Moneydance is a complete personal financial management application that includes features such as online banking, online bill payment, investment management, budget tracking, scheduled transactions, check printing, detailed graphs, reports and much more.
∞ HOME PAGE
This is an overview of your finances. The information shown includes account balances, upcoming and overdue transactions and reminders, and exchange rate information. Clicking on an account or choosing an account from the drop-down account list will take you to the register for that account, where you can enter transactions or reconcile the account against a statement. Clicking on a transaction reminder will display a window where you can automatically record the transaction.
∞ ONLINE BANKING
Moneydance can automatically download transactions and send payments online from hundreds of financial institutions. It learns how to categorize and clean up downloaded transactions. Send online payments, for banks that support them, directly from scheduled transaction notifications. View the full list of supported direct-download banks at http://moneydance.com/fi Please note that some banks charge a monthly fee for download and bill payment services.
∞ ACCOUNT REGISTERS
The account register is used to enter, edit, and delete transactions in an account. It is visually similar to a paper checkbook register, but the calculation of balances and sorting of transactions is all done automatically. The payee auto-complete feature makes it easier to enter and categorize your transactions.
Follow your investments and bring your portfolio into focus with support for stocks, bonds, CDs, mutual funds, and more. View the total value of your investment accounts or the performance of individual stocks and mutual funds over time. Stock splits and cost basis computations are a snap, and current prices can be downloaded automatically.
You can set up a payment schedule for single or recurring transactions so you'll never miss a payment.
Use the graphing tool to generate visual reports of your income and expenses. Set the graph type, the date range, and any specific settings for the type of graph you desire. Pop-up balloons display more information about the data being graphed as you move the mouse pointer over different regions of the screen. Graphs can also be printed or saved to PNG image files.
Set spending targets for categories per month, week or any other interval. View your up-to-the-minute budget status right in the toolbar, on the home page or in detailed graphs and reports. Use the highly acclaimed "envelope method" to specify expenses for each period and your to-the-minute status is shown with over-budget items highlighted. Moneydance will help you set a target and stick to it!
Enable file syncing to share or collaborate on a data file across multiple computers. Whether sharing with your partner or accountant, syncing your data will provide secure efficient access to your accounts from any computer.
∞ NATURAL LANGUAGE TRANSACTION ENTRY
Start typing a transaction description into the search field and Moneydance will intelligently fill in the details based on natural language date parsing and your history. For example, typing "1.23 sta" will display a transaction entry panel with the name Starbucks, category "Coffee", today’s date under the last account to have a transaction for Starbucks. The description, category and account are filled in based on your history.
Attach images, PDFs, and other such files to transactions by dragging the file into the register. Clicking an attachment thumbnail will open it in an appropriate application.
When you're on the go, you can use the Moneydance mobile app to enter or edit transactions and view balances. Changes are synced instantly and securely with your desktop. Available for free in the app store for your iPhone, iPad and iPod touch.
As usual Moneydance has fantastic support for online banking & bill payment, credit card & bank account management, budgeting, investing, mobile app and computer-to-computer syncing, and much more. Moneydance 2017.10 brings further improvements including:
* Workaround certain horribly broken OFX responses (Wells Fargo)
* Improved 'similar transaction' handling of downloaded transactions by scoring older transactions slightly lower and transactions touching inactive categories much lower.
* Fix floating point accuracy issue in gains/basis calculation
* Fixed bug that caused security holdings with the same name under different investment accounts to be interspersed when sorting for some reports
* Fixed bug in which certain changes to historical currency rates or security prices were not saved across restarts
* Improved bundled stock price and exchange rate updating, and added two new sources: IEX Trading, and European Central Bank
* Workaround changes to OFX files from several banks which change the meaning of transactions labeled as 'payment' or 'charge' has changed, and (sometimes) the amount is incorrectly negated
* Update to OFX response header parsing to handle OFX2 headers plus the XML header tag
* Improved QIF export to include liability and asset account types
* Improved QIF export to more clearly specify the starting balance of accounts
* Improved QIF export to encode forward slashes in account or category names
* Net worth total shown on summary page now excludes accounts that are marked as not to be included in net worth calculations
* Fixes to average cost basis and capital gains report calculations (thanks Stuart Beesley!)
* Workaround for Ally Bank OFX/QFX files which omitted all newlines after the header section
* Fix bug that set default exchange rate to 1.0 for new inter-currency entries in a split transaction
* Compensate for some Chase OFX files not having a blank line delimiter between headers and body
* Ensure the sort order and presence of security/currency history entries are updated when an entry's date is changed
* Fixed bug when editing a new inter-currency transaction with splits which set the default exchange rate for the transaction to 1
* Improved 'similar transaction' handling of downloaded transactions by scoring older transactions slightly lower
* Transactions referencing inactive categories are also now scored much lower
Ratings and Reviews
Long time user, still super happy
I’ve been using Moneydance for well over 10 years now. The current version continues to impress me and the developers continue to make meaningful enhancements to the product. Unlike some users, I’m not pushing the product to handle investment accounts or to do ex post facto downloading of information from banks and other financial institutions web sites. I use the product mostly as an electronic check register, and reconciliation engine, and it performs admirably in that role.
The quality of reporting, searching, and graphing has improved significantly over the years. I suspect that persons which may have avoided Moneydance in favor of a more well known brand of personal financial software package due to reporting and graphing needs might be able to look at Moneydance again. One of the more recent updates to Moneydance included a “globalization” of the auto-fill database for business names and descriptions. This was probably one of the most welcome improvements for the way I use Moneydance. Also improving was the syncing through Dropbox. I actively use the Moneydance iOS apps for data entry while on the go, and a recent update of the Moneydance desktop software also made the syncing process from remotely entered entries much better.
If you are looking for an actively developed personal financial management product which isn’t made by the typical competition, then Moneydance is for you.
Great Financial Management App
Overall this app is outstanding, but I give 4 stars, not 5, because I think there is still much room for improvement. I love how customizable it is but I wish it would more seamlessly download online account data. It does well enough to make it quite useful, but I was hoping for something as polished as the free Personal Capital app, which is outstanding in its own right but Moneydance still outperforms Personal Capital by enabling unlimited categories, envelope budgeting, etc. I am just mildly annoyed that I need to manually update my TSP account and the Zillow market value for my home and my credit card transactions are not automatically downloaded. I also wish the mobile companion app had more features, but it functions pretty well enabling categorization of recent transactions on the move. Bottom line is Moneydance is my preferred financial management program, but a Moneydance and Personal Capital marriage would produce the perfect financial management offspring that would far outshine them both.
Tried to move over from Jumsoft Money, whose version 5 is not for me. I’ve got multiple bank and credit card accounts with large archival CSV files ready to go. But Moneydance has mystifying issues with CSV import of transaction categories. Not every financial institution uses QIF, and moving from other programs like Jumsoft Money often requires CSV. Despite my every effort, the Category field on my large CSV files is ignored and a default category is swapped in. Their online help forums keep mentioning installing extensions from third parties and so forth to improve this issue, but the Mac App Store version doesn’t have freewheeling Extension installation capabilities. This is dumb. The Category field should simply populate the working category list in the program, and show the field correctly filled-in for imported transactions. End of story. Simple stuff. No hacks or gymnastics. I welcome feedback from the developer, because I’m exhausted reading forum help posts from their users. That isn’t “help”, though it’s the only Help link accessible from the software. Just fix it.
Developer Response ,
Hi there, when importing data from other applications QIF is by far the best option. Jumsoft Money 4.7, and all finance apps that I know of, export to QIF. I recommend exporting from Money into a QIF file, then import that into Moneydance. Please make sure to select the "From Another Application" option when importing, otherwise Moneydance handles de-duplication and categorization very differently.
If you have any more trouble, please do visit our support site https://infinitekind.com/help and submit a private message, or simply email firstname.lastname@example.org. The forums can be helpful to some people, but we're also happy to answer questions and provide support directly.
As for the extensions, the Mac App Store rules prohibit us from providing a menu entry for the built-in extension manager in the app store version.
With Family Sharing set up, up to six family members can use this app.