![]() It's set up like a traditional checkbook, but it automatically calculates your balances and sorts your transactions. Here you can enter or delete transactions, or make any edits necessary. You can then pull reports and see exactly how much your recent vacation was. For example, you might tag all of your expenses while on vacation as “travel”. These tags can be handy when running budget reports and analyzing spending trends. It’s also possible to assign “tags” to the transactions you categorize too. When a transaction comes into your checking account for a restaurant you can categorize that as such. ![]() Moneydance allows you to set budgets by category, for example, you may set a budget for restaurants. There you can enter transactions, or reconcile your account. While everything is summarized on one page, you can click on an account, or choose one from the drop-down list, to go directly to that account. The Moneydance summary dashboard provides these details: Some “all in one” finance apps excel at aggregating your account data but make it difficult to navigate your accounts. This is your high altitude view – the big picture of your finances. Use it and you'll never forget a payment again. You can use this tool to schedule either individual payments or recurring transactions. Many national and regional banks support Moneydance for online bill payments and downloading transactions. Moneydance lets you pay bills from its platform using Direct Connect – the same program that Quicken and Quickbooks use. However, you must still use your bank app to schedule single or recurring online bill payments. Some budgeting apps are excellent at tracking your finances and money goals. You can also make payments directly from the app. Moneydance automatically downloads your transactions, then automatically categorizes them to help you track your spending. You can access each account from the same app. The Moneydance online banking can be a serious benefit when you have accounts at multiple banks. You probably have online banking through each individual bank but what if you have several accounts in two or more banks? It’s not often that you can do both with one program. Most apps specialize in either budgeting or tracking net worth and investments. The many banking and investment features can make Moneydance the only personal finance app you use. Moneydance is available for Windows, Mac, and Linux, as well as iOS and Android mobile phones. However, the Moneydance mobile app lacks many desktop features and other cloud-based apps are better. The Android or Apple mobile app is a good companion and syncs with your desktop using Dropbox. Moneydance remains a “desktop-first” budgeting app and is compatible with these operating systems: But you will find that with any software. ![]() There can be programming bugs with importing data files and syncing your accounts. Like any personal finance app, there is a small learning curve to efficiently navigate the software. The last feature can save you money by helping you to avoid late fees. You can also pay bills from the app, as well as receive alerts to remind you when payments are due. Not only does it keep track of your investments, but it also displays the performance of each. Moneydance can track your savings, mutual funds, stocks, bonds, and other investments. Many budget-focused apps have mediocre investment tracking – at best. The charting can be particularly beneficial for anyone with difficulty tracking spending. Your Moneydance charts and graphs give you a visual picture of where your money's going. ![]() You can also build a custom budgeting strategy including importing your existing budget spreadsheets.Īccessing all your accounts in one place makes tracking your money simple. Moneydance can automatically download financial transactions and sort them into their proper categories. ![]() Moneydance is a robust platform. Your entire financial universe assembles in one place.
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