With users from more than 75 countries, Moneydance money software is an international product with collective financial appeal. Its international influence is perfect for businesspeople who need accurate and up-to-date exchange rates for business deals or for those dealing with customers or family members outside of the United States.
This money software has been awarded TopTenREVIEWS Bronze Award because its impeccably organized and easy to use, with great help and support features, excellent banking and bill options, and a variety of personal investment options.
When you open the money management software application, the main screen greets you with three choices: Create new file, open an existing file or import an OFX, QFX or QIF file. Switching from your work Mac to your home PC? No problem. Moneydance works with every operating system and allows you to transfer data wherever and whenever you need it.
Every feature, category and element within this money software is perfectly organized for easy access and use. The navigation bar and buttons, along with account information and payment calendar, are all easy to locate and even easier to use.
The main page provides a deluge of information. It is fantastically designed with all of your financial needs in mind.
Each financial component, including bank accounts, credit cards, investment accounts, stock prices, bill reminders, net worth and exchange rates, is separated into individual boxes on the main page. Even if you have no more than 10 minutes to spend with your budget each day, you could look at this homepage and know exactly how financially fit you are, how your stocks are doing, and whether you have any bills that must be paid or that are overdue.
You can create an account within this money software that will manage every financial facet in your life. Whether it is your checking or savings account, credit card, investment account, mortgage, retirement, college tuition, auto or other sub-account, this budgeting software will help you keep track of it all. Our favorite banking and bill feature, the payment calendar, showcases these accounts in an organized and visually appealing manner. The payment calendar is the perfect solution for scheduling bills and remembering exactly when they are due. Simply click on the day a bill is due, enter the payee information along with amount owed, frequency of the payment and a memo to yourself about the payment. Users can also schedule paycheck information.
Each account is reconciled within the money software. Expenditures from your credit card, checks or bank card are now extremely easy to track. In conjunction with the payment calendar and financial calculators, principal and interest payments are automatically calculated within your specific accounts.
Having the option for bill pay within the money software is a convenient feature. We were disappointed, however, that although this feature is offered, not all banks and credit lenders will support application-based bill payments. This obviously is not the fault of the money software, but we advise checking with your bank before you set up, and rely on, the bill pay service within the application.
On the left-hand side of every page within the money software, there is a list of the graphs and reports available that can be accessed whenever needed.
The information that is displayed with graphs is easy to read and understand. For each category, there is a pie chart and line graph with brilliant colors that clearly display where your money is being spent. These types of graphs showcase your spending habits and highlight which expenses could be cut back on or cut out entirely. Financial information reported through graphs includes the following:
The rest of your financial information is detailed in reports such as: cash flow, detailed income and expenses, and capital gains. These reports are customized according to date or category, and can be saved and exported to Excel or put into a favorites folder for later use.
This money software employs the use of categorizing and tagging systems. For every expense, a tag can be manually added for deductibles, business expenses and so forth. Moneydance will automatically categorize all inflows and outflows as Value Added Tax (VAT) or Goods Services Tax (GST). At the end of the fiscal year, this VAT/GST report can be generated and used for tax purposes.
Encrypted and password-protected, Moneydance provides security and peace of mind to its users. This money software also has backup and restore options, just in case a power outage or glitch in your computer causes you to lose information.
Year after year, this money management software will archive your reports and files, saving the information necessary for a quintessential financial comparison.
We were very disappointed to see that Moneydance not offer an in-software manual, which we believe to be almost crucial for any money software application. An online manual is provided, but it requires an internet connection to access this information.
Although this money software has email support and a staff that will answer your questions, Moneydance relies heavily on their community forum discussions to answer customer's questions, and suggests beginning your search by browsing or starting a forum discussion.
Unlike many competing money software applications, Moneydance has a blog with dedicated entries illustrating how everyday expenditures can be translated back into the Moneydance application and integrated into your personal budget. The blog writer gives financial tips such as "having a slush fund," customizing investment accounts and sticking to a budget while traveling. Within these helpful blog entries, the writer illustrates exactly how to take his tips and effectively manipulate them within the software, which is very helpful.
Investments can be fickle, especially with the current economic conditions. Moneydance budgeting software allows investors to manage their portfolio (including stocks, bonds, CDs, mutual funds, and so forth) 24 hours a day. Moneydance's homepage provides the perfect update for all investments by listing stock prices and their price history.
Moneydance money software has a list of fantastic budgeting, banking and bill features, as well as personal investing options, excellent archiving and security techniques, and easy-to-understand reports with information that will help you reach your personal or professional financial goals.
The main application page provides a deluge of financial information.
Moneydance offers bill pay, but not all banks support application-based bill payments.
Money dance is organized impeccably and makes keeping track of all expenses easy.