The security details also allow you to keep track of stocks. The portfolio overview displays the value of your portfolio, the percent change and cost basis, while the register tracks your trades, including the security, date, stock price, fees and balance. (Image credit: Moneydance) Moneydance review: Investment trackingĪs already mentioned, Moneydance allows the tracking of investments and monitoring of portfolios once you've synced to your brokerage account, and transferred the necessary balances and trades. Should Moneydance not offer a report that you need, experienced programmers can use its scripting support service to help hand write a script in Python that will allow you to analyze your own data and create a custom report based on your needs. That said, the exporting options are fewer than are available at most other services, and you cannot export reports to a tax program. Graphs can be saved as a PNG, and data reports can be saved as an HTML or CSV, which can then be used in other programs, such as Excel. If you wish to save any report you run, you can print a hard copy or save a digital version. You can also choose custom dates for any period of time. You can adjust the date range, selecting from a number of predetermined options, including year or month-to-date and quarters. Other reports have charts and graphs for a quick visual of the data, such as the account balances, net worth and an income versus expense report. There are choices for simple data reports, including a budget report, cash flow and income versus expenses. Moneydance offers some of the best reporting options of all the services we reviewed. If you wish to have the unspent amount from the previous month roll over to the next, you can choose that option as well. And you can individually edit and adjust any category budget you copy over as needed.
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. You can also filter out the displayed categories to remove any superfluous line items, choosing from only budgeted or active items. 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. Moneydance review: Creating a budgetĬreating, editing and managing your budget is straightforward. The only slight inconvenience is that you'll need a Dropbox account to sync your desktop program to your mobile device. Mobile apps provide access to your Moneydance account when you're on the go, allowing you to manually add transactions, check balances or adjust your budget as needed. Moneydance at The Infinite Kind for $49.99.Importantly, you can also connect to investment and asset accounts to track your portfolio and other investments, allowing for a complete overview of all your finances in one place. Syncing to your bank allows you to reconcile your account against your budgeting records, including tracking missing checks, while the option to sync peer-to-peer lending accounts is also available, and not something that all services will offer. With Moneydance, you have the option of syncing all the typical account types - checking, credit cards, loans, and so on - to its software.
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