Comparison

FastPayroll vs Anchor Billing & Collections

Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.

Head to head
About

FastPayroll

Read full description

FastPayroll Mobile offers a streamlined solution for your payroll needs, ensuring accuracy and efficiency every time! Access your data whenever and wherever you need! Use your existing FastPayroll username and password to stay connected. Please note that some features must be enabled by your organization’s administrator. If you have questions about these features, please contact your HR department. Employees: * View your current and previous pay stubs * View your W2 * Request time off * Submit your timesheet * View & update ACH bank information * View & update federal form W4 * View login history * Upload a profile picture * Download, save and send W2s and pay stubs * View & edit your personal information * Submit expense reimbursements with attachments * Submit mileage reimbursements * Record business credit card transactions with attachments * View dashboard alerts Managers & Administrators: * Approve time off requests * Approve personnel changes * Approve expense & mileage reimbursements * Approve business credit card transactions * View dashboard alerts for pending requests

About

Anchor Billing & Collections

This platform automates the entire billing and collections process for professional service firms. It streamlines proposal creation, client agreement management, invoicing, and payment collection, integrating seamlessly with accounting software.

Highlights
  • Branded proposal and agreement creation
  • Client signature and payment method capture
  • Automated invoicing based on agreements
  • ACH and card payment collection
  • Automated payment reminders
  • Client portal for documents and payments
  • Revenue and pipeline tracking dashboard
Read full description

Anchor is an autonomous billing and collections platform for accounting, bookkeeping, tax, and professional service firms. Anchor connects proposals, agreements, invoicing, payment collection, and reconciliation into one workflow. The mobile app has full feature parity with the web platform, so you can run your firm from your phone. PROPOSAL-TO-PAID IN ONE FLOW Send an interactive proposal. Your client signs and connects a payment method in the same step. From there, invoices go out on the terms you agreed to and payments come in without manual follow-up. AGREEMENT-FIRST BILLING The agreement carries the billing plan inside it. When scope, terms, or pricing change, you update the agreement and the invoices follow. No new contract. No rework. WHAT YOU CAN DO - Build and send branded proposals and engagement agreements - Let clients sign and add ACH or card details in one step - Send invoices that match the signed agreement - Collect payments by ACH or card without manual chasing - Send reminders for pending proposals, invoices, and payments - Give clients a portal for agreements, invoices, and payment methods - Track revenue, proposal pipeline, and payouts on your dashboard - Reconcile payments with your accounting system WORKS WITH YOUR STACK Anchor syncs with QuickBooks Online and Xero. It connects to practice tools you already use, including Karbon, Keeper, Client Hub, Financial Cents, and monday.com. It also connects with HubSpot, Levvy, and Zapier. SIMPLE PRICING No monthly subscription. No per-seat fees. You pay $5 per payment received. ACH is free for both you and your clients. Credit card fees default to the client, so they choose how they want to pay. BUILT FOR FIRMS Anchor is made for firm owners, managing partners, practice managers, and the people who own billing and collections at their firm. Trusted by thousands of accounting and professional service firms nationwide. Rated 4.9 on G2 and 5.0 on Capterra.

Screenshots

FastPayroll4 screens
Anchor Billing & Collections4 screens

Verdict

The call

The clearest difference is update cadence: Anchor Billing & Collections at weekly against FastPayroll's every 3 weeks. FastPayroll's advantage is iOS requirement (15.0 vs 17.4). On price, ads, in-app purchases and device support there is nothing between them.

Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS

CostPrice · In-app purchases · Ads · Monetization

Both are free to download. Neither carries in-app purchases, so what you see is what you pay.

UpkeepUpdate frequency

FastPayroll ships an update every 3 weeks, Anchor Billing & Collections weekly. The most recent releases landed on November 4, 2026 and November 5, 2026 respectively.

Scorecard2 real differences · 8 level
FastPayroll versus Anchor Billing & Collections: the parameters behind the verdict, then further details
ParameterFastPayrollAnchor Billing & Collections
PriceFreeFree
Rating—5.0 (8 ratings) — better
Positive reviews—100.0% of reviews
Number of ratings—8 — better
Update frequencyEvery 3 weeksWeekly — better
AdsNoNo
In-app purchasesNoNo
Monetization—Free with in-app purchases
DevicesiPhone, iPod — betteriPhone
Requires iOS15.0 — better17.4
Further details — not scored
Size22 MB46 MB
Age rating4+4+
DeveloperON-LINE TAXES INC.ANCHOR GROUP INC

In-app purchases

None

FastPayroll

No in-app purchases

None

Anchor Billing & Collections

No in-app purchases

Questions

Is FastPayroll free?
FastPayroll is free to download, with no in-app purchases.
Is Anchor Billing & Collections free?
Anchor Billing & Collections is free to download, with no in-app purchases.
Do FastPayroll or Anchor Billing & Collections have ads?
Neither FastPayroll nor Anchor Billing & Collections shows ads.
Which is updated more often, FastPayroll or Anchor Billing & Collections?
FastPayroll ships an update every 3 weeks, and Anchor Billing & Collections weekly. Most recently, FastPayroll was updated on November 4, 2026 and Anchor Billing & Collections on November 5, 2026.

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