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Moneydance

*Est. $50
Reviewed
August 2012
by ConsumerSearch
Moneydance

Alternative personal accounting software

Pros
  • Runs on Windows, Mac and Linux operating systems
  • Supports multiple currencies and languages
  • Free trial download
  • Automatic transaction downloads
  • No ads
Cons
  • Lacks advanced financial planning tools
  • Financial analysis tools fairly basic

Moneydance offers many of the features that Quicken Deluxe has, except sophisticated tools for financial planning and analysis. However, Moneydance runs on multiple operating systems and supports multiple currencies and languages, and you don't have to look at advertisements when you use it. Support is available via a help program embedded in the software, a user's guide, a user's forum and email. Overall, reviewers recommend Moneydance as worth trying, since it offers a free trial. Those who want more advanced financial and retirement planning tools may prefer Quicken 2012 (*Est. $30 and up), according to experts. Moneydance offers discounts for users upgrading from previous versions of the software.

Reviews of Moneydance 2011 are hard to find. About.com discusses some of its new features, but has not yet tested the software. We found comparative reviews of Moneydance 2010 at TopTenReviews.com and FinanceSoftwareStore.com. Macnn.com and The Unofficial Apple Weblog have brief single-product reviews, and About.com provides an overview of the new features the 2010 version has to offer. With only a handful of recent reviews by contributors to Amazon.com, Moneydance maintains an average score of 3.5 out of five stars.

Our Sources

1. TopTenReviews.com

In their 2012 roundup of personal finance software, the editors of TopTenReviews place Moneydance 2010 in fourth place, losing a few points because its help section is deemed a little vague. Overall, the review concludes, "Moneydance has a lot going for it: Online banking and bill paying are as automatic as they can be, investment information can be imported easily, budgets can be made and tracked, checks can be written and printed, and the list goes on." It is rated an excellent value.

Review: Moneydance 2010, Editors of TopTenReviews.com, As of August 2012

2. TopTenReviews.com

Moneydance 2010 comes in at second place in this review of personal finance software for Mac users. Calling it "one of the top Mac personal finance solutions," the editors award Moneydance 2010 full marks for budgeting, banking and investment tracking.

Review: Moneydance, Editors of TopTenReviews.com, As of August 2012

3. Macnn.com

This brief review discusses improvements and new features offered by the 2010 version of Moneydance. According to the editors, it adds capital gains reporting, as well as new options for filtering reports and graphs. Other improvements include a quick-search function for finding transactions from the home page, and a more detailed budget bar.

Review: Moneydance 2010 Adds New Graphs and Reports, Editors of Macnn.com, Dec. 8, 2009

4. FinanceSoftwareStore.com

The comparison of personal finance products on this site has been updated to consider Moneydance 2011, which is rated one of the top three accounting software options for 2012, with a rating of 8.5 out of 10. There is no full-blown review here, but a comparison chart details the features of Moneydance 2011, Quicken Deluxe 2012 and several other accounting software packages.

Review: Best Personal Finance Software Programs, Editors of FinanceSoftwareStore.com

5. Amazon.com

More than 40 customer reviewers at Amazon.com give Moneydance an average of 3.7 out of 5 stars. There are only a handful of recent reviews, with users divided between liking the product and those that had problems importing files from Quicken. Mac computer users who purchased this product are equally divided in their views.

Review: Moneydance, Contributors to Amazon.com, As of August 2012

6. The Unofficial Apple Weblog

This is primarily an outline of Moneydance 2010's features. Reviewer Steven Sande asks readers what personal finance manager they use on their Macs, and more than 50 people respond. Several say they use Moneydance, including one who writes, "I've been using it for six months. It works fine, performance is good, and it beats the $%&# out of Quicken." Another user says he settled on Moneydance because it offers "blazing fast performance, correct import of my QIF file, all the features I need, and a reasonable price."

Review: Moneydance 2010 for Mac Arrives; Another Personal Finance Alternative, Steven Sande, Dec. 8, 2009

7. About.com

About.com's finance software guide says although she has not had a chance to try out Moneydance 2011, she's intrigued by its new features, especially its ability to import directly from Quicken Essential for Mac. (Note: ConsumerSearch is owned by About.com, but the two don't share an editorial affiliation.)

Review: Moneydance 2011 Now Available, Shelley Elmblad, May 16, 2011

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