Paymo
Freelancer and agency PM with invoicing, time tracking, and scheduling.
Teamwork
Agency-built PM with billing, client portals, and time tracking built in.
Side-by-Side Comparison
| Feature | Paymo | Teamwork |
|---|---|---|
| Price | FreeBetter | Free |
| Free Tier | Yes | Yes |
| Top Pros | Invoicing and billing built-in | Best agency billing and time tracking |
| Time tracking with task linkage | Client portal access | |
| Free plan for solo freelancers | Project profitability reports | |
| Top Cons | Free plan limited to 1 user | Free plan very limited (2 projects) |
| Design feels functional but not modern | Less intuitive than Trello for small teams |
Features Compared
Both Paymo and Teamwork are built for teams managing client work, but they diverge in key areas. Paymo excels at time tracking with task linkage, allowing freelancers and agencies to log hours directly against specific tasks—a feature central to its invoicing and billing workflow. It also offers task dependencies, enabling teams to map sequential work, and includes a resource scheduler to visualize capacity. Teamwork matches Paymo on time tracking and adds milestone tracking, a structured way to break projects into phases. Where Teamwork pulls ahead is in retainer management, a dedicated feature for recurring, subscription-based client work that Paymo's product data does not highlight. Both include client portals and resource schedulers, but Teamwork's project profitability reports give agencies deeper financial visibility—essential for understanding which client engagements actually make money.
The billing experience differs subtly but meaningfully. Paymo bundles invoicing and estimates as core features, making it straightforward for solo freelancers to quote work and invoice clients. Teamwork positions itself as the stronger choice for agencies with best-in-class agency billing and time tracking—implying a more mature, multi-layered approach to complex billing scenarios, retainers, and team utilization. For a solo freelancer or small agency doing project-based work, Paymo's invoicing is sufficient. For an agency scaling with retainers, multiple projects, and profitability tracking, Teamwork's billing depth has the edge.
Pricing & Value
Both products offer free tiers, but with different guardrails. Paymo's free plan supports a single user indefinitely—a genuine option for solo freelancers who want time tracking and invoicing without paying. Teamwork's free tier is more restrictive, capping users at 2 projects, which limits its usefulness beyond basic exploration. Neither product's exact pricing for paid tiers is detailed in the available data, so the ROI calculation depends on your headcount and project volume. For solo freelancers and small agencies, Paymo's free tier is the clearer winner. For growing agencies that quickly exceed 2 projects, Teamwork's paid plans will become necessary sooner—meaning Teamwork targets users who plan to invest.
- Paymo free plan: unlimited access for 1 user; good for solo freelancers long-term
- Teamwork free plan: limited to 2 projects; designed as a trial, not a permanent solution
- Paymo: minimizes cost barriers to entry for freelancers
- Teamwork: assumes faster scaling, positioned for teams moving to paid tiers
Ease of Use & Onboarding
Paymo is described as functional but not modern in design—a trade-off between practicality and aesthetics. It will feel familiar to users who prioritize getting work done over sleek interfaces, and its straightforward invoicing and time tracking workflows favor freelancers and small teams accustomed to older SaaS tools. Teamwork's weakness is the opposite: it's reported to be less intuitive than Trello for small teams, suggesting a steeper learning curve and a UI optimized for agency complexity rather than simplicity. The mobile app is less polished than the desktop version, a concern for teams managing work on the go. For new users and small, distributed teams, Paymo's functional simplicity wins. For agencies willing to invest upfront learning time in exchange for feature depth, Teamwork's interface is a worthwhile trade-off.
Integration & Ecosystem
Paymo is reported to have fewer integrations than bigger tools, a meaningful limitation if your tech stack spans multiple platforms. Teams relying on dozens of third-party apps may find Paymo's ecosystem constraining. Teamwork's product data does not explicitly detail its integration count or strategy, but as an agency-built platform from Teamwork.com, it likely has broader connection options—a reasonable inference, though specific integrations are not confirmed in the data provided. If integrations are critical—say, connecting to Slack, HubSpot, or your custom CRM—Paymo may force workarounds. Teamwork, built for agencies already managing multiple tools, likely has fewer gaps in this area.
Who Should Choose Paymo?
Solo freelancers and very small agencies (1–3 people) should choose Paymo. The free plan supports a single user indefinitely, making it a zero-cost option for time tracking and invoicing—your core needs as a freelancer. The time tracking with task linkage streamlines billing (log hours, auto-populate invoices), and the task dependencies feature helps you organize sequential work. If you're a designer, developer, or writer managing a handful of clients, Paymo removes the friction of piecing together separate invoicing and time-tracking tools. The functional design is a non-issue when you're using the tool solo; you'll spend more time working than learning.
Who Should Choose Teamwork?
Agencies with 5+ team members managing multiple concurrent projects and recurring client retainers should choose Teamwork. The platform's retainer management feature is built for subscription-model clients, a common agency revenue stream. Milestone tracking imposes structure on complex projects, and project profitability reports answer the question every agency owner asks: "Are we actually making money on this client?" The client portal and resource scheduler match Paymo, but Teamwork's billing depth and profitability visibility justify the move past the free tier. If your team is growing, retainers are part of your model, or you need to measure project margins, Teamwork's complexity is a feature, not a bug.
- Want: invoicing and billing built-in
- Want: time tracking with task linkage
- Want: free plan for solo freelancers
- Want: best agency billing and time tracking
- Want: client portal access
- Want: project profitability reports
Our Verdict
Pick Paymo if you're a solo freelancer or very early agency that needs core invoicing and time tracking without paying per collaborator yet. Pick Teamwork if you're running a multi-person agency, need clients to see project status directly, and want built-in profitability dashboards to track what's actually making you money.