CNET Editors' review
This easy-to-use financial management program minimizes data entry by connecting directly with your online accounts. Moneydance can give you a better understanding of your overall financial picture.
This download has a fairly simple look that will become familiar in a short time. Users instantly see their balance in the heart of the rectangular screen, a calendar to the right, and reminders above that. In the brown and green header users can cycle through options to manage their funds, such as transfers, accounts, extensions, and more. All the options are easy to access and fairly intuitive to understand.
Where Moneydance steps ahead of most of its competition is data entry. Many simple financial programs require users to manually enter every dollar that comes in and out of their various holdings. Moneydance has the capability to hook into your various bank accounts and draw the information for you. This is a great option for users who have their finances spread around in various accounts and have a difficult time getting an overall picture.
There's a 100-use trial limitations and some of the numerous features are disabled, but you can still get a good sense of this effective money manager. Moneydance beats out its competition by aiming for the online banking crowd. Seeing this in practice makes us wonder why more programs don't do the same.
Publisher's Description
From The Infinite Kind:
Simplify your finances with Moneydance, the groundbreaking personal finance manager. Whether you want to organize your finances, pay bills online, manage your budget, track your portfolio, or just automatically balance your checkbook, Moneydance is the solution for you. Moneydance's simple, intuitive interface makes taking care of your finances a breeze. Save time and money with online banking and bill payment. Moneydance makes it easy to set and trace budgets, and reminds you of upcoming bills to keep you up-to-date. Moneydance's insightful reporting and graphing tools illuminate your finances and show you where your money goes. You can track your portfolio and stay on top of your investments. MoneyDance also offers encryption and password-protection to ensure your privacy.
What's new in this version: Version 2010r3 updates translations, includes new reports and graphs, and improves matching/categorization of downloaded transactions.
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All versions:
3.9 starsout of 15 votes
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Current version:
4.5 starsout of 4 votes
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My rating:
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Results 1-4 of 4
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"On the Surface great alternative to M/S Money"
Version: Moneydance 2010r3
Pros
After using the software for about 3 months now I find it very easy to navigate. Adding/deleting accounts and reminders is very simple once you play with it for awhile. However, there are bugs which MD refuses or is incapable of dealing with.
Cons
The downloaded software gives you 100 free transactions before you have to buy it. Had I gone through all of them, I would not have bought the software. M/S Money, though stale and through with updates, at least would allow me to transfer funds between accounts using only one transaction. M/D will not, and according to their support staff, their code designers have no intention of making this change. There are a whole lot of unhappy subscribers that wish to be able to move positions between brokerage accounts. Can't do it. Must make multiple transactions. One from one account, and another to a different account. MD's apparent refusal to deal with this problem is strange to say the least. This has to be just a simple process of inserting a line of code in the matrix.
Summary
Won't be suggesting anyone else buy the software unless/until Moneydance starts listening to their customers.
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"Way better than Quicken"
Version: Moneydance 2010r3
Pros
Simple to use. Great selection of reports. Runs on Window Linux and Mac. Just makes my life easier.
Cons
Doesn't connect to all banks but that doesn't matter so much as I can always download the transaction file from the banks website and import it.
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"Best quality, best value for money"
Version: Moneydance 2010r3
Pros
clean, consistent interface, auto transaction, exchange-rate and stock-price update capabilities, investment and assets, intuitive to use, configurable reports and graphs, homepage gives good overview of financial and budget status. multi-platform.
Cons
current version has a bug which makes investment accounts in anything other than your base currency work incorrectly. bug has been present for at least a year. not a problem for most, show-stopper if you need to track stocks in another currency.
Summary
i am very impressed with this program and would definitely recommend it. i'd buy it again if given the choice. it is far superior to quicken, acemoney and account xpress, all of which i tested extensively before settling on moneydance. the free version gives you enough to be able to test it, and the full version only costs 31.99 after applying the 20% discount code (you can get the 20% discount code by signing on to facebook, searching for the moneydance page, then clicking "Like"). This program is definitely worth the price - nothing in it's price-range has capabilities like these, and if you're trying to get a handle on your budget and lower your expenses then this will give you more insight than the free programs and thereby earn back far more than its price-tag. in my first week i was able to identify ways to lower my monthly budget by hundreds.
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"Awesome Money Replacement"
Version: Moneydance 2010r3
Pros
Way easier to use than Microsoft Money. Allows me to have control of my data.
Cons
Nothing Yet
Summary
I have been using Moneydance 2010 for several months, and it is awesome! I had to migrate from Microsoft Money because they are no longer supporting it, and had been looking for a replacement. I did quite a bit of research and finally settled on Moneydance. It is way easier to use than Money, and the developers are very active constantly improving the product. The support is great as well. They have been in business for years, and I think this product will be one of the premium personal finance products. Does investment tracking, budgeting, etc. and allows me to keep my data in-house. I don't trust online services with my data. What if they go bust!
Results 1-4 of 4
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