Pros
Intuitive
Easy to set up and use
Cons
Automatically sorts split transactions
Strange auto-fill for categories
Summary
I wanted to like this program. I was looking for a replacement for MS Money which I used to keep track of home banking and investments. I didn't use a lot of the online go-fasters and cloud resources, so I wanted something simple that would keep track of accounts, compile some reports, and be easy to use. I could have written something myself, but I didn't have the time.
So, I strtated with this and let most of my minor gripes go aside because things are always a little different when switching programs. But one thing I really hate is when programs try to do things for me that are supposedly helpful and are actually the opposite. An example is the automatic sorting of split transactions. As transactions are entered, they are sorted by category...automatically. Now, think about it. What types of transactions are normally split? Credit card bills and other multiple transaction accounts. If one is manually entereing (another gripe) a credit card bill into a split transaction, do you think they would want the entries in order so that missed entries could be easily found? Or to have the entries sorted by category so that every transaction on the bill needs to be compared, by category!, to every entry to find a missed transaction? I contacted support and was simply told that the option to NOT sort was not available. Thank you for the...."help"?
Pros
Minimalist Design
Cons
Cannot reconcile MS Money accounts
Amateur design
Buggy
Summary
I bought this program because it received such rave reviews. Now I realize that either MechCad paid the reviewers to give them great reviews or those reviewers are just completely clueless. This program is a pre-school version of MS Money, and if you're starting from scratch, it might work for you. If you, however, try to import all of your MS Money files into AceMoney, the program cannot understand how to reconcile the accounts with one another. To top it off, I've never been able to shut AceMoney down without going into the Activity Monitor and forcing it to quit (it opens 4-5 subprograms and all of them need to be forced to quit otherwise the program freezes and never shuts down). This program is complete junk in my opinion. Stick with the free version of MS Money Sunset Deluxe.
Pros
Ace Money does everything I need it to do and more. I do in fact have it password protected although the authors article state that cannot be done. My data is encrypted and stored securely on an external drive as well. I highly recommend giving the program around the block. I used the free version for several month prior to upgrading to the paid version. The free version allows you to maintain two accounts, I needed more so I upgraded.
Cons
Problems with connecting directly yo my bank for downloads, but that is more than likely my lack of knowledge to do it. I just download and import my info that way and it works fine for me.
Summary
Our payroll and benefits clerk at the County has also began using this program for her personal finances. She is a CPA and took my recommendation to try it. She has recommended this to all the County employee's where I work to try for their personal use. What does that say?
Pros
-Easy to use. Offers advanced features, but doesn't force the ordinary user just tracking bank transactions to deal with with them if they don't want to.
-Only program that imported my transactions from Quicken with no tinkering required.
-DOES support passwords and account file encryption-- the review is outdated.
Cons
--Rather basic user interface; functional, but could use artistic polish.
Summary
I tested with the lite version, which offers all features free for two accounts. Upgrading to the pro version for unlimited accounts.
Pros
NO PROS - NO CUSTOMER SERVICE
Cons
NO CUSTOMER SERVICE
DO NOT BUY. Beware of ACEMONEY.
I paid $40 and it does not work on my PC.
For 2 months, I have requested refund through emails because NO CUSTOMER SERVICE CONTACT telephone on their website.
NO REPLY FROM ACEMONEY.
BEWARE !!!!
Summary
DO NOT BUY.
NO CUSTOMER SERVICE CONTACT
Pros
None - I couldn't even use it.
Cons
Didn't work for me
Summary
I got AceMoney as a possible replacement for Quicken 2010 since I didn't want to be forced to upgrade to Quicken Deluxe 2013. Should have saved myself the 30 bucks and stayed with Quicken. Set up my account and activated online services (my credit union was listed in the drop-down menu). Entered my user ID and password and tried to update my account. got a "failed" message that said "the financial institution does not have an account identified by this number". I use the exact same user ID and password in Quicken and it found all fuor of my accounts in about 5 seconds. Also tried setting up a credit card account using USAA Federal Savings Bank. Entered username and password. Also failed with a "some or all of the information you entered is invalid". Back to Quicken I go.
Read reply (1)
Reply by ilanao on March 19, 2014
I had the same problem with my USAA accounts. If you contact customer support, they will tell you to revert to version 3.4. As long as you are using your USAA member number and PIN and not your login username and password it will work. Please contact support, as they respond very quickly and are very helpful.
Pros
I have not been using this program long, but I have been very satisfied with it so far! I have found that
-The design/layout seems well done to me - very "user friendly"
-This program has virtually almost all of the features that I, personally, was looking for.
Cons
My bank was one of those not listed under "direct connect". Hopefully it will become an available option in the future. In the mean time, however, I was pleased to see that there was still a pretty simple "work around" which still allows me to download my information fairly easily.
Summary
As indicated, I haven't used this program long, but I anticipate that it will meet/exceed all of my needs and expectations. I felt that the price was quite reasonable for a reliable, very functional program. I still have a lot to learn about it, but so far, so good...
Pros
None, not what they advertised. Do not purchase this software.
Cons
I tried the free download and exercised comparing it to several other programs. I am Technical Support Analyst so decently experienced. Used their files and saw it connect but since the accounts were bogus, stocks were not real, it seemed the connectivity was not a problem. We use a Hughesnet Satellite connection and have successfully used Money for years, even AFTER it was no longer supported. We purchased the full licensed version of ACEMONEY and IT NEVER worked. I contacted support multiple times, got ridiculous answers (stupid user answers) and they refuse to refund. They have NO ONE you can talk to and very poor service policies.
Summary
Don't buy it. I downloaded MoneyDAnce and it worked the FIRST TIME. So it was the Acemoney software, not our connectivity and not our experience.
Pros
Straight forward, clean accounting. Looks rather simplistic and basic to use and set-up.
Cons
DOES NOT compete with Quicken or any similar application for that matter. Their marketing hype is exaggerated. The banking that it is supposed to work seamlessly is limited. Unfortunately for me, I listened to the hype thinking they were legit and this would replace Intuit as stated. What I found, since I paid upfront without a trial, is software that WILL NOT communicate to either of the two banks I use. I have Quicken, and it is not a problem anywhere. Not only that, since it cannot download current status, I cannot do any Bill-Pay either, which was my main objective. After emailing support (you can't talk to them on the phone), their reply was that I should have received the Trial version and they ASSUMED I had done that and was satisfied. So much for taking a company's word in good-faith. They of course refused to credit me the purchase even though this wasn't even a physical version of the software.
Summary
All-in-all, buyer beware! If you don't mind doing a OFX file download from your bank, IF able to, and then uploading this to the application just to see what is in the bank... you're OK. If you want to do Bill-Pay, of course you can forget it. HOWEVER, if you have a large bank like Bank of America you MIGHT be OK as well.
Pros
Easy to use
Unlimited # of Accounts
Cons
Poor tutorial
Item numbering confusion
Summary
This is my 3d year using this software. So I have a good bit of experience using the software. I have used Quicken and MS Money and they are difficult to learn or use. Out of the box it is easy to set up accounts and use the software. It has a lot of nice features that make it easy to navigate. It has a number of reports and charts and it has a good budgeting capabilities.
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