AceMoney is a simple software that offers good transaction tracking options to manage your home finances. While it is not a newer, online service and does not include some of the budgeting features of other personal finance software, if you need to keep track of a lot of transactions, payees and categories, AceMoney can help you stay organized.
When adding accounts to AceMoney, you can sync directly to your financial institutions, uploading transactions from your bank, credit union, credit card provider and brokerage account. You can also upload files you download from your bank if you choose not to sync your accounts. This may be less convenient because it does not automatically update, but it is a choice if you are concerned about security. This software does use a secure SSL transfer, the same security that your bank uses for other transfers. One downside to the service is that it does not offer mobile apps, so you cannot upload or edit transactions as you're out spending money. However, if you sync your account, they upload automatically.
Adding transactions manually is easy to complete, and the system remembers payees, transactions, amounts and categories to make frequently used transactions quicker to add and organize. This personal financial software is a great choice for organization in general. You can edit payees and include addresses, a phone number and comments.
Creating and editing your budget is fairly simple, though different from other budgeting services in that you set a budget in a single page. With this budgeting software, you manage each individual category, selecting a limit amount. You must do this for each, opening and managing each individual category. This way of setting up a budget is less convenient that other services' budgeting feature where you can simply click once and edit the limit. But it's not necessarily difficult or unintuitive. It does not offer certain budgeting functions, such as rolling over the balance from the previous month or setting alerts for going over budget.
With the exception of tax reports, AceMoney has the most popular reporting choices, including net worth, spending and cash flow reports. You can choose the parameters that you wish to view on specific reports, including dates, categories payees and accounts, and you can view the information in a data table, period chart or total bar chart. You can also run reports for your personal investments.
In the personal investing section of the software, you can keep track of your portfolio and add new transactions, including syncing to your brokerage accounts. Beyond the above-mentioned investment reports, you can view information about your security allocation by symbol, broker and investment vehicle. It does not offer more advanced investment features, such as comparing your portfolio to the market or tracking commission and other fees.
AceMoney is a good personal accounting software with many positive features, but it also dated and missing some features of newer software. This desktop software syncs to your financial institution and brokerage accounts, but it does not offer mobile apps to manage your budget away from your desktop. It allows you to manage your transaction and keep track of your account balances, but it is less useful as a budgeting program, including not having a way to track remaining allocated budgets or set alerts when you exceed budget limits. What AceMoney does, it does well, particularly organizing large amounts of data, but it also lacks convenience features that other home finance software offer.
AceMoney offers some of the best category and payee organization and management.
This software does not have mobile apps to manage your account from your smart phone.
While this software offers some useful features for managing your budget, it is missing key features that other services offer.