Moneydance is a complete personal financial management application that protects your privacy while not skimping on features. It supports online banking and bill payment, investment management, budget tracking, scheduled transactions, check printing, detailed graphs and reports, and much more. ∞ PRIVACY Most financial software provides the "service" of uploading your online banking login information to their (or worse, a third party's) cloud service. These services keep your login information and access your financial transactions. Moneydance uses strong end-to-end encryption, meaning the only people who can see your data are yourself and your bank. ∞ SUMMARY SCREEN The summary screen is an overview of your entire financial picture. Account balances, a calendar of scheduled transactions and reminders, investment account status, exchange rates, and stock quotes, all at a glance. ∞ ONLINE BANKING Moneydance can download transactions and send payments through 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. See https://infinitekind.com/fi for the full list of supported banks. Please note that some banks charge a monthly fee for their services. Moneydance 2019 introduces an embedded browser so that you can download transactions from any bank with a web site from within the app. Any downloaded data is imported and cleaned up automatically. No need to jump out to a browser, download files, and then manually load them. ∞ ACCOUNT REGISTERS The account register is used to add, edit, and delete transactions in an account. Balance calculations and transaction sorting are done automatically. Payee auto-completion makes it ridiculously easy to enter and categorize your transactions, while the quick-search field helps find those needles in the haystack. ∞ INVESTMENTS 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 are automatically. ∞ REMINDERS Easily schedule future or recurring transactions so you'll never miss a payment. ∞ GRAPHS/REPORTS Generate visual reports of your income, expenses, budgets, and investments. Flexible parameters let you customize your reports by period, tags, categories, accounts, and more. Mouse over regions of graphs or double-click on report cells to reveal details. Easily save graphs and reports to images or html files, or memorize their settings for quick access. ∞ BUDGETS Set spending and income targets for categories per month, week or any other interval. View your up-to-the-minute budget status right in the toolbar, on the summary screen or in graphs and reports. Use the highly acclaimed "envelope method" to specify expenses for each period and your status is shown with over-budget items highlighted. ∞ SYNC Enable syncing to share your data across computers or mobile devices. Keep up-to-date with partners or accountants over end-to-end encrypted channels for the ultimate security. ∞ NATURAL LANGUAGE TRANSACTION ENTRY Type a transaction description into the search field to have Moneydance cleverly fill in the details. For example, typing "1.23 sta" will suggest a transaction at Starbucks with the "Coffee" category and the last account you used at Starbucks. ∞ ATTACHMENTS Attach images, PDFs, and other files to transactions by dragging them into the register. Attachments are stored fully encrypted, but clicking its icon will decrypt and open it appropriate application. ∞ MOBILE Use the (free) Moneydance mobile app while on the go to record or edit transactions and view balances. Changes are synced instantly and securely with end-to-end encryption across all of your devices.
I've had pervasive issues going back more than a year regarding syncing data between Macs. Moneydance support has not been very helpful in resolving these issues. Typically they'll respond once or twice, and if their suggestions haven't resolved the issue by that point, it's like they give up, and I don't hear back on any further questions.
The more I use this software the more I realize how awful it is. About the only thing it gets right is not requiring dates when reconciling accounts, which is astoundingly rare in Mac money management apps. That’s their only star. - The interface is clunky and difficult. - They force you to get a third party cloud account to sync instead of offering iCloud, which every mac user already has. - Sub-categories don't roll up into their parent category, making budgeting and expense tracking a train wreck. WTH is the point of parent/child relationships if they don't roll up? - The "Expenses Graph" - which I thought would be my primary expense tracking tool - randomly leaves out whole categories. If I can find another money management app that doesn’t use dates in reconciliation I'm ditching this.
What a piece of crap. Tried this about 5 years ago and found it to be worthless. Thought I’d give this new version (2019) a try and found it to be worse. Doesn’t allow me to input new transactions in investment accounts. Keeps insisting that I can only make Transfer transactions, won’t allow Buys, sells, Dividends, Misc and so on.. Also it doesn’t allow for stock quotes updates. What a rip off, waste of money..
I’m happy to report that the most recent version continues to impress me. There aren’t a huge number of changes from the most recent version to the current version, but the crew at Moneydance continues to do work on the “back-end” to improve the product. One of their claims in the "what’s new" text includes a reference to revised handling of database and configuration files. I can attest to the fact that shut downs and startups of Moneydance are much faster with their back-end revisions. On my older iMac, an application launch or quit used to take minutes, which without knowing the structure of Moneydance, I always attributed to years and years of back data and account transaction history. I guess I was right. Launches and quits are much faster. Functionality remains much the same, and the product still works as advertised. Since my last review I have integrated a brokerage account into my account mix and do use direct transaction download from the brokerage. I’m impressed with how it handles the brokerage data. It is always accurate and retains all of the relevant transaction facts which the brokerage pushes through with the download. Be aware that download data isn’t real time. If you have a transaction post on the current day, the download file won’t contain that information until the following business day. That is just fine for my purposes, and is a limitation of the brokerage or bank data transfer, not Moneydance. I’d like to see Moneydance find a way to archive older transaction data in such a way that the data isn’t loaded into the application at every launch, but is still available in searches and long-term analysis. Wishful thinking, I suppose. I still highly recommend Moneydance as an alternative to more notable competing products. 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.
I love Money Dance. I have struggled with Quicken in the past and was very unhappy everything is online. Security was my biggest concern. I switched the first of the year and am delighted with the change. It is so much simpler to use than Quicken. They have great support. I have found it easy to find answers in their database and they will respond by email if you have something you can't figure out. Most bank and credit card transactions have downloaded easily once I figured out the system. My only frustration is that Categories many times do not download correctly so I have to change all of those. I highly recommend this app for secure home book keeping.
February 25, 2019 Update: MoneyDance works great for keeping track of accounts and seeing my total investments, net worth and expenses. However, the App no longer downloads individual equities. I have bypassed this deficiency by periodically downloading the total value of my portfolio from my financial company. When i try to download a new version of MD from the App Store, the store recognizes I have the existing App installed and asks if i want to open the App. My previous review in February 2017 was: I have been using Moneydance for approximately three years. The app has gone through evolutionary improvements and with regular use it has become easy to enter data and transfer funds from/to various accounts. Also the categories of expenses are useful to keep track of expenditures versus budgets. It would be additionally helpful if expenses could be totalled for more than 365 days. Maybe there is a way to obtain the data but I have not yet found the procedure. I switched to Moneydance in early 2014 when the most recent version of Quicken was a poor performer compared to the old version running on previous Mac OS. Transition to Moneydance was easy and over the past year as I learned more of the features I have come to appreciate the excellent performance of Moneydance. I keep track of all my stock market investments, checking, savings and other accounts.
This was my first app i've ever tried since Windows. I confiess the design needs more work (editing themes isn't easy). I tried many other apps, but this is the top for sure in functionality and performance. The mobile app could be better.
Say good bye to Inuit and Quicken with this Great software! Easy import your Quicken. I've been using since 2009 and 100% SATISFIED. Great customer support too! Far Better than Quicken.
I like it but it is quite hard to use at first. — Don’t give up it takes a while before it becomes intuitive
This is a great program for simple account management. There are some shortcomings, it definately has room for improvement, but imho it is the best replacement option for Quicken. I wholeheartedly recommend it. After the learning curve, it's just plain great.