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Software · head to head

Empower vs QuickBooks

Empower logo

Empower

Software

All your finances. One app.

From
$29/month
Rated
-
Full reviewWebsite
QuickBooks logo

QuickBooks

Software

Smart, simple online accounting software for small business

From
$30/month
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Empower empower's managed advisory tiers require a minimum of $100,000 in investable assets for Personal Strategy and $1,000,000 for Private Client, with exact advisory fee percentages deferred to the Form ADV filing rather than published on the site.; QuickBooks chart of Accounts is capped on every QuickBooks Online tier except Advanced; Simple Start, Essentials and Plus all have a limited entry count
  • They diverge on capability: Empower covers Net worth tracking, QuickBooks covers Income & expense tracking.

Where they differ

Only the attributes on which Empower and QuickBooks actually diverge.

Attributes where Empower and QuickBooks differ
AttributeEmpowerQuickBooks
Starting price$29/month$30/month
Pricing modelfreemiumsubscription
PlatformsWeb, Ios, AndroidWeb, Ios, Android, Api
Founded20091983

Identical on both: free tier (No), user rating (Not yet rated), category (Unknown).

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 QuickBooks

  • Income & expense tracking
  • Invoicing
  • Payment processing
  • Financial reporting
  • Tax preparation
  • Bank reconciliation
  • Bill management
  • Mobile apps

Both cover

  • Bank-level encryption

What people use each for

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

Empower

  • Wealth trackingnot QuickBooks
  • Retirement planningnot QuickBooks
  • Investment analysisnot QuickBooks

QuickBooks

  • Bookkeepingnot Empower
  • Invoicingnot Empower
  • Expense trackingnot Empower
  • Financial reportingnot Empower
  • Tax preparationnot Empower

Where each one falls short

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

Empower

  • Empower's managed advisory tiers require a minimum of $100,000 in investable assets for Personal Strategy and $1,000,000 for Private Client, with exact advisory fee percentages deferred to the Form ADV filing rather than published on the site.

QuickBooks

  • Chart of Accounts is capped on every QuickBooks Online tier except Advanced; Simple Start, Essentials and Plus all have a limited entry count
  • Even the top Advanced tier caps bulk invoice uploads at 1,000 transaction lines per batch
  • Payroll is a separate paid add-on billed per employee per month (USD 6 to 10 depending on plan) on top of the base subscription

Pricing, plan by plan

Empower

$29/month
  • Free ToolsFree
    • Net worth tracking
    • Cash flow
    • Investment checkup
  • Wealth ManagementFree
    • 0.89% AUM fee
    • Dedicated advisor
    • Tax optimization

QuickBooks

$30/month
  • Simple Start$30/month
    • Income & expense tracking
    • Invoice & payments
    • Tax deductions
  • Essentials$60/month
    • Everything in Simple Start
    • Bill management
    • Time tracking
  • Plus$90/month
    • Everything in Essentials
    • Inventory tracking
    • Project profitability
  • Advanced$200/month
    • Everything in Plus
    • Dedicated account team
    • 25 users

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 QuickBooks if

  • You need income & expense tracking.
  • You work on Web, Ios, Android, Api.
  • You also want invoicing.
QuickBooks review

Questions people ask

Is Empower or QuickBooks better?
Neither clearly leads. Empower starts at $29/month and QuickBooks at $30/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Empower or QuickBooks?
Empower starts at $29/month and QuickBooks at $30/month.
Does Empower or QuickBooks run on more platforms?
Empower runs on Web, Ios, Android. QuickBooks runs on Web, Ios, Android, Api.
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 QuickBooks is typically brought in for.
What can Empower do that QuickBooks cannot?
Empower covers Net worth tracking, Investment tracking, Retirement planner, Cash flow. QuickBooks covers Income & expense tracking, Invoicing, Payment processing, Financial reporting. Both handle Bank-level encryption.
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