TopTenREVIEWS - Silver Award - Awarded for excellence in design, usability and feature set

With its straightforward and intuitive user interface, Moneydance is not only easy to use but is also a powerful budgeting program. You can sync the software to your financial institutions or manually add and edit transactions. Mobile apps allow you to keep track of your budget when you're away from your desktop. You can also create multiple accounts with multiple budgets if you have more than one group of finances to manage. Each function independently, or you can have everything on a single budget. This simple yet powerful desktop program with its mobile apps wins our Top Ten Reviews Silver Award for personal finance software.

Connectivity
Compare
9.4/10
Quicken Premier
Moneydance
Buxfer
Quicken Starter
BankTree
MoneyLine
YNAB
Mvelopes
AceMoney
iCash
10
9.4
10
9.4
8.8
7.5
7.5
9.4
7.5
5

One of the most convenient features of newer home accounting software is the ability to sync to financial institutions so all of the balances and transactions from your accounts transfer and you don't miss a single entry, which could throw off your entire budget. You have the option of syncing typical account types, such as checking, credit cards and loans. Loan accounts also include peer-to-peer lending accounts, which is something not many other services offer. You can also sync to investment and asset accounts to track your portfolio and other investments. Syncing to your bank also allows you to reconcile your bank account against your budgeting records, including tracking missing checks.

Mobile apps provide access to your Moneydance account when you're on-the-go, so you can manually add transactions, check balances or adjust your budget as needed. Apps are available for Apple products, including the iPhone, iPad and iPod touch, and there is an app available for Android devices as well. The only downside to these apps is that you must also have a Dropbox account to sync your desktop program to your mobile device.

Budgeting
Compare
9.4/10
Quicken Premier
Moneydance
Buxfer
Quicken Starter
BankTree
MoneyLine
YNAB
Mvelopes
AceMoney
iCash
10
9.4
8.8
9.4
7.5
8.8
9.4
8.1
6.3
6.9

Creating, editing and managing your budget is straightforward. After clicking on the budget tab, spending categories populate, including those categories that already have balances so you can see what you've already spent for that category. You can also filter out the displayed categories to remove any superfluous line items, choosing from only budgeted items or active items.

To adjust the budget limit, you just enter the amount. Once the budget is set, the program color-codes the spending trend. If the balance is zero or not close to nearing the limit, the category appears green. Yellow means you're approaching your limit or have just reached it. Red means you've gone over the budgeted amount for that specific budget limit. Alerts are available so the program will warn you if you go over budget.

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. And you can individually edit and adjust any category whose budget you copy over in case any adjustments are necessary. If you wish to have the unspent amount from the previous month roll over to the next, you can choose that option as well.

Reporting
Compare
9.4/10
Quicken Premier
Moneydance
Buxfer
Quicken Starter
BankTree
MoneyLine
YNAB
Mvelopes
AceMoney
iCash
10
9.4
8.8
9.4
8.8
8.8
8.1
8.8
8.8
8.8

Moneydance offers some of the best reporting options of all the services we reviewed. There are choices for simple data reports, including a budget report, cash flow and income versus expense. Other reports also have charts and graphs for a quick visual of the data, such as the account balances, net worth and an income versus expense report. You can adjust the date range, selecting from a number of predetermined options, like year to date, month to date and quarters. You can also choose custom dates for any period of time.

If you wish to save any report you run, you can choose to print a hard copy or save a digital copy. Graphs can be saved as a PNG, and data reports can be saved as an HTML or CSV, which can be used in other programs, such as Excel. These exporting options are fewer than many other services offer.

Personal Investing
Compare
8.8/10
Quicken Premier
Moneydance
Buxfer
Quicken Starter
BankTree
MoneyLine
YNAB
Mvelopes
AceMoney
iCash
10
8.8
7.5
1.3
8.8
7.5
5
1.3
7.5
8.8

With this financial management software, you can keep track of your investments and keep an eye on your portfolio. As mentioned above, you can sync to your brokerage account, transferring balances and trades. The portfolio overview displays the value of your portfolio and total, the percent change, and cost basis. The register keeps track of trades, including the security, date, stock price, fees and balance.

The security details allows you to keep track of stocks and check them against the market. The program finds price information from Yahoo and Google Finance so you know your information is up to date. The program also offers investment report options, so you can create data reports for your investment performance and transactions.

Moneydance Summary:
9.3/10

Moneydance personal finance software is top of the line, offering the most important features we considered for our lineup. You can sync checking, credit card, investment and loan accounts so you can stay on top of your balances and transactions as they occur. While the mobile apps require Dropbox, this minor inconvenience is worth it to most to be able to keep track of your budgets from your smart phones and tablets. Creating and managing your budget is a breeze, and the options for reports can help you manage and keep track of your home budget, making this one of the best personal account software.

 
 
 

Moneydance

Pros
Moneydance has more reporting options than the majority of the other services we evaluated.

Cons
This software does not have goal or retirement planning options.

The Verdict:
 9.32/10

Moneydance is an easy-to-use program that offers powerful budgeting features and solid reporting options.