Moneydance For Mac

Keeping track of one’s personal finances is not particularly easy, especially if you are using multiple checking and savings accounts, venture into different investments and you also need to function on a budget.

Moneydance is a personal finances management application that provides a plethora of useful tools that will help you make educated decisions regarding your money.

When you first launch the Moneydance app you must specify if you want to import data from another app or create a new document and the account type. Depending on your decisions, Moneydance displays different elements in its main window.

To help you get started, when opting for a standard account, Moneydance will generate checking and a savings bank accounts where you can record all your transactions. The application provides support both for deposit and payment transactions and comes with a wide collection of income and expenses categories.

The best part is that Moneydance also includes a Graphs and Reports area that can help you analyze your spending patters by automatically generating various types of charts: account balance, asset allocation, currency history, expenses, income, income and expenses, net worth and much more.

Of course, all these elements can be personalized fairly easy by navigating to the Tools menu. Here you can easily access the accounts (Moneydance allows you to create bank, credit card, investment, asset, liability and loan accounts) and categories managers, change the base currency or adjust the exchange rate, customize the graphs, create budgets or set up reminders.

For your convenience, the Moneydance Home panel displays the current balance for all your accounts, your net worth, the latest exchange rates, a calendar, a list of reminders for your overdue and upcoming items and your expenses for the current month.

Moneydance includes a wide collection of finances management tools and predefined categories that will certainly help you deal with your transactions and accounts in an efficient manner.

Finding your way around the application is not extremely challenging, but you might want to browse the online documentation to learn everything that Moneydance has to offer.