Total Cashflow HD
By Skydale Designs
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* Follow @MyCashflowApp on Twitter!
* Mac version at http://appstore.com/mac/nicolacavanagh/cashflows
Total Cashflow HD helps you forecast future balances of your bank accounts. It's simple to set up and requires minimal effort to maintain.
Tell it about your recurring transactions (including transfers between accounts) and future one-time transactions, and let it estimate your account balances months (or years) into the future.
It's not interested in the past, so there's no need to enter or maintain your transaction history.
It shows your account transactions and balances over time and lets you override individual payment dates and amounts. Quickly toggle payments on and off to see how they impact your future balances. The graph updates immediately with any changes you make.
Update the starting balance occasionally, and it'll show you which transactions are still due. If any have already occurred (or are late) just tap to toggle them on or off.
- Multiple accounts: Add multiple accounts and set up recurring or manual transfers between them.
- Recurring transactions: Supports recurring transactions with start date, end date (optional) and many recurrence options.
- Warning balance: Set a warning balance for an account and see at a glance when your balance is below it.
- Interactive forecast graph: Shows your future balance over time, highlighting warning balance and negative regions; tap the graph for a closer look at the nearby transactions.
- Reports: Create PDF or XML reports and send them by email or to your Dropbox account.
- Backup and restore your data with Dropbox or iTunes.
* Planning Future Purchases:
This is a great tool for forecasting payments for a future loan, mortgage or car lease. Create a recurring transaction for the payment amount, fill in the first and last payment dates and see how it affects your balance. Make adjustments to figure out what you can afford.
* Planning for Change:
You might have a recurring bill that increases annually (such as health insurance). Simply create another recurring transaction to represent the increased payment and set its start date appropriately, and adjust the end date of the original transaction. You'll immediately see how it affects your finances in the future.
* Planning for Uncertainty:
The forecasts are only as accurate as you need them to be. If you plan to pay a minimum amount per month onto your credit card, set that up as a recurring transaction. Once you decide how much you want to pay this month, just override the forecast amount. You can always edit or delete the override later.
* Getting Out of Debt:
This app can help you get out of debt, and figure out how long it will take. Enter a recurring transaction between your checking / current and loan / credit account for the minimum amount you intend to pay each month. Extend the forecast period (tap "More" at the bottom of the Forecast page) and then look at the Balance Graphs for your accounts. If you can afford to pay extra in a few months, override that month's payment (or create a one-time transaction for the additional amount). You'll instantly see the effect on your checking / current balance, loan balance and when the loan will be repaid.
What's New in Version 1.51
- Fixed popup issues on iPad (iOS 7 portrait mode)
IMPORTANT: If you have "Use iCloud" enabled, we recommend taking a backup of your data before upgrading (Sync -> Export to Dropbox).
Please do not rely on iCloud sync for data backup. Enable "Dropbox Sync" in the app, or use "Export to Dropbox" or "Export to iTunes" periodically.
If you experience any problems with the app, please email us at firstname.lastname@example.org.
I've been using this app for years now (previously used MS Money and Excel). The idea behind it is nice and simple; it only really cares about future transactions. You're not required to update the starting balance or fuss over every small transaction, but for checking accounts etc with a lot of activity it's good to update the start balance every few weeks (so it's "starting" from your last bank statement). You do need to manually disable or delete manual transactions or overrides though (the app deliberately leaves those alone).
Toggling "Use iCloud" switches between two data stores; it's not losing your data! (toggle it back to prove it). To get your data into iCloud, you first need to export it to iTunes or Dropbox, then toggle "Use iCloud" on, then import back from iTunes / Dropbox.
Exactly what I've been looking for
Quicken 2011 and prior (for over 20 years) had a major feature that could project cashflows similar to this app. Unfortunately, they decided to remove this valuable feature and force their customers to upgrade to a dumbed-down version of Quicken that did not have this feature.
I am really "into" this type of analysis, and have found that this app goes above and beyond most of my requirements. I would have rated this 4.5 stars since there are a couple enhancements I'd like, but since I see regular updates, I will give this a solid 5.0 and contact the developer with my ideas.
I better understand my finances now.
Using this app has really helped me get an idea of where my money is going. I've used it so many times to figure out if I really can afford this thing or that. Seeing how much money I'll have in my retirement savings when I'm 60 helps me to better understand my future. Seeing how long I'll have until a certain loan is paid off, and what $10 extra dollars a payment can do to shorten the life of the loan. I don't know what I would do without it.
- Category: Finance
- Updated: Oct 31, 2013
- Version: 1.51
- Size: 5.4 MB
- Languages: English, French, German, Italian, Spanish
- Seller: SKYDALE DESIGNS LIMITED
- © 2011-2013 Skydale Designs Limited
Compatibility: Requires iOS 6.0 or later. Compatible with iPhone, iPad, and iPod touch. This app is optimized for iPhone 5.