Moneydance – A Cross-Platform Personal Finance Manager


I should admit, I am a software junkie. I like a desirable software program that works because it has to and does its activity with an attempt on my element. When I first commenced using a computer at domestic, one of the first matters I started looking for turned into a software program application that could control my finances and permit me to maintain up with what I spend. It is crucial for me because even though I do not have a variety of specific finances to maintain up with, I need all the help I can get. I began using Microsoft Money, and whilst I clearly like the manner it operated, it did have it is drawbacks. Chief amongst them is the very obtrusive advertisements and the truth that Microsoft Money (you choose the yr) would no longer open a perfectly accurate cash report opened even once in the subsequent year’s Money model. I can see that being the case now and then when the report format has to trade for whatever motive but to do it each year is a chunk over the pinnacle. The next program I used was AceMoney, and I used it till I converted from Windows XP to Linux almost years in the past.

Finance Manager

When I started using Linux, I knew I might want to use AceMoney on my Linux machine, as long as I set up Wine, which lets Windows programs run on Linux. However, I selected not to accomplish that. I preferred to use software that turned into designed to run on Linux itself. After performing some research online, I determined to gain a free trial supplied through Moneydance, an open-source, pass-platform personal finance supervisor for Windows, Linux, and Mac OS. It took a chunk of gambling around with the software program before I turned into used to the manner it does things, but once I did, I had no trouble shopping the overall model for $29.Ninety-nine. In my opinion, it is nicely really worth the rate.

As with any software program software, there are professionals and cons to using it. Everyone loves to do things differently, and each personal finance supervisor does things in’s personal manner, at least a little. One of the principal matters I do not like approximately Moneydance is the manner it installs on my Mepis gadget. Actually, I think that has extra to do with me being used to doing matters in the Linux manner so that, in reality, isn’t always a criticism. Once hooked up, Moneydance is incredibly smooth to apply. It opens up to the home page, and there is a spread of items you can have shown up there. You can see from the screenshot below that mine is pretty easy. I do not have stocks or bonds. However, you could show inventory fees if you need them. Just upload an investment account and then upload the stocks out of your portfolio into that account.

I truly like approximately how the home page is installation is the transaction reminders, each the listing and the calendar. It may be effortless to tell what gadgets I have due, coming up, or even overdue. It is likewise spotless to add new reminders via clicking on the link at the pinnacle. The reminders’ fantastic factor is that you may use them for transactions or only a widespread reminder. The transactions may be set up to be entered robotically or to remind the person to enter them manually. Overall, the home page of Moneydance could be very usable, and it can be edited to add or eliminate items that you do or do not need or need. As you could see, I show my checking account, in addition to each of my credit card money owed on the left side. That permits me to see at a glance what I actually have in my bills.

As with any private finance manager, this system’s main heart lies in it is a sign in or ledger. That’s where the bulk of the work is completed inside the application. This is wherein I spend most of my time entering transactions and reconciling with my financial institution account. In the sign-in, I had to discover ways to do things a little differently than I changed into used to doing. For example, there’s no keyboard shortcut to mark a transaction cleared or reconciled. You can achieve this using properly clicking on the transaction and choosing it from the context menu, and whilst it receives the task carried out, I discover it a piece bulky to do. However, there may be any other manner to accomplish this that works very well. Upon getting used to it, I discover it lots less difficult to reconcile the register with my online financial institution announcement.

Finance Manager

Inside the screenshot to the right, you can see an Actions link at the top left of the register display. Clicking on it drops down a menu with a reconcile motion. Choosing that brings up a dialog that lists the start announcement stability and asks me to go into the ending declaration balance, which is basically the goal stability that I want to finish up with. Before I get so far, I even have already checked out my online bank assertion and feature that figure noted. Once this is entered, Moneydance brings up a small window that lists all of my not cleared or reconciled transactions. That window can be located at once over the Firefox tab containing my bank assertion, and from there, I can use the mouse to mark the transactions cleared and notice how my sign up stability matches up with the bank statement. I can see right away if there may be a mistake in the sign-in, without ever opening the bank announcement I acquire inside the mail.

I actually have observed that this small window surely hurries up my paintings in ensuring the transactions are correct, and the web financial institution declaration and my sign up balance are accurate. It saves me numerous effort and time by not having to alt+tab backward and forward between home windows. As I said, it took me some time to get used to doing things in that manner; however, as soon as I did, it makes clearing a whole lot of transactions a whole lot less difficult and faster. I am pretty set in my ways. However, that is one aspect I have found out to do differently, and glad I did.

Another function I discover instrumental is how Moneydance can backup my money record and not use a motion from me after the initial setup is done. I make day by day backups in a folder on a totally separate partition, and Moneydance looks after the relaxation. Trust me; the backups have stored my bacon greater than as soon as, or even if I don’t have hardware trouble, it surely got here in on hand after I established SimplyMepis 8. It changed into a snap to load my backup record and feature all of my records handy. I have determined it’s far critical to keep backups, and Moneydance gives you a ramification of alternatives to select from.

I found another component to be a bit exclusive from the maximum other personal finance applications I even have used, and this is the way Moneydance treats bills and categories the identical. I am no accountant, but that is certainly the manner most actual accounting software program. It’s known as the double access technique, and at the same time, as I don’t recognize it absolutely, it essentially links the exclusive debts to every other. In KMyMoney and different private finance managers, you could install a transfer from one account to every other by calling it a transfer. In Moneydance, I had to choose the account in the transaction class phase to get the adjustments to register in each account. Once I was given past the distinction, it is a chunk of cake.

As with most personal finance managers, Moneydance remembers the transactions and will complete them mechanically for you. If I enter a transaction to Aldi’s to purchase groceries, it remembers that and until I tell another way, all transactions to Aldi’s can be entered into the “Food: Groceries” category. That comes in very reachable, and I can install a reoccurring transaction by right-clicking at the transaction line and telling Moneydance to “Memorize” the transaction. Very short and very smooth to do. I suppose I could say that Moneydance could be very wise within the sign-in and handle the transactions.

Finance Manager

I ought to cross on and on approximately the program’s features, but this newsletter is already longer than I had anticipated. Suffice it to mention that I am pretty pleased with Moneydance. Yes, there are things that I would love to peer modified. For instance, the simplest way to hide past transactions inside the sign-in is to archive them, but I have found that the range of transactions inside the sign-in doesn’t seem to slow this system down, so I am residing with that. It’s only a count of private choice in that regard. The documentation can also be a touch more thorough, but I even have labored beyond that. If you’re seeking out a smooth to apply personal finance supervisor, I will urge you to offer Moneydance a try. I don’t suppose you may be dissatisfied.