One expert writes, "AceMoney Lite is not only effective but also slick and easy to use… the sole limitation is that users can create only a single account." If you want to manage multiple accounts you can upgrade to AceMoney (*Est. $30), which has the same features and gives you free upgrades for life. Both versions lack the sophisticated financial planning tools that rivals like Quicken Deluxe have, but they do offer direct downloads from banks (though they connect to far fewer institutions than Quicken does) and can generate a number of reports. Support is available from a user's group, the AceMoney wiki, and email; there is no phone support. Those who want advanced financial planning tools may prefer Quicken Deluxe 2010 ( *Est. $40), experts say.
We found brief reviews of AceMoney Lite at About.com and Download.com, and a detailed single-product review is posted at AssociatedContent.com. TopTenReviews.com has a full comparative review of AceMoney (*Est. $30).
Our Sources
1. Download.com
AceMoney Lite is an open-source application with a free download available on this site. Editors give it 4.5 out of 5, saying they like the "eye-friendly interface that is also fairly intuitive to use." Although you can manage only one account at a time, they say, "AceMoney Lite rivals well known… financial management programs in function and style."
Review: AceMoney Lite 3.19, Editors of Download.com, June 8, 2009
Reviewer Naomi Sutter says AceMoney Lite doesn't take up much disk space and its "interface is a model of simplicity." She takes the reader through the process of setting up the application, step by step. Overall, this is a very favorable review.
Review: AceMoney Lite Money Manager Review, Naomi Sutter, May 9, 2009
3. About.com
AceMoney Lite version 3.17 is one of the seven free finance software programs reviewed by Shelley Elmblad, although it does not get a full review. Elmblad likes that it "has an up-to-date look, supports investment tracking and offers e-commerce features," and concludes that it's well worth trying. (Note: ConsumerSearch is owned by About.com, but the two don't share an editorial affiliation.)
Review: 7 Free Personal Finance Software Downloads, Shelley Elmblad, Updated Nov. 19, 2009
AceMoney (*Est. $30) wins a Bronze Award for 2010 personal finance software. This version is the same as AceMoney Lite, except that the user can manage more than one account. TopTenReviews.com editors say, "AceMoney is extremely easy to navigate but lacks many of the important features our top rated products include." For example, it lacks advanced financial planning and analysis tools as well as tax planning tools. But for those who want "no-frills" personal finance software, this program is ideal.
Review: AceMoney 3.17.3 Review, Editors of TopTenReviews.com
Accounting Software Runners Up:
2 picks including: About.com, AssociatedContent.com…
1 pick including: About.com, Bright Hub.com…
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