Pennylane review

Updated September 28, 2026 · ForgeCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Pennylane fits small businesses that want bank feeds and e-invoicing handled in the same place without paying up front, since a free plan is offered and the free trial runs 15 days. Paid entry starts at €7, which is low for the category, though help is limited to help centre.

Key facts

Best for
Small businesses wanting a free accounting plan with bank feeds and e-invoicing already handled.
Price from
€7 (Source, checked September 26, 2026)
Free plan
Yes (Source, checked September 26, 2026)
Free trial length
15 days (Source, checked September 26, 2026)
Local compliance
E-invoicing (Source, checked September 26, 2026)
Users included
1 (Source, checked September 26, 2026)
Bank feeds
Yes (Source, checked September 26, 2026)
Platforms
iOS (Source, checked September 26, 2026)
Support channels
Help-centre (Source, checked September 26, 2026)
Audience
Small business
Pricing model
Free plan, Free trial
Official website
pennylane.com

Apps and profiles

Get the app
App Store

Pros and cons

Pros

  • A free plan is offered, so invoicing and bookkeeping can start at no cost.
  • Entry pricing of €7 ranks 38 of 200 brands on price.
  • Bank feeds are included, which 96% of the brands compared also offer.
  • Local compliance covers e-invoicing, the norm at 93.5% of brands tracked.

Cons

  • Support runs on help centre only, with no phone, chat or email channel listed for the plans.
  • The entry plan includes 1 user, so a second seat changes the price.
  • The free trial of 15 days is short; the site median trial is 14 days.
Pennylane

Ready to try Pennylane?

Scored 9.0 / 10 by ForgeCue.

Who it suits

  • Micro businesses that need invoices, bank feeds and e-invoicing from a free plan.
  • Solo traders working alone, since the entry plan includes 1 user.
  • Self-service users comfortable with a help centre rather than live help.

Who should look elsewhere

  • Qonto, if you want wider support options than a help centre at a similar entry price of €9.
  • Accountable, if its entry price of €9.90 suits your budget better than Pennylane's €7.
  • Billy, if you would rather weigh an entry price of DKK 160 denominated in Danish kroner.

How Pennylane compares

Frequently asked questions

How much does Pennylane cost to get started?+

Paid entry pricing starts at €7, below the site median entry price of €13.15. A free plan is offered, so a first account costs nothing. Anyone who wants a paid tier first can use the free trial, which runs 15 days.

Does Pennylane offer a free plan?+

Yes. A free plan is offered, and a free trial is also part of the model. Bank feeds come with it and local compliance covers e-invoicing, so core invoicing does not need a paid tier. Paid entry pricing starts at €7 once you outgrow the free setup.

How long is the Pennylane free trial?+

The free trial runs 15 days, and the median trial across the brands compared is 14 days. On trial length Pennylane sits at 78 out of 166 brands, so plan for a short evaluation rather than a long one.

What support does Pennylane give?+

Support runs on help centre only, with no phone, chat or email channel listed for the plans. That suits people happy to search on their own, and suits less well anyone who wants to call or write to a person. Neither the free plan nor the 15 day trial widens it.

Who is Pennylane aimed at?+

The stated audience is small business, and the free plan makes the first step cheap for a micro business. Bank feeds and e-invoicing are both covered, which suits a sole trader billing clients from the start. The entry plan includes 1 user, so check seats early if more people need access.

Does Pennylane handle e-invoicing?+

Local compliance covers e invoicing, the most common compliance item in the set at 93.5% of brands tracked. Bank feeds feed the same workflow, and a free plan is offered, so compliant invoicing can start before any payment is made.

Can I use Pennylane on a phone?+

The listed platform is ios, so the mobile app is published in the iOS app store. Bank feeds and the free plan are part of the same package, so mobile access does not require a paid tier. E-invoicing compliance is handled inside the product as well.

How does Pennylane's price compare?+

Entry pricing of €7 ranks 38 of 200 brands, with the category median at €16.66. Against the alternatives, Qonto starts at €9, Accountable at €9.90 and Billy at DKK 160, so the free plan is the lowest-cost way to try Pennylane.

Sources

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Pennylane

Pennylane

Small businesses wanting a free accounting plan with bank feeds and e-invoicing already handled.

9.0/10Visit