Do you ever feel like your money just disappears?
It’s a common problem.
You need a good system to manage your money, but picking the right tool can be tricky.
Quicken and Expensify are two popular choices, but they do very different things.
So, which one is right for you?
Let’s compare Quicken and Expensify to help you figure out which is the best fit for your financial needs.
Overview
We’ve used both Quicken and Expensify.
We put them through real-world tests.
This helped us see their strengths and weaknesses.
Now, let’s compare them side-by-side.
Join the 62% of Quicken users who achieve their goals faster.
Pricing: It has a free trial. paid plan starts at $5.59/month.
Key Features:
- Budgeting
- Bill Pay
- Investment Tracking
Streamline expenses with Expensify. Join the 10+ million users.
Pricing: It has a free trial. The premium plan starts at $5/month.
Key Features:
- SmartScan Receipt Capture
- Corporate Card Reconciliation
- Advanced Approval Workflows.
What is Quicken?
So, you’re wondering about Quicken?
It’s like a tool that helps you see all your money stuff in one place.
Think of it as your digital money organizer.
It can help you track your bank accounts, bills, and even investments.
Pretty handy, right?
Also, explore our favorite Quicken alternatives…
See how Quicken simplifies your money! Users typically save 2 hours monthly on budgeting. Plus, 85% feel more in control within 3 months.
Key Benefits
Quicken has some really cool things it can do:
- It can connect to over 14,500 financial institutions. That’s a lot of banks!
- You can easily see where your money goes with its spending reports.
- It helps you plan for the future by letting you set budgets.
- You can even track your investments and see how they’re doing.
- It helps you manage your bills and avoid late fees.
Pricing
- Annually Subscription: $24
Pros
Cons
What is Expensify?
Okay, so let’s talk about Expensify.
It’s a tool that helps you keep track of all your business spending.
Think of it like a helper that remembers where your money goes.
It can grab info from your receipts and bank stuff. Pretty handy!
Also, explore our favorite Expensify alternatives…
Ready to ditch the paper clutter and simplify your expense tracking in 2025? Expensify users report saving an average of 2 hours per week.
Key Benefits
- SmartScan accurately captures 95% of receipts.
- Automate corporate card reconciliation, saving 10+ hours monthly.
- Streamline approval workflows for faster reimbursements.
- Integrate with over 7,000 accounting software options.
Pricing
- Free: $0
- Collect: $5
- Control: $9
Pros
Cons
Feature Comparison
Let’s look at what each tool offers.
We’ll compare them feature by feature to see which one fits your needs best.
1. Main Purpose
- Quicken: This tool is built for personal money management. It helps you track all your income and spending in one place. Think of it as your home financial hub.
- Expensify: This tool is for business expense management. It’s designed to help companies and employees track and report expenses easily. It’s less about your personal budget and more about company spending.
2. Expense Tracking
- Quicken: You can connect your bank accounts and credit cards to Quicken. It automatically pulls in your transactions. You can then put them into different categories to see where your money goes.
- Expensify: Expensify shines here. It has a “SmartScan” feature. You just take a picture of a receipt with your phone, and it reads the details for you. It’s very quick for business trips or daily spending.
3. Budgeting
- Quicken: Quicken is a strong budgeting tool. It can help you set up a budget based on your past spending. You can track how well you stick to your budget and get alerts if you’re spending too much in a certain area.
- Expensify: Budgeting isn’t its main focus. While you can see spending, it’s more about getting expenses approved and reimbursed rather than helping you manage your personal budget limits.
4. Reporting
- Quicken: Quicken offers many different reports. You can see how much you spend on groceries, entertainment, or anything else. It helps you understand your money habits over time.
- Expensify: Expensify creates expense reports, often for reimbursements. These reports are usually simpler and focus on who spent what, when, and for what business reason.
5. Receipt Management
- Quicken: You can attach receipts to transactions in Quicken. This helps you keep a digital record. However, it’s not as automated as Expensify.
- Expensify: This is a key strength. Expensify’s SmartScan is excellent for managing receipts. It makes it very easy to go paperless and ensure all your business expenses have a matching receipt.
6. Investment Tracking
- Quicken: If you have investments like stocks or retirement accounts, Quicken can track them. You can see how your investments are doing and how they fit into your overall financial picture.
- Expensify: Expensify does not offer investment tracking. It’s not built for that kind of personal financial planning.
7. Tax Prep
- Quicken: Quicken can help you prepare for tax time by categorizing income and expenses. Some versions even have features for business tax schedules.
- Expensify: It helps with tax prep for business expenses by keeping good records and reports. However, it doesn’t handle personal tax details like Quicken can.
What to look for when choosing an Accounting Software?
Here are some extra things to think about:
- Scalability: Can the software grow with your business?
- Support: What kind of help is available if you have questions?
- Ease of Use: Is it something you and your team can learn quickly?
- Specific Needs: Does it handle the unique things your business does?
- Security: How safe is your financial data with this software?
Final Verdict (Our Pick)
So, Quicken or Expensify?
The choice is simple. It depends on your needs.
For managing your personal money, budgeting for your home, and tracking investments, Quicken is our pick.
It’s made for your own finances.
But if you run a business or need to track work expenses, Expensify is better.
Its receipt scanning and reporting are great for business.
We’ve tested both.
You can trust our advice for your money.
More of Quicken
- Quicken vs Puzzle IO: Puzzle IO focuses on inventory and e-commerce, while Quicken is personal finance with some business tools.
- Quicken vs Dext: Dext automates receipt and invoice data capture; Quicken’s document handling is less specialized.
- Quicken vs Synder: Synder syncs multi-channel sales with accounting; Quicken lacks this e-commerce focus.
- Quicken vs Easy Month End: Easy Month End streamlines financial closing, while Quicken doesn’t target this specific process.
- Quicken vs Docyt: Docyt uses AI for financial data; Quicken’s data extraction is more manual.
- Quicken vs Wave: Wave offers free basic business accounting; Quicken’s business features are in paid tiers.
- Quicken vs Hubdoc: Hubdoc automates financial document collection; Quicken’s document handling is manual.
- Quicken vs QuickBooks: QuickBooks is designed for small business accounting; Quicken is primarily personal.
- Quicken vs AutoEntry: AutoEntry automates data entry from financial documents; Quicken lacks this automation.
- Quicken vs FreshBooks: FreshBooks targets service-based business invoicing; Quicken’s invoicing is basic.
- Quicken vs NetSuite: NetSuite is a comprehensive ERP for large businesses, while Quicken is for personal/small use.
More of Expensify
- Expensify vs Puzzle IO: Puzzle IO focuses on advanced AI automation for financial data analysis.
- Expensify vs Dext: Dext excels at data entry automation and pre-accounting document collection.
- Expensify vs Xero: Xero is a full cloud accounting solution offering broad financial management.
- Expensify vs Synder: Synder specializes in reconciliation for e-commerce and payment platforms.
- Expensify vs Easy Month End: Easy Month End is built to streamline the month-end close process.
- Expensify vs RefreshMe: RefreshMe focuses on employee recognition and engagement, not direct accounting.
- Expensify vs Sage: Sage offers a wide range of accounting features for diverse business needs.
- Expensify vs Zoho Books: Zoho Books provides a comprehensive yet affordable financial management suite.
- Expensify vs Hubdoc: Hubdoc automates document collection and data entry for easy syncing.
- Expensify vs QuickBooks: QuickBooks is a popular all-in-one accounting solution for small businesses.
- Expensify vs AutoEntry: AutoEntry specializes in automated data entry from various financial documents.
- Expensify vs FreshBooks: FreshBooks is ideal for invoicing, time tracking, and project management.
- Expensify vs NetSuite: NetSuite is a powerful ERP system for large-scale financial management.
Frequently Asked Questions
Can Quicken create an invoice?
Yes, Quicken (especially Quicken Home & Business) can create and track an invoice. It helps you manage payments from clients and keep professional records for your business.
How do user reviews compare for Expensify vs Quicken?
User reviews generally praise Expensify for its excellent receipt scanning and ease of use for business expenses. Quicken users appreciate its comprehensive personal finance features, though some mention occasional software issues.
Is Expensify good for managing vendors?
Expensify is primarily for expense reporting, not full vendor management. While you can track payments to vendors, it doesn’t offer robust tools for managing vendor relationships or purchase orders directly.
What is the typical ranking of Expensify in expense software?
Expensify often holds a high ranking among expense management software. It’s well-regarded for its automation and ease of use, especially for businesses needing quick expense tracking and reimbursements.
Is there a clear winner when comparing Expensify vs Quicken?
The “winner” in Expensify vs Quicken depends on your needs. Quicken is ideal for personal finance and budgeting. Expensify is best for business expense tracking and reporting.
