evaluating.
Dext
Bookkeepers, accountants, and businesses with high receipt volumes wanting to eliminate manual data entry
From $15/mo
Frequently Asked Questions
What is the difference between Countingup and Paymo?
Countingup is best for uk sole traders and freelancers wanting a combined business bank account and simple accounting tool in one app. Paymo is best for freelancers and small agencies needing project management combined with time tracking and client invoicing.
Which is better, Countingup or Paymo?
Choose Countingup if uk sole traders and freelancers wanting a combined business bank account and simple accounting tool in one app. Choose Paymo if freelancers and small agencies needing project management combined with time tracking and client invoicing.
How much does Countingup cost?
Visit Countingup website for current pricing.
How much does Paymo cost?
Visit Paymo website for current pricing.
Who should use Countingup?
UK sole traders and freelancers wanting a combined business bank account and simple accounting tool in one app
Who should use Paymo?
Freelancers and small agencies needing project management combined with time tracking and client invoicing