10/12/2021 0 Comments Moneydance Vs Quicken For Mac
I’m a bit of a power user when it comes to tracking investments, and the reporting features (and lack of a true portfolio view) were deal killers for me.It is a convenient and easy-to-use software. In short, iBank is a solid option, but it’s not right for me. Moneydance (MD) was the closest replacement for Quicken (Q) I could find, so when I decided to leave Quicken (after over 25 years) due to the new 'subscription' (and block 40 of the screen if you don't re-up) and bugginess I decided jump in and thought I'd share some experiences of our first weeks with MD:On Monday I talked about my experiences moving from Quicken to iBank.Moneydance Review Personal Finance Software I Use. This way your checkbook is always.Moneydance Vs Quicken Which Is Best In 2019. It effortlessly tracks your income and expenses.
Moneydance Vs Quicken Download 2019 LatestGnuCash Quicken HomeBank MoneyWiz.So… I next turned my attention to Moneydance from The Infinite Kind and crossed my fingers that I wouldn’t need to go further down my list of Quicken alternatives. Mint - Free personal finance software to assist you to manage your money, financial planning, and budget planning tools. To It And I Still Like It Better Than The New Quicken For Mac. Moneydance Download 2019 Latest For Windows 10 8 7. Moneydance Software 9 Reviews 26 Photos Facebook. Moneydance On The App Store. Plus, it syncs across all your Mac and iOS devices.Given that Moneydance costs $50 (though you can easily get a $10 discount more below) I wasn’t too crazy about this highly restrictive trial. Banktivity includes features only found in Quicken for Windows, like portfolio analysis. Quicken: Mac Compatibility Quicken for Mac lacks some features of the Windows version. It also lets you generate reports to track income and expenses, set up payment schedule reminders, and follows your investments (both total value of investments and. Its online banking feature automatically downloads transactions, makes bill payments, and categorizes spending. Getting your data into MoneydanceThe next step is to install and launch Moneydance. If you need details on exporting to QIF, check out my previous post. In fact, I used the exact same QIF export file for Moneydance that I used for iBank. Thus, I took the plunge… Getting your data out of QuickenThe process here is identical to what I went through for iBank. However, I had read enough reviews that I was convinced that Moneydance was the next best option on my list. I ended up with bizarre (and hugely negative) balance in our bank accounts, etc.I thus decided to start from scratch, but skip the “Import Account Info Only” step. The accounts got set up properly, but when I imported my transaction data, it was a mess. Once you’ve verified the accounts, uncheck that box and repeat the process to import your data.The trouble with this approach is that it didn’t work very well for me. This latter bit – the transfer out – got included in the split deposit, but then got duplicated on its own.Once I figured this out, however, it was an easy thing to cruise through out accounts and delete the duplicates. I’m talking here mainly of payroll deposits that included numerous deductions as well as a transfer out to a retirement account. Double-checking the importThe most obvious problem was that certain types of split deposits got screwed up. Strengths and weaknessesRight off the bat, I noticed that Moneydance isn’t nearly as pretty as iBank. Fortunately, it was easy to re-assign the errant transactions from one account to the other such that I could ultimately delete the duplicate. Yes, it took a couple of hours before I was completely up and running, but I was dealing with 14+ years of data.The only other glitches were that I wound up with an extra bank account called “Unknown: PAYEE” (I ended up deleting this with no problems) and one of our investment accounts, somehow got split into two identically named accounts. All in all, it was pretty straightforward. ![]() No, it’s not as pretty or polished as iBank, but the interface is definitely serviceable and it has a very robust feature set. The final analysisIn the final analysis, Moneydance looks like a winner. And yes, you can “unlike” the page later if you don’t want it cluttering up your account. In the left sidebar, you’ll see a link for a “ Discount Code.” Go ahead and click it – no code… But if you “Like” their page, a 20% discount code will appear, bringing the total price down to $40. Getting a 20% discountIf you’re interested in buying Moneydance, be sure to swing by their Facebook page first. I’m not a programmer, so I won’t be doing any of this myself, but it’s nice to know that it’s a possibility, and that some other users have already written some handy extensions.Oh, and I almost forgot to mention… Moneydance is available for Mac, Windows, or Linux so you won’t be tied down to a single platform if you decide to use it for the long term. First off, when entering transactions, it doesn’t offer a new blank line as Quicken did. You can, however, import an unlimited number of transactions, so you should be able to at least test out the import and mess around a little before making a final decision.After reading all the positive comments about MD, I bought it and was immediately unimpressed. I’m sure a few annoyances will crop up here or there, but I’m confident that I’ll be able to adjust and work around them – just like I did when I was first getting used to Quicken.Just be aware that the trial is (as I noted above) somewhat crippled, in that it can only handle 100 manually-entered transactions. But I do need pertinent information and I need to be able to enter data without extra steps. I can wait until evening to check my financial situation on my desktop iMac. I don’t have to know how much money I have while out walking the dog. Number of shares is essential. That’s useless, since the value changes all the time. Secondly, investments show a cash balance rather than total number of shares. I rarely do so anyway.It’s worth it for me to have simple, logical and complete information about my money than to have access from a variety of devices.Just got this from Quicken (I bought Quicken Essentials for Mac as I had bought a nice new Mac and was hoping it wouldn’t be so bad went back to my PC 2011 version after trying a few alternatives including MD, as I had a decent but old XP machine lying around this works for me). When I upgrade to Lion, I will just have to let go of the ability to search back transactions to 1995. I have hard copies of my investment information from the past, and will print out reports of certain types of expenses over the past years. So I decided to start anew with Dec 2012 and move on from there. Unfortunately, it would not import from Quicken 2004. ![]() ![]()
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