![]() GnuCash tracks a variety of account types, stocks, income, and expenses. This financial software can be used to track personal finances and also works nicely as small business accounting software. GnuCash: Thanks to the open-source software movement, GnuCash is free.Moneyspire: Personal finance data in Moneyspire can be shared among multiple users on one computer or over a network, and data works with both the Mac and Windows versions of the software.AceMoney: Claiming it's the best alternative to Quicken, AceMoney is a strong alternative, although it doesn't offer online bill payment or transaction downloads.You can download it for Windows or Mac, and there's a mobile app for both iOS and Android. A much-improved budget feature and easier loan tracking are two of the improvements. Quicken: This program offers more power and flexibility for personal finance software users.Set a budget to keep track of your spending so you dont overspend on specified categories like Dining Out. Keep track of your bills so you never forget to make a payment again and avoid late fees. Categorize your spending and income with customizable categories. An app version is also available for iOS and Android devices. Keep track of your bank accounts, credit cards, loans, cash or investment accounts. Moneydance: You can download a version of this software for Mac, Windows, or Linux operating systems.It will be at the bottom of the Accounts tab in the Closed accounts section. You should check this box when the account is no longer active. I’m the lender for this loan (for loan accounts)Ĭheck this box if you are the lender for this loan, such as if you lent money to a friend. For example, you may want to enter the bank's phone number, address, etc. These are any notes you want to enter about the account. It will allow you to right click on an account and go to the account’s website so you can for example easily check your account statement or balance. This will help you set money aside for your financial goals, such as a vacation or a new car without needing to open a separate account at the bank. You can transfer money between “Checking” and “Vacation” but the total “Checking” balance will not change and will match what it really is at your bank. This lets you create a sort of virtual savings account that does not exist outside of Moneyspire. For example, you can add an account called “Vacation” and then set the parent category as “Checking” so the account would be “Checking:Vacation”. This allows you to specify a parent account for this account, thus making this account a sub-account. For loan accounts, this is the interest amount and additional charges. Interest rate (for credit cards and loan accounts)įor credit card accounts, this is the interest rate of the credit card. For loan accounts, this is the loan principal, which is the amount of the loan minus any fees and interest. This is the account's current balance, and what Moneyspire will start off with. Initial balance/Initial balance owed/Loan principal Usually this should be set to your local currency, however there are instances where you may have an account in a different currency (such as a foreign bank account). Investment: This is used to keep track of investment accounts such as stocks. ![]() ![]() Other Liability: This is used to keep track of other kinds of liability accounts which are not listed above.Other Asset: This is used to keep track of other kinds of asset accounts which are not listed above.Loan: This is used to keep track of a loan, such as a car loan.Cash: This is used to keep track of daily cash expenditures, or "cash in hand.".Credit Card: This is a typical credit card, charge card, etc.Bank: This is a typical bank account, such as a checking or savings account.This is the kind of account you are adding. This is the account's number (such as a bank account number) and is used solely as a reference for your convenience. You can enter any name you want, for example: "Checking," "Visa," "Joe's Bank Account," and so on. Below is an explanation of the fields you have to fill in: Account name To add a new account, click on the Tools > Accounts menu option and then click the Add button. To keep track of an account's activity, such as your checking account, you must first add the account to Moneyspire. ![]()
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