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APIs · head to head

Formance vs Plane

Formance logo

Formance

APIs

Open source double-entry ledger and payment orchestration for money-moving software

From
Free
Rated
-
Full reviewWebsite
Plane logo

Plane

Technology

Open-source project management tool

From
Free
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Formance formance holds no money and provides no regulatory cover, so it must be paired with a payments provider or bank, and buyers occasionally mistake a ledger for a treasury system and discover the gap late.; Plane self-hosted Community edition requires managing your own Docker/Kubernetes infra plus your own PostgreSQL, Redis, and S3-compatible/GCS/MinIO storage; no single-binary install
  • They diverge on capability: Formance covers Double-entry ledger, Plane covers Issue tracking.
  • Prices and features above were last checked on 31 August 2026.

Where they differ

Only the attributes on which Formance and Plane actually diverge.

Attributes where Formance and Plane differ
AttributeFormancePlane
Pricing modelOpen source, no licence feefreemium
PlatformsLinux, Docker, Kubernetes, Web, APIWeb, iOS, Android, macOS, Windows
CategoryAPIsTechnology
FoundedUnknown2022

Identical on both: starting price (Free), free tier (Yes), user rating (Not yet rated).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Formance

  • Double-entry ledger
  • Numscript transaction DSL
  • Multi-currency
  • Payments connectivity
  • Reconciliation
  • Cloud offering
  • API and SDKs

Only in Plane

  • Issue tracking
  • Cycles (Sprints)
  • Modules
  • Views & layouts
  • Pages (Docs)
  • Analytics
  • API access
  • Webhooks

Both cover

  • Self-hosted deployment

What people use each for

The jobs each tool is most often brought in to do.

Formance

  • A marketplace splitting a single customer payment between seller, platform fee and tax that needs the split to be atomic and auditablenot Plane
  • A fintech whose homegrown balances table produced numbers finance could not reconcile and now needs proper double-entry before an auditnot Plane
  • A payments team that wants one normalised model across several PSPs so reconciliation is not written separately for eachnot Plane
  • A company that wants its ledger under a licence it can keep running even if the vendor disappearsnot Plane

Plane

  • Project and task management with cycles, modules, epics, and initiativesnot Formance
  • Documentation and knowledge management via workspace wiki tied to project worknot Formance
  • Sprint planning and issue triagenot Formance
  • Cross-functional collaboration with analytics and dashboardsnot Formance
  • Migration target from Jira, Linear, Monday, ClickUp, or Asananot Formance

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Formance

  • Formance holds no money and provides no regulatory cover, so it must be paired with a payments provider or bank, and buyers occasionally mistake a ledger for a treasury system and discover the gap late.
  • Numscript is a domain-specific language your team must learn, and while it makes complex splits expressible it also means transaction logic sits outside the languages your engineers already debug well.
  • Self-hosting a ledger that must never lose or duplicate a transaction is a serious operational commitment covering backups, upgrades and Postgres tuning, which is real cost the zero licence fee hides.
  • Enterprise pricing is not published, so the difference between the free path and the supported path cannot be evaluated without a sales conversation.
  • The company is much smaller than the incumbent alternatives, and while the MIT licence protects the code it does not protect the roadmap, so features on the hosted side may arrive slowly or change direction.

Plane

  • Self-hosted Community edition requires managing your own Docker/Kubernetes infra plus your own PostgreSQL, Redis, and S3-compatible/GCS/MinIO storage; no single-binary install
  • Cloud Free tier caps at 12 users and 500 AI credits per seat per month
  • Substantial feature gating by tier: custom work item types, workspace wiki, time tracking, dashboards, initiatives, teamspaces, and integrations require Pro or above; LDAP, granular access control, and multi-workflow approvals require Enterprise Grid
  • Guest-to-paid-member ratio capped at 1:5 on the Pro plan

Pricing, plan by plan

Formance

Free
  • Open SourceFree
    • MIT licensed core ledger
    • Numscript transaction DSL
    • Multi-currency tracking
  • Enterprise$undefined/year
    • Managed or private deployment
    • Payments connectivity and reconciliation
    • Support with response commitments

Plane

Free
  • FreeFree
    • 500 AI credits per seat
    • Max 12 users
    • Unlimited projects
  • Pro$6/seat per month
    • 1,000 AI credits per seat
    • Unlimited users
    • Custom work item types
  • Business$13/seat per month
    • 2,000 AI credits per seat
    • Unlimited users
    • Project templates, recurring work items
  • Enterprise Grid$null/mo
    • Flexible AI credit allocation
    • Private deployments
    • Granular access control

Which should you pick?

Choose Formance if

  • You need double-entry ledger.
  • You want to start without paying.
  • You work on Linux, Docker, Kubernetes, Web, API.
  • You also want numscript transaction dsl.
Formance review

Choose Plane if

  • You need issue tracking.
  • You want to start without paying.
  • You work on Web, iOS, Android, macOS, Windows.
  • You also want cycles (sprints).
Plane review

Questions people ask

Is Formance or Plane better?
Neither clearly leads. Formance starts at Free and Plane at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Formance or Plane?
Formance starts at Free and Plane at Free.
Does Formance or Plane run on more platforms?
Formance runs on Linux, Docker, Kubernetes, Web, API. Plane runs on Web, iOS, Android, macOS, Windows.
Can I use Formance for free?
Both have a free tier, so you can try either at no cost before committing.
What is Formance best used for?
Formance is most often used for a marketplace splitting a single customer payment between seller, platform fee and tax that needs the split to be atomic and auditable, a fintech whose homegrown balances table produced numbers finance could not reconcile and now needs proper double-entry before an audit, a payments team that wants one normalised model across several psps so reconciliation is not written separately for each, a company that wants its ledger under a licence it can keep running even if the vendor disappears. Of those, a marketplace splitting a single customer payment between seller, platform fee and tax that needs the split to be atomic and auditable and a fintech whose homegrown balances table produced numbers finance could not reconcile and now needs proper double-entry before an audit are not what Plane is typically brought in for.
What can Formance do that Plane cannot?
Formance covers Double-entry ledger, Numscript transaction DSL, Multi-currency, Payments connectivity. Plane covers Issue tracking, Cycles (Sprints), Modules, Views & layouts. Both handle Self-hosted deployment.

Answered from the vendors’ own pages

Formance: Is Formance really open source?

Yes. The core ledger is MIT licensed with full source access and no deployment restrictions.

Plane: Does Plane offer a free plan?

Yes, Plane's free tier includes 500 AI credits per seat, support for up to 12 users, and access to projects, work items, cycles, modules, layouts, views, estimates, and pages.

Source
Formance: Does Formance move money?

No. It records and orchestrates movements; the actual payments happen at a PSP or bank you connect.

Plane: How much does Plane Pro cost?

Plane Pro costs $6/seat per month and saves 25% when billed annually. It includes 1,000 AI credits per seat, unlimited users, and access to custom work item types, wiki, time tracking, and integrations.

Source
Formance: What does the enterprise version cost?

Not published. It is an annual subscription quoted per customer.

Plane: What is the difference between Plane's paid tiers?

Pro ($6/seat/month) includes 1,000 AI credits and workspace wiki. Business ($13/seat/month) adds 2,000 AI credits, project templates, and recurring work items. Enterprise Grid offers custom pricing with multiple workflows and LDAP support.

Source
Formance: Do I have to use Numscript?

Yes for anything beyond the simplest transfers. It is how multi-party transactions are expressed atomically.

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