Top positive review
172 people found this helpful
The new way to manage your money!
on March 26, 2001
Moneydance, the newest kid on the block of the personal financial software world. Most people probably don't even know about it yet, but this product is the new way to manage your finances on your computer. Being an unsatisfied Quicken user I decided that it was time to look for something else. After some searching, and wading through a host of unsuitable programs, I came across Appgen Moneydance. The site said that I could download a beta version for free, so I tried it. I was able to import my accounts from Quicken into Moneydance without a problem, and learning the rest of the interface took me all of an hour. I found the interface to be crisp, clean, and very simple to navigate. Setting up an account was very simple, and as I began to use Moneydance, I discovered that it uses double entry accounting, thereby forcing the user to account for the deposits and withdrawals in both their originating and destination accounts. I really appreciated this feature, because it enabled me to track all of my income and expenditures.
The graphing and reporting capabilities of the software were better than I expected. Theses features allowed me to keep a really tight grip on all of my accounts, by showing me the activity in a detailed, broken down format.
The stock portfolio manager was just fine for me. I am not a heavy stock market player, and I found the tools provided to be more than adequate. The only tricky part I found was that I had to create a portfolio account before could enter securities, however, when I tried it, the same thing happened in Quicken.
The feature that struck me as being the most powerful is the ability of Moneydance to run on any platform. This allowed me to work on my account on my PC, and take my saved file over to a friend's Mac and work on it through Moneydance on a Mac. This is an overwhelmingly powerful feature, because I am not limited to the type of O/S that I want to use, I can always keep my program and data.
Overall, I was so satisfied with Moneydance I am going to use it to do all of my finances. I will never go back to Quicken or use any other finance manager. I would give Moneydance five stars and highly recommend it to anyone who asked me.