Other features include check printing, graphing and reporting, scheduled transaction reminders, transaction tags, VAT/GST tracking, budget management and tracking, file encryption, and investment portfolio management. Moneydance implements the OFX protocol to perform online banking and bill payment. Under the hood, Moneydance implements a double-entry bookkeeping system, but the user interface is geared towards non-accountants. Written in Java, it can be run on many different computers and operating systems. Moneydance is a personal finance software application developed by The Infinite Kind, formerly developed by Reilly Technologies, USA. But once that process is complete, Moneydance categorizes any new items as they’re added to your ledger.Cross-platform ( Linux, Mac OS, OS/2, Unix and Windows)Įnglish, Spanish, French, German and others In order for this feature to work, you need to take the time to map data you imported or entered by hand to specific categories. The Infinite Kind have enhanced Moneydance’s budgeting capabilites, now making it possible to take data from your checkbook ledger to use as a starting point for your budgets. In order to get them back into shape you have to resize the window to make them look right. So, for example, if you had to stretch your window a bit in order to see all your data in the checkbook ledger, all the graphs and their associated text will looked stretched and out of shape. As was the case with transactions in the registers, graphs in Moneydance weren’t as good as they could have been largely because they lose their shape when Moneydance’s main window isn’t exactly the right size. The application offers over 25 reports and graphs to help you track your financial information, including reports for missing checks, current net worth, and budget tracking. Similarly, you can use the same field as a calculator similar to how you use Spotlight for calculations. Simply type a number for a dollar amount, and the name of who you made the payment to, say, 2.65 Peet’s Coffee, and Moneydance opens a small Quick-Entry window you can use to edit or enter the transaction. There is also a new Quick Entry option that lets you use the application’s search field to create new transactions. You can now link PDF files and other image documents to any transaction in Moneydance, allowing you to include receipts for purchases with their transactions. Personal Capital handle with ease and which should be available in Moneydance as well. Even though my bank offers the option to download information on my mortgage accounts, Moneydance doesn’t support this feature. Setting up online banking is simple and I was able to connect to my banks and download transactions in a matter of minutes. Moneydance offers automatic downloads of your banking data, but in order to use this feature you’ll have to subscribe to your bank’s download service, which, in the case of my banks, means I have to pay each of them a fee. You can resolve this by resizing the window, but this is less than optimal. This does two things: it moves the place you clicked in the ledger away from your cursor and, often, info appearing in the ledger window gets compacted so that the ledger text appears underneath the little blue dot indicating that the transaction has not been accepted. When this sidebar opens, rather than expanding out to the right as a normal sidebar might, Moneydance’s sidebar expands in, and resizes the ledger portion of the window. When you click the unconfirmed transaction, a new sidebar appears on the right displaying details for the selected transaction. Each displays a small dot in the description field indicating that they’re waiting for you to confirm them. Newly downloaded transactions that you’ve yet to confirm appear in the main window. When entering category information, adding new categories from the category field rarely worked correctly. While entering transactions in Moneydance is easy, I did encounter some unexpected behavior. The second line is for other details such as transaction category and associated check number. The first line displays the specifics of each transaction, including the date, how the transaction occurred (check, transfer, EFT, etc.), who the transaction was paid to, how much the check was for, and your account balance. You add and edit your banking data in what looks like a double-lined checkbook ledger. The Moneydance interface will be familiar to anyone who has ever used any computer-based financial app. Home Page gives you at-a-glance access to all your financial information.
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