---
url: https://byoxon.com/blog/byoxon-vs-paymo/
title: "Byoxon vs. Paymo: Full Project-Financials View vs. Combined Invoicing-and-Timer Tool"
description: "Compare Byoxon (BoB) and Paymo on 2026 pricing. Paymo tracks profit per project on Plus/Pro; Byoxon rolls every project into one live company-wide P&L."
type: blog-post
category: Product Comparison
author: Slava Khristich
published: 2026-09-28
modified: 2026-09-29
read_time: 6 min
---

# Byoxon vs. Paymo: Full Project-Financials View vs. Combined Invoicing-and-Timer Tool

*This article compares Byoxon (BoB) and Paymo side by side, explaining the gap between per-project profitability tracking and a live, portfolio-wide profit-and-loss view. It covers current 2026 pricing for both tools and shows which model fits teams that need margin visibility across every client, not just one project at a time.*

- Paymo's Plus and Pro plans include a per-project profitability report (cost, income and profit for one job at a time). Byoxon rolls every project into one live, company-wide P&L.
- Paymo is cheaper per seat. A ten-person team costs about $109 a month on Paymo Plus at the promo rate ($159 at the standard rate) and about $249.50 on Byoxon. The gap buys Byoxon's CRM, HR and company-wide P&L.
- Paymo is the better pick for a small agency that wants fast setup and per-project profit without CRM or HR.

## Byoxon vs Paymo at a glance

| Capability | BoB (Byoxon) | Paymo |
| --- | --- | --- |
| Entry price | $24.95/user/month (1-10 users) | $5.90/user/month (Solo, 1 user, promo rate then $9.90) |
| Team plan with profitability | Included on every paid tier | Plus, $10.90/user/month (promo rate then $15.90) |
| Highest published tier | $15.95/user/month (200+ users) | Pro, $16.90/user/month (promo rate then $23.90) |
| Free plan | Up to 5 users, no feature limitations | 1 user, time tracking and unlimited invoices |
| Usage-based fees | No, price is per user only | No, storage caps rise by tier (50GB on Plus, 500GB on Pro) |
| Time tracking | Manual entry and automated timers | Built-in timer, desktop and mobile apps |
| Invoicing and payments | Included | Included (Stripe, PayPal, Authorize.net, 85+ currencies) |
| Profitability reporting | Included on every paid tier: real-time P&L across all projects and clients | Plus and Pro only, per-project cost/income/profit breakdown |
| Resource scheduling | Included | Pro only: employee scheduling, workload, leave management |
| CRM / deal pipeline | Built-in CRM with pipeline stages and deal tracking | Not included |
| HR, PTO, recruitment | Employee profiles, PTO requests, recruitment, vendor management | Leave management only, on Pro |
| Best fit | Teams that want company-wide margin visibility in one system | Small agencies that want fast setup and per-project profit tracking |

## Where the two tools start from a different question

Paymo's profitability report answers "how did this one project do?" Open a project on Plus or Pro, and Paymo shows tracked time, cost rates, income, and a profit margin for that job. It is a genuine P&L view, not a vanity metric, and for a team running two or three active projects it is often enough.

Byoxon's BeOnBoard starts from a different question: "how is the whole business doing, right now, across every client?" Because time tracking, HR pay data, and the CRM pipeline sit in one system, BoB rolls per-project margins up into a live, company-wide P&L. A manager does not open each project to check its number; the portfolio view is the default screen.

This matters most once a team passes five or six concurrent projects. At larger scale, the question shifts from "is this project healthy" to "which three projects are quietly losing money while the rest carry them," and that question needs a cross-project view by design.

## The Byoxon angle: a full financial view, not a combined invoicing-and-timer tool

To be fair to Paymo, calling it "just" an invoicing-and-timer tool undersells it. Its Plus and Pro tiers do carry real profitability reporting, task dependencies, Gantt charts, and even employee scheduling. Paymo is a genuine project management platform, not a bare timer.

The real gap is depth and scope, not the presence or absence of a feature. Paymo's profitability numbers come from project cost rates you set manually. Byoxon's margin figures come from the same salary, bonus, and PTO records that run payroll planning, so labor cost is accurate without a second data-entry step. Paymo has no CRM, so a deal's expected value never connects to the delivery team's cost of doing the work; Byoxon keeps the pipeline and the delivery cost in the same system.

For a two-person freelance shop, none of this matters, and Paymo's Solo or Free plan is the cheaper, faster answer. For a services team scaling past ten billable people and starting to run HR, sales, and delivery as connected functions, that is the gap Byoxon is built to close.

**Start free with up to 5 users — no feature limits.** [Try BoB free](https://byoxon.co/register)

## Pricing in detail

Paymo's published 2026 tiers, per user per month, billed monthly:

- **Free**: $0, 1 user. Time tracking, unlimited invoices, task list view.
- **Solo**: promo $5.90, then $9.90. 1 user. Flat and retainer projects, calendar and kanban views, guest access.
- **Plus**: promo $10.90, then $15.90. Unlimited users. Project profitability, recurring invoices, estimates, expense tracking, 50GB storage.
- **Pro**: promo $16.90, then $23.90. Unlimited users. Gantt charts, task dependencies, employee scheduling and workload, leave management, timesheet approvals, 500GB storage.

Byoxon's BeOnBoard uses one paid tier structure that scales down per user as headcount grows, from $24.95/user/month at 1-10 users to $15.95/user/month at 200+ users, with no separate module to unlock profitability reporting, CRM, or HR. The free plan covers up to 5 users with no feature limits.

For a ten-person team on Paymo Plus at the promo rate, that is roughly $109/month; at the standard rate, roughly $159/month. The same ten-person team on Byoxon runs about $249.50/month. Paymo is meaningfully cheaper at this size. The gap buys Byoxon's CRM, HR, and company-wide P&L; whether that is worth it depends on whether those functions currently live in separate tools you are paying for anyway.

## Where Paymo is the better choice

Paymo is the right pick for a small agency or freelance team that wants fast setup, a lower entry price, and per-project profitability without needing a CRM or HR module. Its Gantt charts, task dependencies, and employee scheduling on Pro make it a genuinely capable project management tool. If your business runs two to five projects at a time and your CRM and HR needs are already met elsewhere, Paymo's lower cost and simpler setup are a real advantage.

## Frequently asked questions

### Does Paymo have project profitability reporting?

Yes. Paymo's Plus and Pro plans include a project profitability report showing cost, income, and profit margin per project, built from time tracked against cost rates you set. It is a per-project view, not a company-wide rollup.

### Does Byoxon cost more than Paymo?

Per user, yes. Byoxon starts at $24.95/user/month versus Paymo's $15.90-$23.90/user/month standard rates on Plus and Pro. Byoxon includes CRM, HR, and company-wide profitability reporting on every paid tier, which Paymo does not offer at any price.

### Can I track employee cost and PTO in Paymo?

Paymo's Pro plan includes employee scheduling, workload views, and leave management. It does not include a full HR module, recruitment tracking, or vendor management, all of which are part of Byoxon's HR functions.

### Which tool is easier to set up for a small team?

Paymo is generally faster to set up for a small team, since its interface is narrower in scope and its Free and Solo plans need no configuration of HR or CRM modules. Byoxon's setup takes longer because it configures more of the business in one place.

### Does either tool charge based on usage instead of seats?

No. Both Byoxon and Paymo price per user per month with no usage-based add-on fees for invoices, projects, or clients. Paymo's paid tiers do cap file storage, at 50GB on Plus and 500GB on Pro.

## Related

- [Byoxon vs. Clockify](https://byoxon.com/blog/byoxon-vs-clockify.md)
- [Byoxon vs. Harvest](https://byoxon.com/blog/byoxon-vs-harvest.md)
- [Byoxon vs. Toggl Track](https://byoxon.com/blog/byoxon-vs-toggl-track.md)
- [Byoxon vs. Hello Bonsai](https://byoxon.com/blog/byoxon-vs-hello-bonsai.md)