![]() Creating and managing your budget is a breeze, and the reporting options are excellent too, particularly if you're skilled enough to program your own tailored reports. By connecting to checking, credit card, investment and loan accounts, Moneydance allows you to stay on top of all your balances and transactions as they occur, and even when you're out and about, with its mobile app. Moneydance delivers top-of-the-line software, offering most of the more advanced money management features that anyone is likely to want. Moneydance offers specialized investment report options, so you'll always know how your investments are performing and will be able to keep tabs on your transactions. The security details also allow you to keep track of stocks. The portfolio overview displays the value of your portfolio, the percent change and cost basis, while the register tracks your trades, including the security, date, stock price, fees and balance. (Image credit: Moneydance) Moneydance review: Investment trackingĪs already mentioned, Moneydance allows the tracking of investments and monitoring of portfolios once you've synced to your brokerage account, and transferred the necessary balances and trades. Should Moneydance not offer a report that you need, experienced programmers can use its scripting support service to help hand write a script in Python that will allow you to analyze your own data and create a custom report based on your needs. That said, the exporting options are fewer than are available at most other services, and you cannot export reports to a tax program. Graphs can be saved as a PNG, and data reports can be saved as an HTML or CSV, which can then be used in other programs, such as Excel. If you wish to save any report you run, you can print a hard copy or save a digital version. You can also choose custom dates for any period of time. You can adjust the date range, selecting from a number of predetermined options, including year or month-to-date and quarters. Other reports have charts and graphs for a quick visual of the data, such as the account balances, net worth and an income versus expense report. There are choices for simple data reports, including a budget report, cash flow and income versus expenses. ![]() Moneydance offers some of the best reporting options of all the services we reviewed. If you wish to have the unspent amount from the previous month roll over to the next, you can choose that option as well. And you can individually edit and adjust any category budget you copy over as needed. Please let us know if you have further questions or need more assistance.If your bills and spending habits are similar each month, you can copy the budget you create from one month to the next, saving you time. The next time you download from the bank many of the correct categories will automatically be assigned, and this will improve and you confirm more transactions. Moneydance will begin to recognition the information you have previously confirmed, and start to suggest the correct categories within 'Similar Payees' in the panel on the right. Moneydance will then move to the next unconfirmed transaction in the register.Īs you go through this process it will become quicker and easier. You'll see the solid blue dot change to a blue circle. You can amend the category within this panel, then select 'Confirm'. A panel will appear on the right of your screen which shows the 'Current Transaction' details. To begin the confirmation process, select the first transaction in the register with a 'blue dot'. When transactions have been recently downloaded, they'll be 'unconfirmed' which is signified by a blue dot in the register. If you haven't already, I'd recommend taking a look at this article from the Knowledge Base that details recognizing and confirming your recently downloaded data. Thank you for contacting Moneydance support. It would be very presumptuous for the software to silently associate categories and accept them into the register without your approval, especially as some businesses that sell products that fit into different categories.īatch change is more intended when you need to fix something that was incorrectly set or transaction put into the wrong account etc. Ir is from this confirmation process that the software will learn the likely category association for a particular payee/description and suggest it in the future. Track investments to aid in financial planning. MoneyLine personal finance software tracks all your money, bank accounts and spending in one place, so you stay organized and in control of your finances. ![]() When you import downloaded transactions they should have a blue filled circle next to them, you then go through the confirmation process where you assign a category to the transaction and accept it into the register. Easy Home Accounting and Check Register Software for Everyone. Moneydance does learn from past transactions but what you are doing does not facilitate this. I'm assuming you are talking about importing transactions from a file downloaded from your bank.
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