Review: Monitor spending and other accounting functions using MoneyWell

Keep track of your budget and expenses with a number of useful features offered by MoneyWell for Mac.

With a number of useful features for keeping track of your cash flow, accounts, income, and expenses, MoneyWell for Mac takes the traditional envelope budgeting method to a whole new level. The program comes with a fully-functional, free trial version limited to 200 transactions.

After downloading, MoneyWell for Mac starts up with an initial menu that features good graphics and well-labeled buttons. Users can immediately use the program on their accounts or play with it using a sample document. This is helpful so users avoid making mistakes on their actual account files. The program, itself, lists the current account balance at the top of the main window, along with the current account status. A listing of the overall balances of every account imported sits on a left sidebar, and is easy to locate. Income and expense information is also present in this area, below the accounts. The main window lists all of the debits and credits by transactions, which are each well-labeled and color-coded for easy identification. A row of buttons along the bottom also allows users to quickly reconcile accounts, as well as access their spending plan, reports, and other advanced functions. Additionally, the program offers access to video tutorials and an online help section.

MoneyWell for Mac includes most of the features one would look for in personal finance software and would be a useful addition for users familiar with accounting principles.

Editor's note: This is a review of the trial version of MoneyWell for Mac 2.2.2.

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