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Personal finance software reviews

Best personal finance software

By Joe Elvin

Article 1 of 6

Put us to the test

Our Test Labs compare features and prices on a range of products. Try Which? to unlock our reviews. You'll instantly be able to compare our test scores, so you can make sure you don't get stuck with a Don't Buy.

Find out how we test personal finance software and discover which packages are the best at helping you manage your money. 

Personal finance software can help you manage your bank accounts, credit cards and investments, as well as your income and expenditure, all in one place on your laptop or computer.

Video guide: What makes Best Buy personal finance software?

Watch our video to find out what to look out for when you're buying personal finance software.

Video transcript

Personal finance software allows you to keep an eagle eye on your finances and make smarter financial decisions. But with so many packages available, it can be difficult to know which one to pick, that's where which? comes in.

We've put personal finance software packages
through rigorous testing in lab conditions and assigned each a score based on the features that are most important to you.

The worst packages we tested provide an awkward user experience, take hours to setup and have customer support only via email, but our best buy personal finance software is highly intuitive allowing you to easily monitor your accounts, set financial goals and create custom reports all from within the same package. We measure how well each package monitors your accounts, tracks your investments and presents your financial data as well as how long it takes to get set up.

We also test how easy it is to navigate the program, input data and search for transactions as well as reviewing the level of email, telephone and online support you get.

To find out which personal finance
software package perform the best in our grueling testing, sign up for �1 pound trial to Which? by clicking the link below.

Personal finance software - lab tests 

We put five leading packages – AceMoney, BankTree, Home Accountz, Moneydance, and You Need A Budget (YNAB) – through comprehensive testing to help you find one that is easy to set up and easy to use.

Based on these lab tests, our reviews provide star ratings for 18 elements of the software.  

You’ll find out which personal finance software packages are best for setting goals, generating clear financial reports and pulling in information from bank accounts, credit cards or investments. 

Our two Best Buys allow you to manage your financial incomings and outgoings with ease. Others had pros and cons, while one package proved to be very inflexible, unintuitive and difficult to learn, scoring a miserly 56%. 

Members can log in to see the results of our tests. If you’re not already a member, you can sign up to a £1 trial with Which? to access this review and hundreds of others.

Best and worst personal finance software
    Test performance    
Best Buy? Software Data input Performance Support Mobile app Investment tracking Test score
Subscriber only content No 76%
Subscriber only content Yes 72%
  Subscriber only content Yes 67%
  Subscriber only content No 67%
  Subscriber only content Yes 56%

Tests took place in April/May 2017. Data input: Considers the ease and speed of which you can enter your financial data. Performance: Considers the ease of use and overall quality of software in a range of areas including data input, search, report-generating, reminder-setting and goal-setting. Support: Considers range and quality of support services, including step-by-step services, email support, telephone support and help forums. Mobile app: Considers how easy the companion app is to install and use, as well as the range of features. Test score: Ignores price. Score is made up of: performance 75%; support 15%; app score 10%. Test scores are not directly comparable to previous years' results.

Personal finance software - user tests

As well as the results of our lab tests, our reviews also include detailed comments from users of each personal finance software package.  

We asked a dozen Which? members, who admitted they were struggling to track their finances, to monitor their spending for one month using our highest-rated software.

Throughout the month, we surveyed them about their experiences to see if the software helped them gain more control of their household budget.

Our reviews feature detailed comments from each of these case studies, as well as opinions from other more experienced users, so you can see which package is most suitable for you.  

  • Last updated: June 2017    
  • Updated by: Joe Elvin
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Which? Limited (registered in England and Wales number 00677665) is an Introducer Appointed Representative of Which? Financial Services Limited (registered in England and Wales number 07239342). Which? Financial Services Limited is authorised and regulated by the Financial Conduct Authority (FRN 527029). Which? Mortgage Advisers and Which? Money Compare are trading names of Which? Financial Services Limited. Registered office: 2 Marylebone Road, London NW1 4DF.