![]() ![]() The feature for copying an entire budget over to the next month is useful and saves time if your spending remains the same each month. If you want to set alerts you can have the software remind you when you are reaching a limit. You can change the budget display and look at only current items, and you can adjust the budget limit as you progress through the month. The color of the line changes as you get close to your limit or exceed it. ![]() You start by creating a budget and then adjusting the categories with individual limits. The budgeting tool in Moneydance is effective but not entirely comprehensive – it doesn’t seem to be the main focus for the software. Moneydance links to stock price information sites so you can check the value of stocks in real time. ![]() Through this accounts feature you can view the total value or monitor individual stocks or funds. Moneydance adds a little more to the accounts offering by focusing on investments, and you can bring your portfolios into the program in order to watch your stocks, bonds, and mutual funds. And you can attach files and documents to any transaction, including scans or photos of paper receipts. Use the feature to set up a regular payment schedule for transactions that occur often, and you can make sure you don’t miss any payments. The auto-complete section for the payee is useful and it helps save a little time. If you prefer you can add the transactions manually or use the accounts feature to reconcile the account against a statement. In reality, it is not completely automatic and it does need a bit of tweaking – for example you need to confirm each transaction after it has been brought in. It should automatically clean up and categorize transactions to keep the workload at a minimum for you. You can link to all kinds of account from checking to credit card and loan account. It will automatically download transactions from your accounts and allow you to make payments direct from Moneydance. If you like the idea of linking your bank accounts directly with your personal finance program, Moneydance is designed to meet your needs. A free trial is available if you need to look at the program before purchase. The cost is the same no matter how many different operating systems you use or how much data you work with. Moneydance is available as a one-off download ($49.99) to be installed on however many computers you have in your home. ![]()
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