Moneyline Personal Finance Software Reviews

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Moneyline banking is an alternative to the mainstream banking system. Moneyline Personal Finance Software Reviews is a way of budgeting and tracking your finances that can help you to manage your money better. Learn more about Moneyline banking in this article on Moneyline personal finance review.

If you are looking for Moneyline personal finance software reviews, then let me give you some information about Moneyline banking. Moneyline personal finance review is also something that most people would like to know more about because of all the benefits it has to offer. If you are interested in learning more, just keep reading and you will understand how easy it can be to manage your Moneyline personal finances with the assistance of Moneyline banking.

Moneyline personal finance software reviews are usually very thorough and provide the reader with a precise picture of how good or bad the particular application is. The review is usually based on a number of criteria. Many factors may influence someone’s decision, including the design of the software, its functionalities and overall ease of use.

The number of personal finance software choices is overwhelming, but Moneyline has done the homework for you by identifying the best personal finance software. Our reviews will tell you everything you need to know about reputable products like Quicken and Mint.com, so you can focus on what really matters: growing your wealth.

What is Moneyline?

MoneyLine is a finance management solution that helps small businesses streamline operations related to money tracking, bank accounts monitoring, and spending management, among other operations. The financial reporting tools enable users to control finances and track bank account balances. It lets users handle and categorizing purchase and income transactions and balance savings and checking accounts.

Moneyline is a personal finance management software. It’s unlike other personal finance software that you have used on the market today. Most of the personal finance software use one-way synchronization. What does this mean? Let me give you a real-life example to show how this works.

MoneyLine Expense Tracking
MoneyLine Expense Tracking
MoneyLine bank reconciliation
MoneyLine bank reconciliation
MoneyLine reports
MoneyLine reports

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How much does MoneyLine cost?

Lifetime License – Home License

Starting price

$39.95 one time

Free trial

Available

Free version

Available

How easy is MoneyLine to use and deploy?

People who reviewed this software give it a 2 star rating for ease-of-use.

What do verified users say about MoneyLine

1.75/5 out of 4 Reviews

Showing 4 reviews

Lorraine

Company size: 1 employee

Industry: Writing and Editing

Time used: Less than 12 months

Review Source: Capterra4

Ease-of-use

out of 55

Value for money

out of 53

Customer support

out of 53

Functionality

out of 5

February 2018

An inexpensive option for easily and efficiently managing personal finances

Makes managing personal finances a breeze.

Pros

Managing personal finances isn’t a task you want to invest heavily in – either in time or monetary terms – but it’s important to manage efficiently. There are some good free web-based apps out there, but many fear that using a web-based application may compromise their privacy or security. Moneyline is a great little tool that makes tracking income and expenses and monitoring balances in bank accounts and on loans and credit cards super easy. It operates offline, although it has the option to link to your bank account and import transactions automatically if you prefer to avoid manually entering every transaction. It gives a clear overview of your financial status, with balances in every account clearly displayed, and you can easily track account history and transfer between accounts. It lets you set up as many categories, sub-categories, suppliers, and income sources as you wish to make classifying transactions super-easy, and the interface is user-friendly and easy to work with. It even lets you set up a budget and, if you like, can alert you to over-spending in any expense category. NCH is a very user-responsive developer that produces a wide range of excellent, low-cost software tools and supports an active user community. Moneyline is MS-Windows-compatible and appears to be robust, bug-free, quick to load, and fully usable without risks of conflicts with other software on your system. Just a great little tool.

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Cons

Account reconciliation seems rather quirky and I note from forum comments that many users avoid reconciling and just check their displayed balance against statements periodically. The notion of assigning an imbalance as an unidentified transaction seems odd to me. I would rather it be saved as an imbalance and be able to go in and fix it when an inspection of account history exposed the problem. The issue I’ve had is that once an account goes out of balance for any reason, it’s difficult – if not impossible – to rectify the problem. That said, I find reconciliation entirely unnecessary given the ease of comparing the displayed balance with your statement balance. Reporting is good, but not great. I’d like to see a wider range of reporting options. But it’s inexpensive software, so that’s probably an unreasonable expectation. The facility to link to your bank seems to be limited to US banks. Us Australian users are at a disadvantage there. For me, these are all minor issues, but given NCH’s approach to software development, I wouldn’t be surprised to see improvements in these areas before too long.

Patricia

Company size: 1 employee

Industry: Accounting

Review Source: Capterra1

Ease-of-use

out of 51

Value for money

out of 51

Functionality

out of 5

April 2021

Security issue

Never got to use it due to it asking for my bank account details and passwords in a way that did not feel would be limited to just my use.

Pros

I didn’t try to use it due to the security issues

Cons

It asks me for bank account details and passwords before you even get to know if it is safe to do so.

Reasons for choosing MoneyLine

Captera article

Malcolm

Company size: 2-10 employees

Industry: Retail

Time used: Less than 2 years

Review Source: Capterra2

Ease-of-use

out of 51

Value for money

out of 51

Customer support

out of 51

Functionality

out of 5

February 2020

Poorest software & support I have ever encountered

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It is do-do.

Pros

Easy to use, can enter as many accounts as you want.

Cons

1) Cannot trust the numbers. Moneyline comes up with entries/balances that are just plucked from thin air 2) An “update” was offered; I installed it. Then Moneyline shut down the software and demanded I pay a fee for the “update.” I could not use Moneyline at all, so I decided to buy someone else’s program. 3) Once an entry is reconciled it cannot be revised; if an error was made, you are stuck with it. 4) I emailed Moneyline several times for help; not once did they respond. 5) Once reconciliation of an account is begun, any small error, such as an entry that was not properly entered, requires that the reconciliation process begin all over again. Reconciliation can go on for hours! 6) All in all, one of the worst experiences I’ve ever had with software.

Reasons for choosing MoneyLine

I am an idiot.

Reasons for switching to MoneyLine

No support from MS Money

Response from NCH Software

Company size: 1 employee

Industry: Accounting

Time used: Less than 6 months

Review Source: Capterra1

Ease-of-use

out of 51

Customer support

out of 51

Functionality

out of 5

August 2021

Moneyline is not an integrated accounting system

There is NO customer support. I contacted Customer Service twice. Last time was [SENSITIVE CONTENT] and I still have not received a response. I am definately getting another accounting system. I will take responsibility for not investigating the program more thoroughly. I purchased it personal use, I sure am glad it’s not for a business because I can’t see how you could retrieve accurate income statements WITHOUT a lot of work,.

Pros

Nothing. it is hard to like an accounting program that does not give you accurate reports.

Cons

You cannot reconcile credit card accounts to statements You cannot produce an accurate income statement

MoneyLine Product Features

Budgeting

Income Statements Project Budgeting “What If” Scenarios Asset Planning Balance Sheet Capital Asset Planning Cash Management Consolidation / Roll-Up Forecasting General Ledger Multi-Company Multi-Department / Project Profit / Loss Statement Run Rate Tracking Version Control

Expense Report

Multi-Currency Spend Control Approval Process Control Invoice Management Receipt Management Reimbursement Management Time Tracking Workflow Management

Financial Reporting

Cash Management “What If” Scenarios Audit Trail Balance Sheet Consolidation / Roll-Up Forecasting

Top 4 Most Effective Personal Finance Software

When it comes to personal finance software, finding the right solution may seem challenging as there are a lot of options out there. But all software is not equal – some will make your life much easier, while others will allow you to customize your specific financial goals. Let’s take a look at five of the most effective personal financial software solutions available.

Top 4 Most Effective Personal Finance Software

1. Moneydance

Moneydance has a very straightforward interface and it allows for powerful budget options. You can sync information between various financial institutions and your transactions, and you can also manually edit and update your transactions. There is also a mobile app, where you can keep track of your finances on the go. The software doesn’t offer financial goal tracking or retirement options, but has powerful reporting features that users will love.

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With Moneydance you can also create multiple accounts and different budgets. This is perfect if you have more than one group of finances to manage. This software is perfect for basic planning, and handling your financial accounts effectively.

free software for personal finance

2. Quicken

Quicken is another popular personal financial software solution. It’s a bit more complicated but has powerful features. The Starter version includes investment options, as well as financial planning. You can manage your transactions, reconcile bank accounts, create invoices, process payments, and more. It’s a good option for individual finance software, and it comes from a reputable company too.

The only downside to Quicken Start is that it does not have advanced features for savings and investments. But if you don’t need advanced features, this is a great choice. It has all the tracking features you need, and a friendly interface.

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3. MoneyLine

Another great option for individual financial programs is MoneyLine. It gives you a very easy way to create and manage your budget. MoneyLine gives you good value for money and it is very simple to use. You can easily add accounts, create your own budget, and manage all your transactions in one place.

The platform looks a bit dated compared to other software, and unfortunately, there are no mobile apps available. Apart from that, it’s a pretty solid program and offers you all the features you need to manage your personal finances. As soon as your accounts have been set up, you can choose to sync with your bank account, credit card, and other investment accounts.

free personal financial software

4. iCash

iCash is another alternative that allows you to keep track of your investment accounts. It offers you the desktop option, which is quite unique seeing that most software options these days have gone the online route. The only downfall is that it does not get frequent updates, and unfortunately, it can’t sync with your financial institution.

One benefit is that you can upload files with the transactions that you have downloaded from your bank. It’s much easier than having to manually enter all your transactions, and it is an alternative to automatic sync. You can also create budgets, view your spending, and set limits based on the information provided.

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Conclusion

Moneyline personal banking, or moneyline banking is a term used to describe the services that banks provide to their customers. The term refers to the way in which people are able to transfer funds from their savings accounts and into various other accounts such as current accounts or credit cards. It also includes how they can withdraw cash if needed, and how they can pay bills via direct debit or standing orders.

Moneyline Banking is a technology-driven, fast-paced banking service that is revolutionizing the way people manage their money. Moneyline Personal Finance Review will help you learn about personal finance software reviews and much more

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