![]() This view contains a table of all the transactions that will occur during the selected future period. The chart view gives a visual representation of your account balances over time. If you’re new to Moneydance you won’t have much transaction history to track but keep an eye on it over time to make sure your forecast is trustworthy. Your forecast is only reliable if your reminders are in line with your actual spending. Review Your Reminders Against Past Spending Select from the available accounts the ones you want to see a forecast for, choose the 'Future Period' and click Calculate. You can adjust the settings at the bottom of the window. The first time you open it you should see it generate a forecast for all your bank accounts and credit cards. In Moneydance, select the Tools -> Foresight Forecast menu. With your transaction reminders set up, it’s time to see how much money you’ll have in the future. The closer your transaction reminders represent the reality of your transactions the more accurate Foresight’s predictions will be. ![]() Even if it varies a little in frequency or amount. To really get the most out of Foresight, create transaction reminders for everything you expect to be coming in, going out or moving between accounts. Transaction reminders can also be entered automatically into the account register at the right time. ![]() Transaction reminders are a lot like budget items, only more specific in that they specify an account and have more flexible scheduling possibilities. That said, don't expect to use this app on your smartphone or tablet.Įditors' note: This is a review of the trial version of Moneydance for Mac 2014.Here's how to get up and running with Foresight budgeting using transaction reminders Create Transaction Remindersįoresight uses your configured transaction reminders to figure out your future spending and to review your past spending. It's a full-fledged personal finance manager with a slick interface, and while it does come with a price tag, its power and flexibility definitely make up for it. ![]() If you need to track your expenses on your Mac, look no further than Moneydance for Mac. While an iOS app is available, it is nowhere near as polished and powerful as the Mac version. The program's only major downside is the lack of decent mobile support. In terms of performance, you will be impressed with Moneydance's speed and relatively low demand for system resources considering its data processing features: it consumes only around 250MB of RAM. The app comes prepopulated with the most popular currencies, types of accounts, and expenses, but you can choose which types of prepopulated entries to show as well as create custom ones. Entry creation, which in the trial version is limited to 100 entries, is easy, though a bit overwhelming at first. ![]() To enjoy all its features, however, you will have to buy the premium version.įollowing a straightforward installation, Moneydance for Mac gives you the option to import previous databases or start from scratch. It covers everything you could want from a financial application - multiple account support, multiple currencies, printing, filtering, and more - all placed in a beautiful, well-designed interface. With its depth, plethora of options, and convenient report styles, Moneydance for Mac stands out as a professional financial software. ![]()
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