One expert writes, "AceMoney Lite is not only effective but also slick and easy to use." One limitation is that users can track only two accounts. If you want to manage more accounts you can upgrade to AceMoney (*Est. $40), which has the same features and gives you free upgrades for life. Both versions lack the sophisticated financial planning tools of Quicken and other rivals, 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 2012 (*Est. $30 and up), experts say. AceMoney Lite runs on Windows computers and on Macs with Windows emulation software.
We found brief reviews of AceMoney Lite at CNET and 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, the full-blown version of the software.
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, 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 7, 2009
AceMoney Lite is one of the eight free finance software programs reviewed by Shelley Elmblad, although it gets only a very brief review. Elmblad focuses on the paid version, AceMoney. Elmblad likes the active online community for help and suggestions and notes that the software is being continually improved. (Note: ConsumerSearch is owned by About.com, but the two don't share an editorial affiliation.)
Review: AceMoney Personal Finance Software Review, Shelley Elmblad, Updated Feb. 22, 2012
AceMoney 4.16 (*Est. $40) wins the Gold Award for 2012 personal finance software. This version is the same as AceMoney Lite, except that the user can manage more than two accounts. AceMoney 4.16 receives 8.1 points out of 10 points for ease of use, full marks for banking and billing, but only 7.5/10 for personal investing.
Review: AceMoney 4.16, Editors of TopTenReviews.com, As of August 2012
5. Which? magazine
Calling AceMoney Lite the "best free package available", the editors of Which? magazine say that it is extremely easy to use. However, with the capacity for just two accounts, it is more suited for people and households with limited financial transactions.
Review: AceMoney Lite Review, Editors of Which?, As of August 2012