Over the years, Moneydance has developed and now runs on Mac, Windows, and Linus, with a one-time price tag after making 100 free manual transactions. Moneydance is a budgeting platform much similar to Quicken, but unlike Quicken that has a monthly charge, Moneydance goes for a one-time fee of $49.99. The platform looks like a ledger and allows you to monitor your banking and investment accounts provided you link them. You can also use Moneydance to pay bills as well as handle different currencies directly. Moneydance is a massive platform where you can create one universe for all your finances. It provides excellent functions due to the following features: Online BankingĪlmost every bank now offers online banking, but it is not easy to manage when you have two or more accounts in one bank. Moneydance online banking can help you manage several accounts from multiple banks and monitor them in one dashboard. The platform also automatically downloads your transactions and categorizes them to help you track your expenses. Bill Reminders And Payĭespite budgeting apps tracking your finances and set money goals, you still need the bank app to schedule recurring and single online bill payments. Moneydance allows you to make payments directly from its platform using Direct Connect – a similar program to the one used in Quickbooks and Quicken.
The platform aggregates your account data and provides the following details on the dashboard for easy navigation:Įverything may be summarized on one page, but you can choose an item from the drop-down list and directly open an account to enter or reconcile transactions.
Through Moneydance, you can set specific budgets by category for example, you can set a budget for restaurant expenses only. It also allows you to assign tags that are crucial when running reports and analyzing your spending trends.įor example, you can tag all your expenses while on a road trip and then pull reports to see exactly how much your road trip was. The platform also allows you to generate in-depth budgeting analysis reports that make it easy for you to track your personal or business figures. The potential budget reports you can compile are: Moneydance has graphing tools that allow you to generate visual data and reports of your income and expenses. Some of the graphs you can generate using Moneydance include: You can adjust to create the type of graph you want and customize it with the desired dates and any other parameters you wish. It is where you can enter transactions, delete transactions, or make any necessary edits. The Accounts Registers is set up like traditional checkbooks that automatically calculate your balances and sorts out your transactions.
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