Shlomi Lavi / Oct 17, 2022We publish unbiased reviews. Our opinions are our own and are not influenced by payments from advertisers. This content is reader-supported, which means if you leave your details with us we may earn a commission. Learn why ITQlick is free .
Penny is more expensive to implement (TCO) than Shoeboxed, and Shoeboxed is rated higher (85/100) than Penny (56/100). Shoeboxed offers users more features (5) than Penny (0). There is a clear winner in this case and it is Shoeboxed!
Looking for the right Expense Management solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:
Shoeboxed : Shoeboxed is the easiest way to streamline accounting, bookkeeping and tax prep, allowing users to spend less time on paperwork and more time doing what they love.Go paperless and send us documents in one of our prepaid envelopes, through our free online and desktop uploaders, via email or with one of our free mobile apps.Your data is secured by SS...
TKS Solutions: Investor accounting is hard. We know, because we've done it for over two decades. It is definitely NOT something you want to do with a spreadsheet. Our accounting software, Penny®, is tailored for the needs of hedge fund back-offices, fund administrators, investment management companies, private equity partnerships, and family office wealth man...
The real total cost of ownership (TCO) of Expense Management software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for Shoeboxed and Penny.
Shoeboxed price starts at $18 per month , On a scale between 1 to 10 Shoeboxed is rated 2, which is much lower than the average cost of Expense Management software. Penny accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 Shoeboxed is rated 2, which is much lower than the average cost of Expense Management software.
Bottom line: Penny is more expensive than Shoeboxed.
We've compared Shoeboxed Vs. Penny based on some of the most important and required Expense Management features.
Shoeboxed: Tax compliance, Core Accounting, Accounting & Finance, Document Management, Expense Management.
Penny: We are still working to collect the list of features for Penny.
The software is most suitable for small businesses and is equipped enough to regulate all the financial issues of small business managers. Customers of the software include small and medium businesses as well as large enterprises.
starts at $18 per month
The fastest way to turn a pile of receipts into digital data for effortless expense reporting, accounting, bookkeeping, and tax preparation.send Shoeboxed your receipts, business cards, bills and other document...
Compare Pricing
Penny is a fund accounting software solution for businesses of all sizes. It manages budgeting and forecasting and also offers such services as customizable reporting, integration, and others. The softw...
Compare Pricing| ITQlick Score: | 85/100 |
|---|---|
| ITQlick Rating: |
|
| Pricing: | 2/10 - low cost |
| Category: | Expense Management -> Shoeboxed review |
| Company: | Shoeboxed |
| Pricing: | starts at $18 per month |
| Typical customers: | Small businesses and start ups |
| Platforms: | Desktop, Mobile, Cloud |
| Links: | Shoeboxed review, Shoeboxed pricing, Shoeboxed alternatives |
| ITQlick Score: | 56/100 |
|---|---|
| ITQlick Rating: |
|
| Pricing: | 4/10 - average cost |
| Category: | Expense Management -> Penny review |
| Company: | TKS Solutions |
| Typical customers: | Small, medium and large size businesses |
| Platforms: | Desktop |
| Links: | Penny review, Penny pricing, Penny alternatives |
Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.