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Moneydance software review

We put Moneydance through our intensive lab tests and rated how easy it is to get started, generate reports, access support and use its mobile app. Find out how it stacks up.

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 safe is Moneydance to use? Open Banking and Moneydance Which? verdict on Moneydance Moneydance: FAQs Get top money-saving tips from Which?

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 put Moneydance through rigorous testing under lab conditions, analysing the features we know are important to you and providing star ratings to help you compare packages. 

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.

Moneydance product review Specifications
Version tested

2019.3 (1880)

 Price

 

£49.99

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.

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

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?

We reveal how easy it is to set-up and start using Moneydance.  

We asked our lab testers to 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
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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
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Overall score Logged out padlock

 

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

What help and support is on offer?

When using personal finance software, you may need some help to 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
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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 padlock
Ease of syncing  Logged out padlock
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How safe is Moneydance to use?

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
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Quality of encryption methods (desktop) Logged out padlock
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Security with all options enabled (mobile) Logged out padlock
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Open Banking and Moneydance

Moneydance won’t allow you to automatically import data from a bank account.

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

Moneydance is not set up for the Open Banking scheme, which allows you to share current account data via a secure application programming interface (API) without handing over your login details. Firms using Open Banking are regulated, and security protocols protect your data.

Find out more: Open banking: sharing your financial data explained 

Which? verdict on Moneydance

We reveal how useful Moneydance is for beginners who struggle with computers or finances, as well as how suitable it is for advanced users with more experience.

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

Moneydance: verdict Results
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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 by double-clicking on the account name.

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