This will be a year of significant changes. We’re hitting the ground running with Moneydance 2019 – the biggest update to Moneydance in years. If you’d like to get right to it, you can download it now!
- Moneydance 2019 1 – Personal Finance Managerial Skills
- Moneydance 2019 1 – Personal Finance Managerial Statement
- Moneydance 2019
We couldn’t be more excited to bring you this major update to Moneydance. Let’s start with the biggest highlights:
- Dark Mode – Moneydance now integrates smoothly with your darker themed desktop
- Ridiculously Easy Import – now you can migrate your data from other applications and downloaded files without needing to fuss with a multi-step process or deal with complicated settings. Moneydance analyzes files to figure out the best way to import the data.
- Since 2015 Moneydance has stored every change made to your files. While these changes didn’t take much space, they did result in many small files that could slow down the opening and closing of Moneydance. Moneydance 2019 will automatically compress and consolidate the older history in your data which can reduce file size by a decent amount, but the most significant change is probably the improvement of opening and closing your files.
- Moneydance now stores security prices relative to their associated currency, which means that updating exchange rates will not affect the prices of non-base-currency securities.
- Python-based extensions. You can now easily package Python scripts as extensions and have them launched from the main extensions menu.
- Moneydance now supports high resolution (aka retina, HiDPI, etc.) displays on Windows and Linux, adding to our existing support for them on macOS.
- Built-in browser (currently in beta) for secure communication with your bank, broker, payment service, or other web service. You can now open an embedded WebKit-based browser to log in to any bank’s website. Moneydance will recognize and import any files downloaded from that site. You can even use Python scripting to automate the process, providing an effortless way to sync your accounts. All without needing to upload your passwords and financial information to any third party services.
In addition to the above, here’s a list of the more minor changes that aren’t covered above:
- When restoring from a backup, the file chooser now opens with the default backup folder
- Improved capital gains and cost basis calculations for average cost investments for many specific edge cases and transaction types.
- Importing currency or security history from a CSV file now figures out the date format automatically
- Fix color issue in some account selection popups
- Improvements to all color schemes
- Improved handling of HTTP cookies in all communication
- Plain text (CSV, tab-delimited) imports now observe the category column
- Added Page Setup menu to allow for setting the default paper type and orientation when printing (although some printable items always print in landscape)
- Fixed color of the track under custom scrollbars
- Set the default theme to dark mode if the system dark mode setting is enabled on the mac
- Updated handling of online banking connections behind the scenes, making automatic updates to connection information more reliable
- Reimplemented file importer structure to allow for a two-stage import, enabling an initial scan to detect date formats, decimal characters, whether the file was downloaded or exported from another app, as well as to change account currencies before the second stage. The result is an entirely automatic import of multiple file types.
- Improvements to monthly calendar view including improved theme support and high-resolution graphics
- Fix bug in HTTP cookie handling to allow cookies for parent domains (i.e., www.infinitekind.com) to be sent to the same domain as the parent (i.e., infinitekind.com)
- Improvements to the algorithm used to guess whether a bank’s OFX credit card transactions reverse the signs based on the transaction type field
- Improved QIF export to include liability and asset account types
- Improved QIF export to specify the starting balance of accounts more clearly
- Improved QIF export to encode forward slashes in account or category names
- Updated mac app bundle to set a memory limit as a percentage of physical RAM rather than a fixed amount
- Improve performance and accuracy of historic currency/security price lookup and calculations
- Exchange rates view on summary screen now shows the price for currencies in both their relative and the base currency, if different
- Enable setting of a ‘relative currency’ for currencies as well as securities, which is helpful for tracking crypto currencies
This is a free upgrade for anyone who has purchased Moneydance 2017. If you purchased an earlier version of Moneydance, then you are entitled to the new version at 50% off; just a small thank you for being a loyal customer.
Moneydance is easy to use personal finance software that is loaded with all the features you need: online banking and bill payment, account management, budgeting and investment tracking. Moneydance handles multiple currencies and virtually any financial task with ease. Portable Moneydance 2019.3.1880 (x64) Office Software Moneydance is easy to use personal finance software that is loaded with all the features you need: online banking and bill payment, account management, budgeting and investment tracking.
- Moneydance is a personal finance software application developed by The Infinite Kind, formerly developed by Reilly Technologies, USA. Written in Java, it can be run on many different computers and operating systems.Under the hood, Moneydance implements a double-entry bookkeeping system, but the user interface is geared towards non-accountants.
- Finance Moneydance Serial by NMac Ked Moneydance is a full-featured personal financial management application that includes features such as online banking, online bill payment, investment management, budget tracking, scheduled transactions, check printing, detailed graphs, reports and much more.
Thanks to all of our wonderful customers and beta testers for providing feedback and helping us continue to improve Moneydance!
Moneydance is a budgeting tool similar to Quicken but only charges a one time fee of $49.99, rather than expensive monthly charges.
With Moneydance you can monitor your banking and investment accounts all in one place – using your computer and phone. It’s also possible to handle multi-currency transactions and pay your bills directly from Moneydance.
This in-depth Moneydance review can help you decide if this is the best premium personal finance app for managing your money.
How Moneydance Works
Moneydance is free for the first 100 transactions. After that, you can purchase the software for a one time fee of $49.99.
What makes Moneydance different than most apps is its open-source API. Developers can create customized extensions that add new financial tools without upgrading to a new software version every year.
Some of the core Moneydance capabilities include:
- Tracking bank, digital wallet, and credit card transactions
- Online bill pay
- Categorizing transactions and budgeting
- Monitoring investment account performance
- Multi-currency transactions
Moneydance is a robust platform. Your entire financial universe assembles in one place. Moneydance can automatically download financial transactions and sort them into their proper categories. You can also build a custom budgeting strategy including importing your existing budget spreadsheets.
Accessing all your accounts in one place makes tracking your money simple. Your Moneydance charts and graphs give you a visual picture of where your money's going. The charting can be particularly beneficial for anyone with difficulty tracking spending.
Many budget-focused apps have mediocre investment tracking – at best. Moneydance can track your savings, mutual funds, stocks, bonds, and other investments. Not only does it keep track of your investments, but it also displays the performance of each.
You can also pay bills from the app, as well as receive alerts to remind you when payments are due. The last feature can save you money by helping you to avoid late fees.
Like any personal finance app, there is a small learning curve to efficiently navigate the software. Moneydance is not frustration-free. There can be programming bugs with importing data files and syncing your accounts. But you will find that with any software.
Moneydance Download Options
Moneydance remains a “desktop-first” budgeting app and is compatible with these operating systems:
- Windows (7+)
- macOS (10.11+)
- Linux
The Android or Apple mobile app is a good companion and syncs with your desktop using Dropbox. However, the Moneydance mobile app lacks many desktop features and other cloud-based apps are better.
Moneydance is available for Windows, Mac, and Linux, as well as iOS and Android mobile phones.
Moneydance Key Features
The many banking and investment features can make Moneydance the only personal finance app you use. Most apps specialize in either budgeting or tracking net worth and investments. It’s not often that you can do both with one program.
Online Banking
You probably have online banking through each individual bank but what if you have several accounts in two or more banks?
The Moneydance online banking can be a serious benefit when you have accounts at multiple banks. You can access each account from the same app.
Moneydance automatically downloads your transactions, then automatically categorizes them to help you track your spending. You can also make payments directly from the app.
Bill Pay
Some budgeting apps are excellent at tracking your finances and money goals. However, you must still use your bank app to schedule single or recurring online bill payments. Moneydance lets you pay bills from its platform using Direct Connect – the same program that Quicken and Quickbooks use.
Many national and regional banks support Moneydance for online bill payments and downloading transactions.
Payment Reminders
You can use this tool to schedule either individual payments or recurring transactions. Use it and you'll never forget a payment again.
Moneydance Summary
This is your high altitude view – the big picture of your finances.
Some “all in one” finance apps excel at aggregating your account data but make it difficult to navigate your accounts.
The Moneydance summary dashboard provides these details:
- Account balances
- Upcoming and overdue transactions
- Payment reminders
- Foreign exchange rate information
![Manual Manual](https://onlinebusinesstutorial.com/wp-content/uploads/2019/04/PF2_MoneyDance.png)
While everything is summarized on one page, you can click on an account, or choose one from the drop-down list, to go directly to that account. There you can enter transactions, or reconcile your account.
Categorizing Transactions
Moneydance allows you to set budgets by category, for example, you may set a budget for restaurants. When a transaction comes into your checking account for a restaurant you can categorize that as such.
It’s also possible to assign “tags” to the transactions you categorize too. These tags can be handy when running budget reports and analyzing spending trends. For example, you might tag all of your expenses while on vacation as “travel”. You can then pull reports and see exactly how much your recent vacation was.
Account Registers
Here you can enter or delete transactions, or make any edits necessary. It's set up like a traditional checkbook, but it automatically calculates your balances and sorts your transactions. It also has an auto-complete feature for recurring transactions to save time.
Graphing Tool
The graphing tools enable you to generate visual reports tracking both your income and expenses.
You can create any type of graph you're comfortable with, and customize it with the desired date range and any other parameters you choose. Graphs can also be printed or saved on your computer.
Some of the available graphs include:
- Account balances
- Asset allocation for investments
- Income and expenses
- “Memorized graphs” (Customizable graphs that update continually)
- Net worth
Budget Reports
Deck set 2 0 4 – simple presentation creator maker. You may also appreciate the in-depth analysis that budget reports offer. These reports can make it easy to track your personal or business figures.
Some of the potential budget reports include:
- Account balances
- Budget performance
- Cash flow
- Income and expenses
- Missing checks
- Reconciling transactions
- Tag summary of categorized transactions
- Transfers
- VAT/GST applicable expenses and total tax paid
There are multiple investment performance reports you can run too. For instance, some of the investment-related reports let you track cost basis, capital gains, portfolio performance, and transactions.
Investment Tracking
Tracking your investments is where Moneydance departs from many of the pure budgeting apps. It enables you to follow your investments not only by updating the total value of your portfolio but also by providing the performance of individual securities.
You can track stocks, bonds, certificates of deposit, mutual funds, and just about any other type of investment.
You can customize investment tracking by setting it to automatically download daily security prices. It can also help you to perform cost basis computations, as well as to account for stock splits.
Foreign Currency Transactions
If you do any foreign currency transactions or have a foreign-based bank account, you'll really appreciate this feature.
Moneydance can handle multiple currencies and will make automatic conversions. It keeps a history of conversion rates too so your transaction from two years ago uses an accurate figure from that exact day.
There's no need to get out your calculator and look up daily exchange rates. It all happens automatically.
Moneydance Pricing
Moneydance can be purchased for a flat fee of $49.99. This one-time fee is an advantage over competing platforms that have monthly fees or a recurring annual fee.
You can make your one-time fee upfront, then use the app forever. Payment can be made by Visa, MasterCard, American Express, Discover, PayPal, or Amazon gift cards.
Each personal license is good for every computer in your household with unlimited use.
For businesses, Moneydance requests one license per computer or data file (whichever is smaller). You can share data files between multiple computers and only buy one license.
Free Trial Period for Your First 100 Manual Transactions
Moneydance offers a free trial for your first 100 manually entered transactions. You have full access to the app during the trial period. Once you reach that threshold, you can make the one-time payment and continue using the app. Or not.
The Moneydance app comes with a 90-day money back guarantee. If you're not happy for any reason, you can return the product for a full refund.
Upgrade Policy
After you purchase the software you get one free major release update. After your free update, you will receive subsequent updates at half price.
Quicken, and most other software packages, makes you pay full freight with each major upgrade.
Moneydance vs Quicken
Moneydance and Quicken are two of the most powerful personal finance programs on the market. Quicken offers a similar experience to Moneydance for PC and Mac. Both programs require a desktop download and their mobile apps syncs with your desktop file. Quicken dropped its cloud-only data storage a few years ago.
You might prefer Quicken as this program may sync with more banks and brokerages. And, Quicken offers chat and phone support while Moneydance only offers email support.
However, Quicken charges of yearly fee of either $34.99, $44.99 or $74.99 depending on your plan tier.
There are two great reasons to consider Moneydance instead of Quicken. First, personal households pay a one-time $49.99 for a lifetime license. The most similar Quicken plan tier costs $74.99 per year.
A second advantage of Moneydance is its customization potential. Developers can create extensions that don’t require you to upgrade to the latest version to enjoy. Quicken is more likely to require forced updates if you want to continue using their product.
One tidbit most long-time Quicken users may not know is that Intuit sold Quicken in 2016. A private equity firm now owns the platform but Intuit still owns the Quicken trademark. Intuit wants to focus their efforts on Quickbooks and TurboTax.
Here's our full review of Quicken.
Moneydance Pros and Cons
Moneydance 2019 1 – Personal Finance Managerial Skills
Moneydance Pros:
- Reasonably priced: The one-time fee of $49.99 is quite reasonable for a personal finance app that does all that Moneydance can.
- One-time fee: If you're looking for a budgeting software app, the last thing you need is another monthly expense for the app itself. Moneydance spares you the extra hit.
- Not cloud-based: If you are worried about your data being stored in the cloud, Moneydance doesn't. It's stored locally. The Moneydance mobile app syncs with your desktop file to update your financial accounts in real-time.
- License is for personal use and per household: You don't need to pay per install, pay per person using it, or how many computers you use it on. It's one license per household for as many computers as you want.
- Free Trial: You can “test drive” Moneydance for 100 transactions. If you like what you see, you can pay the fee, and continue using it. If you don't, you can simply drop it and move on.
- The 90-day guarantee: This gives you the opportunity to back out with a full refund if you decide you're not happy with the app, even after you complete the initial 100 transactions.
- Digital reconciliation: You can balance your accounts and reconcile transactions, as well as detect fraudulent activity in any of your accounts.
- Currency conversion: Not everyone regularly engages in foreign transactions, but if you do, Moneydance is the personal finance app for you.
Moneydance Cons:
Moneydance 2019 1 – Personal Finance Managerial Statement
- Feels cluttered: The dashboard tends to be a bit cluttered and could be especially confusing if you have a large number of accounts included and are still learning the system.
- Importing is tricky: This is not uncommon. To import data you need to make sure the data is exported into a QIF file, which is an ASCII text file generated by Quicken. QIF stands for Quicken
- Interchange Format.
- Limited customer service: Receiving a tech support response may take longer than with other budget software. The Moneydance knowledge base answers many FAQs and you have email support access.
Moneydance 2019
Is Moneydance Worth It?
Moneydance offers a free trial for 100 transactions and a 90-day money-back guarantee, so you can give it a reasonable test drive to see if you like it.
There are so many different budgeting software apps out there and it often comes down to which you'll be the most comfortable with. Some are fairly simple in nature, like EveryDollar, and others are slightly more complicated, like Quicken. Moneydance could be the app that works for you. If not, here's our list of some great personal finance apps.
It goes beyond pure budgeting, by offering investment tracking and currency conversions. These will be more important to you if you have multiple investment accounts or regular foreign transactions.
If you'd like more information, visit the Moneydance website.
9.5
Strengths
- Account aggregator with billpay
- Budgeting & Investment Tracking
- Foreign exchange tracking
- Not cloud based
- 100 transaction free trial