Softwr

Accounting · head to head

Empower vs Lexware

Empower logo

Empower

Accounting

All your finances. One app.

From
On request
Rated
-
Full reviewWebsite
Lexware logo

Lexware

Accounting

Accounting and invoicing software for German small businesses and freelancers

From
Free
Rated
-
Full reviewWebsite

The short version

  • Only Lexware has a free tier, so it costs nothing to try first.
  • Each has a real cost: Empower specific advisory fees not published; Form ADV consultation required; Lexware 50% discount only applies for first 3 months
  • Prices and features above were last checked on 30 August 2026.

Where they differ

Only the attributes on which Empower and Lexware actually diverge.

Attributes where Empower and Lexware differ
AttributeEmpowerLexware
Starting priceOn requestFree
Pricing modelquotesubscription
Free tierNoYes
PlatformsWeb, Ios, AndroidWeb
Founded2009Unknown

Identical on both: user rating (Not yet rated), category (Accounting).

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 Empower

  • Net worth tracking
  • Investment tracking
  • Retirement planner
  • Cash flow
  • 401k fee analyzer
  • Bank connections
  • Brokerage accounts
  • SOC 2

Only in Lexware

Nothing recorded that Empower does not also cover.

What people use each for

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

Empower

  • Wealth trackingnot Lexware
  • Retirement planningnot Lexware
  • Investment analysisnot Lexware

Lexware

  • German business accountingnot Empower
  • Invoicing and bookkeepingnot Empower

Where each one falls short

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

Empower

  • Specific advisory fees not published; Form ADV consultation required
  • High minimum investment thresholds ($100,000 for Personal Strategy)
  • Detailed fee structure available only in Form ADV documents

Lexware

  • 50% discount only applies for first 3 months
  • Regular prices are double the discounted prices after promotion
  • Pricing is in EUR only

Pricing, plan by plan

Empower

On request

No published plan breakdown. See the Empower review.

Lexware

Free
  • S$3.95/month
    • Belegerfassung und -archiv (Document capture and archive)
  • M$6.45/month
    • Angebote, (E-) Rechnungen und Mahnungen (Offers, invoices, reminders)
  • L$10.95/month
    • Buchhaltung, EÜR und Umsatzsteuer (Accounting, EÜR, sales tax)
  • XL$16.45/month
    • EU- und Abschlagsrechnungen, API (EU invoices, installment invoices, API)

Which should you pick?

Choose Empower if

  • You need net worth tracking.
  • You work on Web, Ios, Android.
  • You also want investment tracking.
Empower review

Choose Lexware if

  • You want to start without paying.
Lexware review

Questions people ask

Is Empower or Lexware better?
Neither clearly leads. Empower starts at On request and Lexware at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Empower or Lexware?
Lexware has a free tier; the other does not. Paid plans start at On request for Empower and Free for Lexware.
Does Empower or Lexware run on more platforms?
Empower runs on Web, Ios, Android. Lexware runs on Web.
Can I use Lexware for free?
Yes. Lexware has a free tier, so you can try it without paying. Empower starts at On request.
What is Empower best used for?
Empower is most often used for wealth tracking, retirement planning, investment analysis. Of those, wealth tracking and retirement planning are not what Lexware is typically brought in for.
What can Empower do that Lexware cannot?
Empower covers Net worth tracking, Investment tracking, Retirement planner, Cash flow.

Answered from the vendors’ own pages

Empower: Does Empower have a minimum investment requirement?

Empower's advisory services require different minimums based on service level. Personal Strategy advisory requires a minimum of $100,000 in investable assets. Private Client services require $1,000,000 or more.

Source
Lexware: How much does Lexware cost?

Lexware pricing ranges from €3.95/month (plan S) to €16.45/month (plan XL) at discounted rates. Regular pricing is €7.90 to €32.90/month. All prices include hosting, backups, updates, and support.

Source
Empower: How are Empower's advisory fees calculated?

Advisory fees are calculated based on the amount of assets being managed under advice. Specific fee rates are not disclosed on the homepage.

Source
Lexware: Is there a current promotional offer?

Yes, Lexware offers 50% discount for the first 3 months on all plans, then regular pricing applies. The billing period is monthly and cancellable anytime.

Source
Empower: Is the high-yield cash account free?

Yes. Empower's high-yield cash account has no account fees and no minimum balance required.

Source
Lexware: Does Lexware offer a free trial?

Yes, Lexware offers a 30-day free trial with full XL features plus Lohn & Gehalt (payroll) access included.

Source
Empower: Are there fees for stock and ETF trading?

Empower offers commission-free trading for stocks and ETFs with low fees.

Source
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