Lendio Bookkeeping vs Paymo
A head-to-head comparison to help you pick the right tool
Last updated: April 30, 2026
Lendio Bookkeeping
Lendio Bookkeeping is a small business bookkeeping service that pairs automated software with human bookkeepers to keep your finances organized. It also connects businesses to funding options through the Lendio lending marketplace.
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
- ✓Combines software with human bookkeepers
- ✓Connected to Lendio lending marketplace
- ✓Good for businesses needing both bookkeeping and financing
- ✓Simple pricing
- ✓US-focused
Cons
- ✗Less well-known than major competitors
- ✗Limited advanced accounting features
- ✗Best value for businesses also seeking financing
- ✗US only
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
Lendio Bookkeeping vs Paymo: Side by Side
| Factor | Lendio Bookkeeping | 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 | Small US businesses wanting managed bookkeeping combined with easy access to business financing options | Freelancers and small agencies needing project management combined with time tracking and client invoicing |
| Our Pick | — | — |
Lendio Bookkeeping Features
- ✓Small business loans
- ✓bookkeeping
- ✓cash flow management
- ✓financial reporting
- ✓bank reconciliation
Paymo Features
- ✓Project management
- ✓time tracking
- ✓invoicing
- ✓expense tracking
- ✓team collaboration
- ✓client portal
Pricing Comparison
Our Take
Choose Lendio Bookkeeping if small us businesses wanting managed bookkeeping combined with easy access to business financing options. Choose Paymo if freelancers and small agencies needing project management combined with time tracking and client invoicing.
Best For
Small US businesses wanting managed bookkeeping combined with easy access to business financing options
Best For
Freelancers and small agencies needing project management combined with time tracking and client invoicing
Also Consider
If neither Lendio Bookkeeping 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 Lendio Bookkeeping and Paymo?
Lendio Bookkeeping is best for small us businesses wanting managed bookkeeping combined with easy access to business financing options. Paymo is best for freelancers and small agencies needing project management combined with time tracking and client invoicing.
Which is better, Lendio Bookkeeping or Paymo?
Choose Lendio Bookkeeping if small us businesses wanting managed bookkeeping combined with easy access to business financing options. Choose Paymo if freelancers and small agencies needing project management combined with time tracking and client invoicing.
How much does Lendio Bookkeeping cost?
Visit Lendio Bookkeeping website for current pricing.
How much does Paymo cost?
Visit Paymo website for current pricing.
Who should use Lendio Bookkeeping?
Small US businesses wanting managed bookkeeping combined with easy access to business financing options
Who should use Paymo?
Freelancers and small agencies needing project management combined with time tracking and client invoicing