Compound vs PocketSmith
The short answer: PocketSmith is a budgeting and cash-flow forecasting app with bank feeds: it is excellent at "where does my money go, and what will my accounts look like?". Compound is a wealth tracker: property, super, shares, crypto and business across your entities, projected to the year you could reach financial independence. Budget first: PocketSmith. Wealth first: Compound.
We make Compound, so read this knowing that. Every fact about PocketSmith below is from its own public pages as at the date above (sources at the bottom), and anything we could not confirm is left out rather than guessed. If something has changed, tell us and we will fix it.
Side by side
| Compound | PocketSmith | |
|---|---|---|
| Price | A$149/year or A$14.99/month; 7 free days, no card needed | Free plan; paid plans for bank feeds and longer forecasts (see their pricing page) |
| Free plan | No free plan | Yes (manual entry, no bank feeds) |
| Bank connections | No bank logins: manual-first, with bank-statement import (CSV, Excel, PDF) | Yes: bank feeds, including Australian open banking (CDR) |
| Financial-independence projection | Yes: your "Freedom Year", with Australian tax, CGT and super access modelled | Cash-flow forecasting (up to 60 years on higher plans) |
| Budgeting | Yes: income, spending and monthly surplus | Yes, its specialty: calendar-based budgets |
| Platforms | Web, iOS, Android | Web, iOS, Android |
| Made in | Australia (Sabea Tech Pty Ltd) | New Zealand |
Where PocketSmith is the better choice
- Automatic bank feeds and transaction-level budgeting.
- Calendar-based budgets and long-range cash-flow forecasting of your accounts.
- A free plan.
Where Compound is the better choice
- Wealth, not just accounts: property with loans, offsets and usable equity; super modelled as locked until 60; live share and crypto prices.
- Trusts, companies and SMSFs, each on its own or combined.
- A financial-independence year built on Australian tax and super rules, not a cash-flow line.
- Tax time: an EOFY pack per entity for your accountant.
Which should you pick?
If budgeting and day-to-day cash flow are the job, PocketSmith is the stronger tool.
If most of your net worth is in property, super and investments, and you want to know when it could fund your life, pick Compound.
Common questions
Does Compound have bank feeds like PocketSmith?
No. Compound is manual-first and never asks for bank logins: listed holdings update from market prices, and you can import bank statements (CSV, Excel or PDF). PocketSmith is the better pick if automatic bank feeds matter most to you.
Can PocketSmith track my net worth?
Yes, PocketSmith tracks a net worth figure across your accounts and assets. Compound goes deeper on the asset side (property, super, entities) and projects forward to a financial-independence year.
Sources for PocketSmith, checked 7 October 2026: www.pocketsmith.com/, www.pocketsmith.com/news/264-progress-on-open-banking-feeds-in-australia-via-ba/. Compound’s own details: pricing, features.
See your own numbers in Compound
Property, super, shares, cash, crypto and business in one view, and the year your investments could fund your life. 7 free days, no card needed.
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