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 started using a computer at home, one of the first things I looked for was a software program application that could control my finances and permit me to keep up with my expenses. It is crucial for me because even though I do not have a variety of specific finances to keep up with, I need all the help I can get. I began using Microsoft Money, and while I liked how it operated, it did have drawbacks. Chief amongst them are the very intrusive advertisements and the truth that Microsoft Money (you choose the year) would no longer open a perfectly accurate cash report, even 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, which I used until I converted from Windows XP to Linux almost years ago.

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 was designed to run on Linux itself. After researching 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 became used to how 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 uniquely does something, at least a little. One of the principal matters I wouldn’t say I like about Moneydance is how it installs on my Mepis gadget. 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 show 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 the supplies out of your portfolio into that account.

I truly like how the home page, the transaction reminders, each listing, and the calendar are installed. It may be effortless to tell what gadgets I have due, coming up, or overdue. It is likewise spotless to add new reminders by 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 join 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 can see, I show my checking account and each of my credit card’s owed amounts on the left side. That lets me know what I have in my bills at a glance.

As with any private finance manager, this system’s main heart lies in it as a sign-in or ledger. That’s where the bulk of the work is completed inside the application. This is where 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 differently than I used to do. For example, there’s no keyboard shortcut to mark a transaction cleared or reconciled. You can achieve this by properly clicking on the marketing and choosing it from the context menu, and while it receives the task carried out, I discover it is bulky to do. However, there may be any other manner to accomplish this that works very well. Upon getting used to it, I discovered it was much 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 the goal stability that I want to finish up with. Before I get so far, I have already checked out my online bank assertion and feature that figure noted. Once this is entered, Moneydance has a small window listing all my uncleared 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 immediately see if there may be a mistake in the sign-in without ever opening the bank announcement I acquire inside the mail.

I 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 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 that way; however, as soon as I did, it made clearing many transactions much less difficult and faster. I am pretty set in my tracks. However, that is one aspect I have learned to do differently, and I am glad I did.

Another function I discovered instrumental is how Moneydance can back up my money record and not use a motion from me after the initial setup. I make daily backups in a folder on a 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 in handy 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 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 have used, and this is the way Moneydance treats bills and categorizes them. I am no accountant, which is the manner in most accounting software programs. 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 performance. It was a chunk of cake once I was given past the distinction.

As with most personal finance managers, Moneydance remembers the transactions and will complete them mechanically for you. Suppose I enter a trade to Aldi’s to purchase groceries. In that case, it reflects that, until I tell it 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. It is very short and very smooth to do. I could say that Moneydance could be very wise with the sign-in and handling of 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 be more thorough, but I have labored beyond that. If you’re seeking a smooth way to apply for a personal finance supervisor position, I urge you to try Moneydance. I don’t suppose you may be dissatisfied.