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You can also pay your bills instantly using its online bill pay option. Online Banking: You can synchronize transactions with your records with the support of OFX, QFX, and QIF files.
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Moneydance can be run on multiple operating systems such as: Linux, Mac OS, OS/2, Unix, and Windows.
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The user interface is geared towards non-accountants although it is a double entry bookkeeping system. Moneydance is an application for personal finance that was developed by Reilly Technologies. The variety is getting more extensive and depending on what features you need, will determine the best product for you.
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There was a bit of a learning curve, but it has the functionality and features that I like in Quicken.Choosing software can be confusing. So far, I've been satisfied with Moneydance. Moneydance also comes in mobile versions that you can use to keep up on the go. The summary keeps you on track, and helps you figure out exactly where you stand in terms of finances. You can see assets, liabilities, and your net worth immediately. I especially like the home page that summarizes your entire financial situation. There are plenty of other features that make Moneydance easy to use. You can also set up online bill pay with Moneydance.
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Moneydance is also compatible with banks, so if you do like the automatic update feature, you can use it. They aren't as nice looking as some of the other programs out there, but they get the job done. Moneydance offers customizable reports and graphs. It's been a good replacement for the Quicken that I know and love, and has many of the same features. The entry process is a little different from Quicken 2005, but the familiar ledger look and feel of it was close enough that I am fairly comfortable with it, after using it for a couple of weeks. But that didn't take too long, just a few minutes. So I had to enter the scheduled recurring bills again. However, some split deposits didn't transfer perfectly, and none of my scheduled deposits/ bill reminders went through. Once you have Moneydance installed, you can import the QIF data, and you're ready to go. I did it on my old iMac, and then emailed myself the data (I didn't feel like setting up another transfer). You have to turn your Quicken data into a QIF export file, but it's not that hard. One of the best things about Moneydance is that you can import your money from Quicken into the new software.
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But I like that you can try it out for free before you buy. Once you reach a certain point, you do have to pay for it.
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Moneydance costs $50, but you can download it and try it out for free. The review I read looked at considered Moneydance specifically as a Quicken replacement. So I poked around some more, and found a review of the software Moneydance. Quicken's latest financial pack costs almost $120, and it doesn't look the same as Quicken 2005. I kept looking, since I wanted a desktop-based solution, and not a free online version (my husband and I are both wary of the whole “connect up your account” thing). However, after reading about it and realizing that I didn't want financial software that forced me into a zero based budget, I passed. I looked at You Need A Budget (YNAB) first, because a lot of my fellow PF bloggers love, love, love it. Unfortunately, there isn't a lot out there, in terms of desktop financial software, that looks like Quicken 2005. So I needed to find new personal finance software. In this latest transfer, though, I was informed that software that old is no longer supported. My copy of Quicken 2005, which I love, came with it. With my last iMac, bought four years ago, I easily transferred all my files from the old iMac, bought two years before that. I'm using Moneydance, now that my Quicken 2005 is basically obsolete.Ī couple of weeks ago, I bought a new iMac for my desktop.