Finance App

cycocelica

macrumors 68000
Original poster
Apr 28, 2005
1,799
0
Redmond, WA
I am looking for an app that I can keep track of my spendings (from bills to entertainment). It doesn't have to be free, but free is always better. I have tried Cha-Ching. Didn't like it, not for that price anyways.
 

KD7IWP

macrumors 6502a
Mar 8, 2004
648
2
American living in Canada
It had a learning curve to it, but Liquid Ledger does the job for me. I have searched endlessly for something to replace Microsoft Money (which I feel is the best financial app by far). It lacks in the area of reporting and graphs, but it is quick and teaches you a bit about accounting and journaling. Don't go with Quicken in my opinion, it's bloated and bad. I went for Liquid Ledger when they were first starting up and it has served me well, especially since I use multiple currencies.
 

KD7IWP

macrumors 6502a
Mar 8, 2004
648
2
American living in Canada
You have no idea how popular a question this is :confused: I have searched for so many years for something good. People's needs are so different too since some programs are designed for online banking and some aren't. I paid for Liquid Ledger since I couldn't find a free one I liked enough. I'll try to remember a few though, Cash, iBank, Buddi, EZ Money to name a few... look on the Mac OSX downloads page.
 

cycocelica

macrumors 68000
Original poster
Apr 28, 2005
1,799
0
Redmond, WA
As of now I am testing out Money and EZ Money. Both seem pretty good and will do what I need. I will keep trying them out and let everyone know.
 

bowlman23

macrumors regular
Jun 20, 2007
157
0
My main question is can I sync it up with my Commerce Account? Will it download my balances and whatnot?
 

shoelessone

macrumors 6502
Jul 17, 2007
345
0
I hated EZ Money, and iCheck (or was it iCash?).

I'm now trying "Cashbox". It's very simple, but for a student like me who is just trying to keep track of my spending ("how much did I spend on computer stuff this month? :(") I think it will work.

Of course you have to manually enter your account balances to start, and you have to update everything yourself (doesn't interface with online banking), but it allows you to apply labels to spending items so you can visibly see which purchases were "Bills", which where "Car/Gas", etc.
 

R1ch

macrumors newbie
Jun 6, 2007
29
0
Personally I have been using iBank 2 since getting my first mac. Really really like it so far - not free - but a quality app.
 

bowlman23

macrumors regular
Jun 20, 2007
157
0
Personally I have been using iBank 2 since getting my first mac. Really really like it so far - not free - but a quality app.
I have been looking at that one. Can you download your account information from your bank??
 

cycocelica

macrumors 68000
Original poster
Apr 28, 2005
1,799
0
Redmond, WA
EZ Money sucks. Doesn't come loaded with categories.

Now its between Money and iBank. The only complaint I have so far with Money is that they don't show you the balance you have vs. the balance before the checks cleared.
 

shecky

Guest
May 24, 2003
2,581
3
Obviously you're not a golfer.
how do you have yours setup?
well, i keep it pretty simple really. balancing the checkbook, etc i do all online with the banks web interface so i do not track that at all beyond looking at my accounts every couple of days.

i have one sheet setup with shared costs my girlfriend and i spend; every time we goto the market, or home depot, etc. and one of us pays we put the money in as a line item, split it in half and add it as a debit or credit; that keeps a running tally of how much money she owes me/i owe her at any given moment.

i have another sheet with basic client info like open invoices, what has been paid, what is due, etc.

all of my receipts go into a monthly folder that the accountant gets at the end of the year (this includes printouts of my utility bills i pay online and photocopies of cancelled rent checks since i write off part of that stuff as a home studio.) i also keep a sheet listing anything that is purely a business expense (computer stuff, office supplies, etc..) just as a reference.

theoretically i could do all this in some specific application (quickbooks, etc.) but i find excel easy to use and until i am managing more than myself and the occasional subcontractor i do not think i am going to change. i like to keep the money stuff as simple as possible. all you really need to know is take in more than you spend.

as far as the rest of my organizing goes, i am desperately trying to figure out some system that works for me (in terms of project management, to-do's, lists, calendars, etc.) as referenced on a post here, here and a few other forums.
 

twoodcc

macrumors P6
Feb 3, 2005
15,307
25
Right side of wrong
well, i keep it pretty simple really. balancing the checkbook, etc i do all online with the banks web interface so i do not track that at all beyond looking at my accounts every couple of days.

i have one sheet setup with shared costs my girlfriend and i spend; every time we goto the market, or home depot, etc. and one of us pays we put the money in as a line item, split it in half and add it as a debit or credit; that keeps a running tally of how much money she owes me/i owe her at any given moment.

i have another sheet with basic client info like open invoices, what has been paid, what is due, etc.

all of my receipts go into a monthly folder that the accountant gets at the end of the year (this includes printouts of my utility bills i pay online and photocopies of cancelled rent checks since i write off part of that stuff as a home studio.) i also keep a sheet listing anything that is purely a business expense (computer stuff, office supplies, etc..) just as a reference.

theoretically i could do all this in some specific application (quickbooks, etc.) but i find excel easy to use and until i am managing more than myself and the occasional subcontractor i do not think i am going to change. i like to keep the money stuff as simple as possible. all you really need to know is take in more than you spend.

as far as the rest of my organizing goes, i am desperately trying to figure out some system that works for me (in terms of project management, to-do's, lists, calendars, etc.) as referenced on a post here, here and a few other forums.
thanks for that. maybe i should try excel to do mine as well. i have to get organized like you are first i guess
 

R1ch

macrumors newbie
Jun 6, 2007
29
0
I have been looking at that one. Can you download your account information from your bank??
Found this comment from one of the software support guys on the iBank forum:

"iBank does not support automatic downloading of transaction data from your financial institutions. You must manually download the data and import it into iBank using the program's importing features."
 

ckeck

macrumors 6502a
Jul 29, 2005
710
60
Texas
Checkbook is my choice at this point...nothing special, but the best I can find so far.

iBank and Money are a close second...

Wish Microsoft would make MS Money for OS X :(
 

blackstone

macrumors regular
Dec 12, 2005
213
0
Washington, DC
I use Moneydance, which is able to download transactions online using OFX/QFX, which is the same protocol Quicken uses to synch with the banks. The interface is not particularly pretty, but it does everything I want it to and with less hassle than Quicken or (shudder) GnuCash.
 

mattw

macrumors newbie
Jul 13, 2007
17
0
I would recommend Budget

It uses an "envelope" method where you can put by certain amounts of money in each envelope for expenses you want to budget for. You can set up your salary to get split between these envelopes. Basically, it shows you your bank balance and it shows your "available" money which hasn't been allocated to other things.

You spend out of the envelopes or available envelope too, so you use tools to see how much you have spent on each envelope (aka category).
 

William9

macrumors newbie
Aug 19, 2007
8
0
I use Moneydance, which is able to download transactions online using OFX/QFX, which is the same protocol Quicken uses to synch with the banks. The interface is not particularly pretty, but it does everything I want it to and with less hassle than Quicken or (shudder) GnuCash.
I think that Qucken and MoneyDance are the only two Mac apps that download directly into your register. The others use the two step export, import process.
 

GoCubsGo

macrumors Nehalem
Feb 19, 2005
35,753
142
I have iBank but I'm still not convinced with it. I have used excel since switching to Mac, but I do wish my bank would allow me to download an xls file. Only options I have are money and quicken files and we all know only quicken is useful to Mac.
 

William9

macrumors newbie
Aug 19, 2007
8
0
I have iBank but I'm still not convinced with it. I have used excel since switching to Mac, but I do wish my bank would allow me to download an xls file. Only options I have are money and quicken files and we all know only quicken is useful to Mac.
I've never seen a bank that provided Excel download format, but some of them have CSV, which can be imported into Excel and databases. QIF and OFX seem to be the typical formats.