Moneydance Review: Is It Good?
Splits allow one to break down the total paid to a payee into multiple categories. The problem is that whereas every other financial program I've looked at includes the field, Memo, in each split, Moneydance provides the field, Description, instead. When creating a report of expenditures by category, subtotaled by Payee, every description in a split becomes another payee to subtotal. This glaring issue has been commented on Moneydance forums for years, with no result that I know of.
An excellent program with a glaring omission which is a deal breaker for me as I look for a replacement for Quicken on the Mac. Have you found a good replacement for Quicken for Mac? I have been running Quicken on Parallels since I bought my Mac. Now I am being forced to either buy Quicken or move to another personal finance program. Because I have to buy a new program, I would like to find something that works well with Mac, but I do not like Quicken for Mac. I would appreciate your comments about what you found. Thank you. It took a while to customize the checkbook because a few features were not obvious, but I eventually got it to work the way I like.
I only the check register feature. Getting Moneydance to work like Quicken took quite a bit of doing because how to change some of the customizable preferences is not immediately obvious. Making checkbook entries is not quite as efficient as in Quicken, butI have suggested changes to the company and would be surprised if they don't make them. Getting reports can be done more efficiently than in Quicken once you have figured out how to set them up.
Meanwhile, be sure to read the manual about keyboard shortcuts. It covers all of the features you find in Quicken for Mac. Including on line banking, bill paying. Registers mimic the paper ones. It nicely presents your bank accounts, credit cards, investments, assets, liabilities and a calendar for reminders. On line bill paying should be initiated from reminders but are not.
Importing your data from other programs will have to be cleaned up, duplication seems unavoidable. To include the reminders created from your scheduled events in Quicken. Attentive support team at MD. With Intuit dropping Quicken for the Mac community this is the replacement. Some processes could be smoother so with some fine tuning by the developers of MD, over time, we won't miss Intuit for long. I don't have major needs, so while this is not as sophisticated as some and may not have much eye candy, I actually like the simplicity and straight-frowardness of it.
I also love that there is an mobile app, so I can sync with my iPod Touch.
As I mentioned, the level of sophistication is not so developed, though I don't use that, so have not strong critique here. Online support might be better in other programs, too, but I have not had too much need for that. It is great for my daily tracking of finances. I have been using it for a couple of years and have been very happy with it.
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Overview Review User Reviews Specs. What do you need to know about free software? Publisher's Description. From The Infinite Kind: Moneydance is an easy-to-use personal finance manager. User Reviews. Reviews Current version All versions. Sort Date Most helpful Positive rating Negative rating. Pros The major problem in the version with mortgage calculations has been fixed. Cons This version is a huge memory hog. Pros Unexpected flexibility setting up a budget.
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Summary I have no confidence that the tax basis information that was so carefully monitored and recorded in Quicken is correct in Moneydance. Report this post. Pros At this point, none. Without switching banks Money Dance is useless. Cons If you bank with Chase, do not purchase this program.
Altogether, Quicken brings together your budgeting, banking, and investment reporting into a single dashboard, which you can view from your desktop or even via your cell phone from the mobile app. Personal Capital's primary function is to track your investments, assets and savings, rather than specifically looking after your current accounts.
Some Setup Required
Are your assets working for you? Are you on course for a comfortable retirement? What can you do to be better off? Plug everything in and you'll be able to see the big picture of your finances. Personal Capital offers specific advice and statistics based on your goals and your current standing, but access to human financial advisors is where the company makes its money. Overall, Personal Capital beings all your checkings and savings accounts, loans, mortgages, and k accounts into a single dashboard which can make it easier for you to manage your finances.
An online service that's not slathered in effects and colours, Buxfer does a good job of presenting your finances in a clean, professional manner.
It cutely brags about the fact that it's currently helping its users manage over four trillion dollars in funds, so it's got a solid user base behind it. You don't have to give Buxfer your exact banking details if you're uncomfortable doing so — you can opt for offline manual syncing with your bank account instead — but if you do trust it, there's a layer of high-level encryption to protect your data and the company is regularly audited. We like its budgeting tools best of all — the visual reporting is very strong, and the fact that it doesn't force you into predefined categories and instead allows you to tag expenditures however you see fit means Buxfer should fit nicely into most people's banking lives.
Because, hey, if you don't want to spend every single penny you have and more, you absolutely do need one. And perhaps you have more money than you thought? YNAB's primary mission, as you might expect, is to help you curb overspending and avoid living from paycheck to paycheck.
Stick to the program, temper your spending appropriately, and eventually YNAB will see you spending last month's money rather than that which you've just earned. It's quick to install, supports the majority of transaction information downloadable from banks, and appropriately configures itself for personal or small business use by changing its monetary categories depending on your needs. If you get off track, YNAB — which is reasonably forgiving and understanding for a bit of software — will tell you what you need to do to get back to where you need to be.
You'll have to make sacrifices, but if it's guidance you need, this sets itself apart from the likes of Quicken.
Banktree is more than happy to support worldwide currencies, and in fact does a solid job if you're working simultaneously with more than one, offering balances in multiple currencies rather than rounding them off into a single total. Scheduled transactions automatically appear in the Calendar app. If your bank account is setup to use bill pay features you can use iBank 5 to pay your bills, with the added benefit that iBank 5 will first check to make sure that the transaction will not cause an overdraft.
There is no better financial app available today for your Mac. If you're looking for a Mac app to keep track of you finances, there's really nothing better than iBank 5. Get the Apple Watch Series 3 at Walmart for the lowest prices ever. At a Glance.