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Moneydance software review

We've put Moneydance through our intensive lab tests to see how it compares with other personal finance software packages.

In this article
What is Moneydance? How does Moneydance work? Moneydance review: at a glance How do I get started? How easy is Moneydance to use?
What help and support is on offer? What's Moneydance's mobile app like? How secure is it? Which? verdict on Moneydance Moneydance: FAQs

What is Moneydance?

Moneydance is a personal finance software package that offers a wealth of features to manage your money.

You can view your online banking, bill payments and investment tracking all from the same piece of software - and that's just the tip of the iceberg.

But how does it compare with the other personal finance software packages on the market like BankTree, Buxfer and You Need A Budget

We've put Moneydance through rigorous testing so you can decide whether it's the right personal finance software package for you.  

Our review includes the full results of our lab tests with ratings on data input, the dashboard, transactions, goal-tracking, report-generation, mobile app, security and an overall verdict from our personal finance software experts.

Members can log in to see the results of our analysis. If you’re not already a member, you can sign up to a two-month trial for Which? Money for just £1 to access this review and enjoy the benefits of a Which? membership.

Moneydance product review Specifications
Version tested

2017.7.1 (1671)

 Price

 

£47.75

 

More info

Bought in US dollars ($49.99 + VAT); we give the sterling equivalent

Free trial?

100 transactions in the demo

Compatibility

Windows, Mac, Linux, Android, iOS

Investment tracking

Yes

How does Moneydance work?

Moneydance is the ultimate personal finance package for those who are serious about understanding their finances. 

Its exhaustive range of features can easily handle even the most complicated budgets.

You can track investments and the programme is well designed for importing data from your bank.

Watch our video to see how Moneydance works and get a taste for how the software can help you take control of your finances.

Moneydance review: at a glance

Find out how Moneydance got on in our lab review on performance (including data input, set up, dashboard, reports, transactions and tracking), support and its mobile app.

Moneydance review Score

 

Performance
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Support
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Mobile app
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Test score
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How do I get started?

Our review reveals how quickly and easily you can get started using Moneydance.  

We asked our lab testers manually input two sets of fictitious financial data, and imported CSV and QIF files from various sources in order to rate the software for both ease and speed of data input.

Moneydance: data input Score
Ease of manual data input Logged out stars
Speed of manual data input Logged out stars
Importing data Logged out stars
Overall score Logged out stars

How easy is Moneydance to use?

Our lab testers tried out dozens of Moneydance’s features and issued star ratings for a range of performance indicators including dashboard navigation, transaction-grouping, report-generation, goal-setting and reminder scheduling functions. 

You can select the score table you want to see using the drop-down menu.

Moneydance: dashboard Score
Dashboard navigation Logged out stars
Dashboard look and user-friendliness Logged out stars
Overall score Logged out stars

What help and support is on offer?

When using personal finance software it's likely that you'll need some support to help you get the most out of the package.

We tested every element of Moneydance's customer support from its phone and email support to its FAQs and forums, in order to rate it based on the range and quality of services on offer.

Moneydance: support  Score
Step-by-step guide Logged out stars
Phone support Logged out stars
Email support Logged out stars
FAQs Logged out stars
Forums Logged out stars
Overall score Logged out stars

What's Moneydance's mobile app like?

The Moneydance mobile app is available for IOS and Android devices and acts as a companion app to the desktop application.

Find out how it was rated in our lab tests.

Moneydance: mobile app Score
Mobile app information view  Logged out stars
Ease of syncing  Logged out stars
Ease of adding receipts Logged out stars
Utility of app Logged out stars
Overall score Logged out stars

How secure is it?

When entering your financial information you want to be sure it's safe.

Find out how Moneydance scored for security in our lab review across its desktop programme and mobile app.

Moneydance: security  Score
Security with all options enabled (desktop) Logged out stars
Security with fewest options enabled (desktop) Logged out stars
Quality of encryption methods (desktop) Logged out stars
Navigating security and privacy options (desktop) Logged out stars
Security with all options enabled (mobile) Logged out stars
Security with fewest options enabled (mobile) Logged out stars
Quality of encryption methods (mobile) Logged out stars

Which? verdict on Moneydance

We reveal how useful Moneydance is for beginners who struggle with computers and organising their finances, as well as how suitable it is for advanced users who are more experienced in these areas.

Moneydance: verdict Results
Suitable for Logged out detail
Not suitable for  Logged out detail
Pros Logged out detail
Cons Logged out detail

Find out more: Best personal finance software - see how Moneydance compares. 

Moneydance: FAQs

Is Moneydance compatible with Microsoft Money and Quicken?

Moneydance is compatible with Microsoft Money and Quicken.

Can you import information automatically by linking to your bank account?

Moneydance won’t allow you to automatically import data from a bank account if you live in the UK. 

Instead, you can download your data in a standard format and then upload it to the application or just manually input the values.

Does Moneydance work on Apple Watch?

Moneydance is not available on the Apple Watch.

Is it possible to have multiple accounts?

Moneydance allows you to create an unlimited number of accounts and they can be opened at the same time in different windows.