Personal Financial Software Reviews For Mac
Feb 20, 2014 iBank 5 is an excellent personal finance application that makes it effortless to track your financial transactions, stock portfolios, as well as create budgets and reports to help you assess your. Most of the pieces of the software mentioned are suitable for Mac, as well as Windows. Some have web apps, whereas others have a dedicated program to install. Quicken, Turbotax, Future Advisor, Mint, and Personal Capital are all examples of personal finance programs that work well on Mac.
Financial management is not easy for beginners. It is important to use computer programs with user-friendly features. You need to have access to real-time support as well.
You may find tons of personal finance software for Mac but only few are worth trying. Qualities such as ease of use, real-time support, and pricing are what we’re looking for.
We gathered both developer and user reviews to help you in your journey. Here are 10 most efficient finance programs for your Macintosh computer.
You can track different types of accounts with iCash such as mortgages, liabilities, assets, stocks, bonds, and cash. It features language detection ability for ease of use. There’s no need for bookkeeping and accounting knowledge too. The software costs $49 with full support from the developers.
The software directly connects with at least 400 financial institutions and it is compatible with 150 currencies. You can also exchange currency rates and import stock prices. It can track your expenses, income, bills, personal budget, investments, and other financial accounts. The program costs $39.99 but you can also try it for 30 days.
A simple finance application for Macintosh is SplashMoney and it features synchronization with mobile devices. It allows you to remotely connect with your bank account under Blowfish encryption for better security. The interface is simple and you can customize the software’s icons as well. You can get it for $19.95.
Quicken features automatic categorization. This includes tag creation and account monitoring. You can also convert your file output for compatibility with other software. You can buy it for $39.99 with 60-day satisfaction guarantee.
You can easily plan and monitor your budget with MoneyWell. It features a budgeting system which you can synchronize with upcoming events like birthdays, bill due dates, and loan payment schedules. Its latest version features cleaner interface and smart filters for new users. It is available for $49.99.
The personal finance software for Mac with improved security is Fortora. It will establish secure connection with your bank, allowing you to print checks or synch your stock investments. You can also import data from your previous finance software to Fortora without experiencing compatibility issues. Buy it for $49.99 or download its free trial before purchase.
Management of bonds, stocks, liabilities, assets, and bank accounts is never easy without SEE Finance. It provides custom reports for easy viewing and it allows you to download your previous account records. It has comprehensive investment management as well with several filters for specific transactions. You can get it for $29.99 through different payment methods, including PayPal.
YNAB (You Need a Budget) was designed for users with no accounting and bookkeeping experiences. It uses a cloud platform, allowing you to download or synch your files with other devices anywhere. The latest version of YNAB features new interface, making navigation easier. It comes in several packages that include financial guidebook and prices vary from $60 — $90.
iFinance is available in 11 languages and translation includes labels, menu items, and buttons. With this software, you can easily attach receipts and invoices to transaction records. Mobile compatibility allows you to update your financial records wherever you are. iFinance is available for only $29.99 and it includes real-time online support.
Mobile banking becomes easier with Moneydance because it has auto-fill features for your previous transactions. It features graphing tools to let you monitor your financial progress. It has reminder features as well, allowing you to remember upcoming events before they happen. It is available for $49.99 and this includes mobile apps.
Use this list efficiently and get the product which fits you best. They come with fees so prepare your budget and stick with what you choose. If you want to share new personal finance software for Mac, then please post it via comments section below.
Budgeting is a discipline that’s not often met with excitement. Many assume that budgeting is something reserved for companies or, say, freelance workers. However, personal budget software is just as important as corporate one — it’s a fundamental understanding of where money is coming and going.
You may consider it to be boring, tiring, time-consuming, or difficult, but managing your finances well can help you achieve goals and stave off the stress of a rainy day. Thankfully, there are tools and apps on Mac which can help you get on top of budgeting, no matter how experienced you are.
Why Should I Use Budget Tracking Software?
If you haven’t done a budget before, you should start now. You never know when you might need a particular sum of money to solve an issue, meet a goal, or take advantage of a sudden opportunity.
Budget programs help you reduce the stress and uncertainty that comes with not knowing where you stand financially. If you don’t have a home budget software, you might be tracking towards a situation where you run out of money, without even knowing it. If you do have a budget, then you’ll have a documented plan of action to improve your situation.
Importantly, you don’t need any qualifications to do a budget, nor do you need to be good with numbers. Take advantage of the best budget software for Mac to help you take control of your finances without the hassle. Budgeting tools come in many shapes and sizes, so selecting the right one for you depends on personal preference and previous experience with managing money.
Handy tips for budgeting tools
If you’re ready to start your budget, it’s best to consider a strategic approach to ensure maximum utility. Too often, budgets sit collecting dust after being created, and sometimes the act of creating a budget could feel like enough to satisfy financial concerns — it’s not. Here are some tips for making the most out of your budget.
First of all, definitely use an app to help you manage a budget. App developers invest a lot of time and money into figuring out how their software can make your life easier and better, so rather than trying to understand all the nuances for yourself, let a dedicated app do it for you. There’s even some free budget software around, so you have very few excuses not to try!
If you run a business (or freelance on a side), a little bit of work each week means end of year taxes are a breeze. It’s not about doing a marathon of work in a few days, but making a habit to consistently do a little bit here and there. Try aiming for 10 minutes every few days. The best tax preparation software will also have reminders and notifications to help you achieve this goal.
It might sound contradictory, but budgeting isn’t always about getting the numbers 100% accurate. When it comes to tax preparation software — sure. But budgeting is mostly about understanding where your money is being spent and then using that information to make more informed decisions going forward. Therefore, make sure you categorize your transactions so that it’s easier to spot those minutiae differences and trends. The best finance apps should do this for you automatically.
In summary, you want to ensure you take advantage of the online budgeting tools available to you, aim to update your records frequently, and focus on categorization over accuracy.
Features of good personal budget software
The best personal budget software for Mac is easier to pin down when you know exactly what you’re looking for. Not all apps are the same — they vary by function and pricing. Generally speaking, there are a few key features you want to see in your budget software for Mac:
- It should be simple and easy to add new records or transactions
- Importing bank and credit card statements should be possible
- Automatically synchronizing statements will take the edge off your manual inputting
- Useful dashboards or visuals will help you understand your situation at a glance
- You should be able to categorize your transactions into groups
Out of those five key points, the ability to import is often the most essential. Importing saves you the hassle of adding each transaction into the money management software line-by-line, which adds up to a lot of time. It’s hard enough already to schedule frequent updates to your budget, so if you can remove the largest friction point of manual entry, then you’re in a good place.
The best budget software for Mac comparison
When it comes to programs to help budget money, there are countless options. It’s easy to get lost diving deep into each budget software review, but here are some of the best available, ranging from beautifully basic to powerfully advanced.
You’ve probably heard of Quicken, given that the name has been around since the early 80s. Even then, it was known as one of the best tax software companies around. That says something about the strong product, which carries all of the basic functions you’ll need to manage your budget well.
Right away though, you might notice that the interface has become somewhat dated in comparison to the newer contenders out there. But one of Quicken’s praised features is the ability to download bank statements and have the records automatically categorized, which can drastically reduce the time it takes to input your information, so you can spend more time making sense of it. Sadly, the Mac version is somewhat limited when it comes to advanced features, unless you splash out for the Home and Business edition.
MoneyDance is very similar to Quicken in terms of its basic features, including the ability to create a budget with notifications for bills and invoices. It also allows you to make your own charts and graphs to monitor spending habits over time, which can be seen on the homepage for a quick glance of your activity. Out-of-the-box integrations with online banking services also make it easy to send payments.
Unlike Quicken, Moneydance has some more advanced features including an investment monitor, which tracks your investments and their fluctuations — a useful addition, although best for the intermediate to advanced user. The app also has a developer API system in place to allow extended functions, mostly good for power users. Importantly, security is not an issue, as Moneydance utilizes end-to-end encryption for your data to give you that extra peace of mind.
You Need A Budget, also known as YNAB, is budget tracking software that runs on both Windows and Mac via web — saving automatically to the cloud, which is a bonus for multi-platform users. It also features native apps for iOS and Android, so you can literally tackle your budget from anywhere.
The app itself follows a simple design language, which is perfect for beginners, but if you find yourself needing help you can sign up for a personal instructor. YNAB doesn’t let you slack at all, and if you start to stray from your budget, the app will raise a red flag through it’s built-in Accountability Partner.
Although YNAB doesn’t support the ability to download and automatically categorize records from bank statements, it could be argued that entering them manually helps the user pay more attention to where their spending is going. Still, it’s a more time-consuming process that might be problematic for users processing hundreds or more records each month.
MoneyWiz stays true to its name — a comprehensive budget software and investment tracker that’s packed full with over 400 useful features. View your financial situation quickly by browsing accounts, groups, or searching for individual records. Speaking of records, you can enter them manually or have them automatically sync with leading banks, cryptocurrency exchanges, and financial services for an accurate real-time understanding of your accounts.
With all of this data in hand, MoneyWiz can prepare and export over 50 reports to help you gain deeper insights into your finances. Your data could be accessed from its cloud-based app or straight from the native software for Mac. All in all, MoneyWiz is extremely powerful: accessible for beginners and interesting for the most advanced users.
Receipts is yet another money management software for Mac, and is specifically well-known for its clever handling of invoicing. Using Optical Character Recognition (OCR) technology, Receipts automatically reads and translates important information about your bills, such as amount, date, currency, and more (even if the text is in another language).
Mac Financial Software
Besides, Receipts can issue payments for invoices directly using third-party providers, such as iFinance and BankX. The OCR technology alone makes it a strong contender against other more simple online budgeting tools. Not least, Mac users will be glad to see how this application was designed to look and feel like a macOS product. Using a familiar user interface could make life a little easier after all.
Personal Financial Software
Between the five options above, you have a strong starting point for your budgeting tools depending on your experience. Remember that importing is one of the key features to look for in budget programs. Still, in order to find the best fit you might need to try a couple of different options.
Personal Financial Software For Mac Reviews
Thankfully, both MoneyWiz and Receipts have a free 7-day trial that you can take advantage of by heading over to Setapp, an app subscription service for Mac that gives you access to over 150 macOS apps, including all the necessary budget tools. Getting MoneyWiz and Receipts at once? You won’t be disappointed.