Moneydance - Cross-Platform Personal Finance 360
sreilly self-promotes: "Moneydance 2003 has just been released for Linux, Mac OS X, and Windows. This program is a completely cross-platform replacement for Quicken or MS Money. This is the first time that online banking and online bill payment has been available in a made-for-Linux application. It also has features that aren't available in Quicken such as an extension mechanism that lets developers easily add and distribute new features to the program."
Thanks but no thanks (Score:3, Interesting)
And forget auditing it myself, with an EULA that says:
I'll wait until something free (as in beer and speech) before I think it's secure enough for my data, thanks.
Re:Thanks but no thanks (Score:5, Insightful)
So you don't use banks or credit cards then? Because I don't know of a bank or credit card company that has opened up their software.
Re:Thanks but no thanks (Score:2)
Here's one. [networkmagazineindia.com] I'm not saying this is the norm, but it has happened. More importantly, it will continue happening.
I agree with your point, though. You can't always find GPL's apps where you want them. Personally, I still prefer them, if they are available. Not only can I see the source code, but a lot of other people can too. And yes, I do occasionally look at source code, and tweak a fiddly bit here or there. More impor
Re:Thanks but no thanks (Score:5, Insightful)
So tell me. Do you go through the pains of examining the source of every application you use?
But would you say, someone would eventually catch it in code? Sure, it'd a good argument. After all, web servers, name servers, XFree86... they have bugs, people catch them.
So here's my next question. There's one fundamental difference. If everyone ran a tampered copy of other free softwares, the damage would be minimal compared to say, transmitting your financial information to a server in Java (the island, not the language). After all, after I realized what that bugtraq code did, I killed the app. No permanent reprecussions.
Do you trust MS to not transmit your financial information when you do a software update? Do you use a machine with no net connection to prevent your financial info from spreading around? ANd if it did spread out once using GPL softare, who's fault is it?
Opensource isn't a panacea. It's a methodology. It's a way of making software secure over time, if people can contribute. It's about anyone going in and making improvements to their copy, or hell.. breaking it. It's not about instantaneous security. After all, did you audit your last linux install to maek sure it doesn't transmit your shadow file off to Alan Cox, since he's become a nut and hates all linux users now? (Not really.. but you get the idea).
Re:Thanks but no thanks (Score:4, Insightful)
Indeed. You are completely on the mark with this point. The Open Source methodology isn't a silver bullet. It is no talisman. It is no guarantee to secure systems.
But. This methodology is a first step towards peer review. It is a part of a proven process. So while its not pixie dust, it is a good move.
Re:Thanks but no thanks (Score:2)
The company could display their code, but keep it under a proprietary copyright liscense. I mean, books do it all the time.
Re:Thanks but no thanks (Score:2, Flamebait)
Now that I've gotten that out of my system...
If you have an affinity for OSS, that's great. I commend you. If you find a bug, report it to the author with a fix, or whatever. Really. If your quarrel is that they didn't do OSS, just ignore them. You have Money, Quicken, Excel...etc..
Just don't expect code to be completely secure just 'cause it's GPL. If tha
Re:Thanks but no thanks (Score:5, Insightful)
Seriously, software and politices are NOT the same thing. People need to grow up a little. I could maybe see the arguement of wanting to see the source, but free as in beer and speech just shows what you are really after; a free ride.
Re:Thanks but no thanks (Score:2)
If you aren't paying any money, you can't really threaten to pay less money or threaten to use someone else's product. because there's really no gain or loss on the part of the producer.
Re:Thanks but no thanks (Score:3, Interesting)
My point is that when the product is given at no charge, there's no incentive for the author to give in to the user base's demands. If I am selling a product with 10 features for $300, and the prospective market asks for 15 features for $200, I might give in as it's another $200 in my pocket. If a free product has 10 features and the users want another 5, it doesn't matter. Beggars can't be choosy.
I won't work for free and I won't program for free, and
Re:Thanks but no thanks (Score:3, Insightful)
Well write one and release it then.
Go on, if it is that easy to do, DO IT.
I dare you.
Put your money where your mouth is and develop/release such a program.
Re:Thanks but no thanks (Score:3, Insightful)
Why wait until something is free as in beer? Do you not believe in rewarding coders for their work?
I take it as you are a GPL promoter that you have read and understood the entire source code for the GNU/Linux distro which you use and every app which you use. If not, why not? Who knows what kind of data your distro may be sending back to the vendor?
Have you ever shopped online? A lot of the shopping cart
Re:Thanks but no thanks (Score:4, Interesting)
Quicken and MS Money both send their data to the financial institution as XML is a format known as "Open Financial Exchange" or simply OFX
Since OFX is an open standard and the data is encrypted via SSL then all this product is doing is taking data you enter via a GUI and converting it to an OFX message. I say "only" but in fact that's quite a lot of work.
I've been involved in writing the receiving end of this software at a major Californian bank and it's kind of nice that most of our work is aimed at meeting the OFX specification. If your product can work with that spec then certifying it with Quicken and MS Money is not too difficult.
BTW, on a funny note, while Intuit has quite an extensive QA process that we must go through to get our software certified to work with Quicken, Microsoft's certification consist of "Do you work with Quicken? Great, you're certified"
Re:Thanks but no thanks (Score:3, Informative)
How about GNU Cash [gnucash.org]? I've been using it for almost two years now and am very, very pleased with it. It is GPLed, so it is both free beer and speech.
The new business features allowed me to replace SQL-Ledger [sql-ledger.org] with it. I'm happily generating invoices and handling payroll with GNU Cash 1.8.2 now.
Re:Thanks but no thanks (Score:3, Insightful)
If you had said "under a {free|open source} licence", then that would have been an extreme, but reasonable, position. To specify the GPL specifically is religious nonsense. You might prefer to buy from a company that GPLs, but to say that software with some other free license is less trustworthy is absurd - the choice of free license is irrelevant to you if you don't plan to release changes to the so
Why not use Gnucash? (Score:3, Informative)
Re:Why not use Gnucash? (Score:2, Insightful)
Re:Why not use Gnucash? (Score:2)
Re:Why not use Gnucash? (Score:3, Interesting)
Re:Why not use Gnucash? (Score:3, Informative)
Re:Why not use Gnucash? (Score:5, Insightful)
Re:Why not use Gnucash? (Score:2)
I second that request, and would mod it up if I could. I have poked around in the gnucash documentation, and I'm a current user of it, but I would love to see some good user-directed documentation aimed at giving users lots of practical information.
-Alan
Re:Why not use Gnucash? (Score:3, Informative)
Re:Why not use Gnucash? (Score:3, Informative)
The link posted by the AC is very good. There's also a PDF [object-refinery.com] which is a pretty concise walk through the basic features (pre-1.8, but still very useful).
Also, when you start GnuCash for the first time, there's a "Druid" that will walk you through and help you get your accounts downloaded and set up.
I review (Score:2)
Re:I review (Score:2)
1) I don't work for slashdot, I just said I am happy I have the sub
2) I did not get it to avoid the ads -- I got it for the other benifits it gives. Like the see soon to come storys, the ability to have more friends and foes, able to look at more then the last 24 post of some one, I can go all the way back to their first post. That is why I got it.
Worried? (Score:2, Insightful)
I know that I shouldn't feel that way, but I don't like the idea of easy access to the code. I know "security through obscurity" isn't security, but "security through obscurity and good coding" is probably better than "security though good coding" alone.
Thoughts?
Re:Worried? (Score:2, Insightful)
Thoughts?
I think that since it's not open source, you just wasted your time.
Re:Worried? (Score:2, Insightful)
Well, sort of... but obscurity does not generally lend itself to good coding. (That argument is a very slippery off-topic slope so I'll stop now.)
When it comes to a financial app, whether it goes on the 'net or not, I very much do not want obscurity -- otherwise I might end up installing something that both does my taxes and mucks with reserv
Re:Worried? (only if I would use it) (Score:4, Insightful)
Thoughts?
Just the opposite. Security through good open code, that can be reviewed by people who understand this and confirm that there is real security is much more secure that "I've written good code, trust me" type code. The bad guys who want your data, you bank accounts and your identity are not going to be stopped from reverse engineering the code by an EULA. If an EULA only stops honest people from checking the validity of the code, then one has to ask "why have it?".
Re:Worried? (Score:2)
As for accessing over the internet, one can only hope they're using standard protocols like SSL to encrypt the data and certs to know you're talking to a bank and not a man-in-the-middle.
Re:Worried? (Score:2)
Actually, they aren't so much mutually exclusive as much as security through good coding makes security through obscurity superfluous.
What is important in this, however, is that the relationship is not symmetric. Security through obscurity does *NOT make security through good coding superfluous -- in fact, just the opposite is generally true.
And from the Open Source corner... (Score:3, Informative)
I've never used it, but it certainly seems like a worthy contender.
Re:And from the Open Source corner... (Score:4, Informative)
What I think GNUCash is missing most of all, however, is cross platform compatblity. I know it handles QIF files but the program itself has not been ported to Windows or MacOS yet. Many people these days have multiple OSes and I don't want have to reboot my machine in order to balance my checkbook (this arguement applies to both MS Money and Quicken as well).
GNUCash has alot of potential and I might just start using it with the hope that cross-compatablity comes later.
Re:And from the Open Source corner... (Score:4, Informative)
Yup; recent, but there: http://fink.sourceforge.net/pdb/package.php/gnuca
Re:And from the Open Source corner... (Score:2)
Using GnuCash is just fine. It works well and is robust in my experience so far.
However, compiling it from source is the single most painful experience I have ever had with open source sofware without exception.
money money money (Score:5, Funny)
-1: Troll
Re:money money money (Score:2)
Re:money money money (Score:5, Funny)
Since the average linux user has no girlfriend, yes, he does still have some money.
Re:money money money (Score:3, Funny)
most Linux geeks I know are married (including myself). Working a UNIX heavy tech job probably draws more of that sort...
I have to manage my wife's money - she's to money what a heatsink is to heat. Now if she'd only stop overheating (er, bouncing checks)...
Re:money money money (Score:2)
Impressive (Score:5, Insightful)
So, since the homepage refused my connection:
Can I install the client on multiple machines without an additional license? Does it work with Bank of America seemlessly (ie, I don't have to futz about with dl'ing the transactions manually). Can I import Quicken 2003 data? How much does it cost? What libraries did you use for the cross platform work?
Re:Impressive (Score:5, Informative)
Unfortunately, the FreeBSD box it is hosted on keeps rebooting.
Can I install the client on multiple machines without an additional license? Does it work with Bank of America seemlessly (ie, I don't have to futz about with dl'ing the transactions manually). Can I import Quicken 2003 data? How much does it cost? What libraries did you use for the cross platform work?
multiple machines, one license: yes
bank of america: yes
import q2003 data: yes
cost: 29.99
libraries: java - jsse, jce, etc
Nice EULA (Score:3, Funny)
"<!--#include file="license.txt"-->"
On the bright side, it is quite possibly the most easy-to-understand EULA I've ever read...
Re:Impressive (Score:2)
That's just weird, man.
GREAT! (Score:4, Funny)
Re:GREAT! (Score:4, Funny)
No, my friend, all you need is love.
Re:GREAT! (Score:3, Funny)
make: *** No rule to make target `love'. Stop.
Damn!
Not for me (Score:4, Funny)
GF.
Re:Not for me (Score:2, Informative)
USD, CND, EUR
Dancing Money? (Score:3, Funny)
Intuit (Score:4, Insightful)
I hope they follow up with some nice tax software, so they can really hit Intuit where it counts.
Re:Intuit (Score:2)
MoneyDance (Score:5, Funny)
Re:MoneyDance (Score:2)
Maybe you need to talk to the Dance Man [watchmedance.com]?
Re:MoneyDance (Score:2)
Maybe you're not getting much money because your breasts are one or 3 cup sizes too small ?
Re:MoneyDance (Score:2)
Re:MoneyDance (Score:5, Funny)
This reminds me of my favorite far side. There were a bunch of indians standing around looking at one in the middle. The indian in the middle was holding a book titled "101 Rain Dances". Instead of rain drops, it was raining hand-crank egg beaters. The caption said, "Oh, one step to the left, then two to the right. What kind of dance was I doing?"
How new is this version? (Score:2, Interesting)
I tried the current moneydance out a few weeks ago, and it simply Didn't Work. After entering a few transactions, modifying one of them caused it to hang, and eventually crap out with the good 'ol NullPointerException.
If it's improved in the last few weeks, I might give it another shot, but only because GNUCash doesn't run on Windows.
Re:How new is this version? (Score:2)
If it's improved in the last few weeks, I might give it another shot, but only because GNUCash doesn't run on Windows.
Has anybody tried compiling GNUCash under cygwin? I know there are some GTK programs that have been compiled under cygwin (rather than using the GTK port to windows). I don't recall what dependencies GNUCash has, I just remember there's a LOT (I failed to build 1.6, but luckily Mandrake is including 1.6+ versions now).
Also, does anybody know about decent documentation for GNUCash? My m
Re:How new is this version? (Score:2, Insightful)
I checked around for that -- there have been various attempts, but I don't know of anyone who as succeded with it. The other option I was looking into was running it remotely on a seperate Linux box using cygwin's xserver, but I need to set it up, and I'm not sure it's worth the electricity for one application.
Regarding your other question, the documentation is at gnucash.org...
"Currently implemented and supported are the XML file backend, which stores
Re:How new is this version? (Score:2)
The other option I was looking into was running it remotely on a seperate Linux box using cygwin's xserver, but I need to set it up, and I'm not sure it's worth the electricity for one application.
Heh, I'm doing this already for Quicken, but I'm reading through GNUCash documentation right now. It really does look like it'll do what I want, and I'm willing to sacrifice online banking if necessary fianlly. I don't think my wife will object, since it's costing $6/month, and she's wanted to eliminate that e
Re:How new is this version? (Score:2)
Uhh... wrong (Score:5, Informative)
How about Mozilla? I've been doing all of my banking, and paying my credit card bills, over HTTP/SSL for ~2 years now. Which is exceptionally nice as my bank is a local credit union about 3000 miles away from my current place of residence.
If online banking with Linux is causing people problems, I would highly recommend finding a bank that supports doing this kind of thing over the web.
Re:Uhh... wrong (Score:2)
no thanks (Score:2, Interesting)
However I didn't download it or evaluate it because of an obnoxious license clause that said I waive all rights to a jury trial and agree to arbitrate all claims. Is that clause still there? (Can't tell because apparently they run their web site on a cell phone or something).
Although I don't anticipate being affected by that clause, I find it extremely arrogant that I give up a basic constitutio
I've been using it for a year... (Score:5, Informative)
The features are pretty good, in that I don't often want to scream at it and torch the hardware it's running on, like I do most software I use. My wife does most of the finances (whew!), and she seems to like it. I can't compare it to Quicken or whatever, because I haven't used them, but we always import our Quicken-formatted bank statements into MoneyDance with no problems.
Sorry I can't provide a more helpful review, but I just wanted to drop a "Hey, I'm using it, and it's at least decent" note, since no one else appears to have actually used it.
Moneydance (Score:5, Informative)
OK, so I finally got through (Score:4, Interesting)
Don't forget about Kapital (Score:3, Interesting)
So has anyone had good or bad online banking experience with any of these? I think all of them but gnucash are supposed to support it. I'd like to see a comparative review...
Re:Don't forget about Kapital (Score:4, Interesting)
In case you're interested in repeating the experiment, try setting up a house payment with all the correct accounts:
Asset: Escrow
Debt: Home Loan
Cash Flow: Checking
Set up payment from Checking to Home Loan for $900.00 (or whatever your house payment is). Then in House Payment, split that transfer into Principal (positive number), Interest (negative number), and Escrow (negative number). Click OK on Split window, BOOM! Down it goes. I use this technique all the time. Watching the Windows display, I think the Intuit folks actually do some goofiness with swapping the background window over to the account to which the negative transfer goes, and that may be the cause of the crash. In any case, happens every time on my two Linux machines.
The help is also broken, and I still rely on that a ton whenever I'm doing something new. You basically get blank screens on about half the help menu items. Some are populated, some aren't. It's very weird.
Other things that seem to be lacking in MoneyDance and GNUCash that I use all the time (I haven't tried either in about a year, though, so they may be updated):
* Most "planning" features, particularly setting up payment schedules automatically for debt reduction plans. My wife and I are on-track to get our house paid off in 9 years (only 5 years into the mortgage now), and it's largely due to this planning in Quicken.
* Automatic import into TurboTax. May not seem like a big deal, but when you run several businesses and hire an external tax preparation specialist, it's helpful if everything is in Quicken already that you can hand them a floppy disk with your TurboTax data for them to import into their whatever-program.
* Tax categories for just about everything under the sun, updated annually. I only use a handful of them, but when I know that a particular transaction is going to be a type of thing to end up on one of my forms at the end of the year, I can create a category for it and WOW! it appears on that form from TurboTax at the end of the year.
* Superb graphing & reporting. One-click graphs of where our money goes, easy reporting if we're on our debt reduction/savings plan targets, etc.
Admittedly, those features may be present in MoneyDance or GNUCash now. But they are definitely show-stoppers if I don't have them. And due to the bug in CXOffice, Quicken under Linux is really a non-starter at the moment, except when I need to glance at my finances. I regularly back up my data from my Windows machine, and import it into my GNU/Linux Quicken to I have the information available on my laptop in GNU/Linux all the time.
Really, the automated import stuff is a non-issue for me. I download a
Hope that answers the question! I'm eager to give MoneyDance anot
From the home page (Score:5, Informative)
Protect your privacy - and your peace of mind With Moneydance, you will not be bombarded with advertisements on your desktop, nor have your personal information shared without your explicit consent. Unlike some other applications, Moneydance does not install third party software on your computer to monitor or restrict your activities.
Online banking and bill payment: no paper? no problem Pay your bills in seconds without writing a single check. With Moneydance you can automatically synchronize your records with transactions downloaded from your bank. Moneydance currently can perform online banking and bill payment with hundrededs of financial institutions. Moneydance also integrates nicely with the Paytrust online bill payment service.
Manage your budget Moneydance lets you easily create and manage multiple budgets and shows you where your accounts over or under budget. Simply specify how much you expect to earn or spend in each category for a given time interval (weekly, monthly, yearly). Moneydance can then show you a comparison of how your budget compares to your actual income and expenses for any time period.
Stay on schedule The ability to schedule recurring or future transactions in Moneydance makes it easy to plan for bills, loan payments, and paychecks. On the starting screen Moneydance shows all of your upcoming or overdue reminders, and you can view future and past reminders for any month. Special loan payment reminders automatically calculate principal and interest payments for mortgages and other loans. You can even print a monthly calendar that includes your scheduled items.
Visualize your wealth Another great reason to use Moneydance is that it lets you easily visualize your finances. With Moneydance's built-in graphs you can view your accounts from many angles. The Net Worth graph allows you to view the total value of all of your accounts over time. The Expenses graph provides a clear picture of where your money is going and when. Other graphs include Account Balance, Currency History, Income vs Expenses, and more. Moneydance can also remember commonly used graphs so that they are accessible with a single click from the main screen.
Get the details, quickly Moneydance provides a variety of reports detailing information about your accounts. Built-in reports include: Budget, Missing Checks, Net Worth, Account Balances, Cash Flow, Detailed Cash Flow, Transactions, Cost Basis, and VAT/GST. You can also tell Moneydance to remember commonly used reports so that they are accessible with a single click from the main screen.
International ease If you ever cross national borders you will appreciate Moneydance's built-in support for multiple currencies. Recording international transfers is a breeze - simply specify the amount and the currency, and Moneydance will automatically calculate the value in the context of the current account. You can download Up-to-date exchange rates from the Internet automatically with the OandA.com exchange rate updater extension.
Compatible, standards-based reliability Moneydance uses industry standard technologies such as OFX, QIF, SSL/TLS, Java, and XML to ensure compatibility with other software and services. In addition, with our open API and Extension Developer Kit you can be sure that third parties will always be able to integrate their services with Moneydance.
Understand your portfolio Today's investment portfolios are as complicated as ever. Moneydance can bring your investements into focus with support for tracking stocks, bonds, CDs, mutual funds, and more. The investment account overview sho
How robust is the database? (Score:5, Interesting)
Never mind which product. I've heard the other one is worse anyway.
It's not just me. A Google(tm) search revealed that this has been a problem for years.
So -- what does Moneydance have on the back end? Can I trust it not to fail unrecoverably just before tax time? Are there repair facilities if something goes wrong? Do they work? Can I export to some simple text or XML format that I can inspect and patch if need be?
In Java (Score:3, Insightful)
It's written in Java, which means, by my experience, it will tend to get stuck in infinite loops, consume all of RAM, and (thereby) crash my other programs. People tell me that's the various JVMs' fault, not the language's, but I haven't discovered yet how to apply that fact usefully.
Are there any successful Free Software projects written in Java and popular outside of Java development shops? (I don't mean that question rhetorically -- post 'em if you got 'em.)
Who names this stuff? (Score:3, Funny)
I won't pay bills online ... (Score:4, Insightful)
" Depending on who you sign up with, fees range from free to $10 a month. Use a service that stands behind its electronic payment, such as paying late fees and handling problems with vendors if you made the payment several days before the due date. When you figure the cost of the check, stamp and envelope for every transaction, a small monthly fee is worth it. "
I, on the other hand, don't trust anyone. I have to put my signature on everything - even if it takes more time out of my life! It's the same when you use a debit card. If you want to dispute the charges, for whatever reason, the cash is gone from your account until the dispute is resolved - if ever. This is unlike a credit card where the credit card company takes the risk. With online bill paying or debit cards, you take all the risk. So, if someone rips you off, well, you eat it!!
In short you're risking, although unlikely,an event of having a very bad situation of having too much cash taken out of your account, or having a bogus charge against your account and having limited recourse to get the money back.Re:I won't pay bills online ... (Score:5, Insightful)
If you open a chequing account you run the risk of someone forging a check.
If you have a credit card you run the risk of someone using it without your permission.
If you keep your money in a paper bag under the mattress you run the risk of the boogeyman coming to steal it.
Re:I won't pay bills online ... (Score:2, Informative)
I have to disagree with you here. If your debit card says "Visa" in the lower right hand corner, you are in fact protected: http://www.usa.visa.com/personal/cards/visa_check . html
DebtMinder (Score:2, Informative)
I'm not affliated with DebtMinder [ithinksolutions.com]. But I think it's an interesting solution to debt management that I'm not sure if the other 'checkbook' software have covered or not.
From Freshmeat:
Debt Minder is a specialized tool for debt management. It is user friendly, complete, functional, and economical, and considers account subtleties such as introductory APRs, varying interest rates, split interest rates, external payments, and more. Its visualization capabilities include pie charts, line graphs, bar charts
Scuse me while I kiss the sky... (Score:2)
You are wise, young grasshopper.
System requirements and download link (Score:3, Informative)
64 Megabytes of RAM
Windows 95 or higher
166 Mhz or higher Processor
Apparently those requirements won't cut it for your webserver, eh?
Anyhow, I am downloading it right now and they are serving at ~ 10K/sec even though their front page just ain't loadin'. If you just want to try to download the thing, just point the 'ol browser here [moneydance.com] (windows version) and give 'em a try.
Re:System requirements and download link (Score:2)
No OS flames, please. Believe me, if I could convince my company to use Linux instead of Windows I would.
HAHAHA (Score:2)
about time!
MyBooks Profeesional (Score:5, Interesting)
This application is the real deal. Oh, by the way, it works on both Linux and Mac OS 10.x
Links to installs (Score:2, Informative)
Linux/x86/glibc2.1+
http://moneydance.com/download/2003/Unix/moneydanc e_linux_i386_jre131.tar.gz [moneydance.com]
SuSE 7.2 RedHat 7.1 Mandrake 8.0
http://moneydance.com/download/2003/Unix/moneydanc e_linux_i386_jre130.tar.gz [moneydance.com]
Linux/ppc
http://moneydance.com/download/2003/Unix/moneydanc e_linux_ppc_jre130.tar.gz [moneydance.com]
FreeBSD/x86
http://moneydance.com/download/2003/Unix/moneydanc e_freebsd_i386_jre118_elf.tar.gz [moneydance.com]
Solaris/x86
http://moneydance.com/download/2003/Unix/moneydanc e_sunos_i386_jre130. [moneydance.com]
Re:Links to installs (Score:2)
Read that "MonkeyDance" (Score:4, Funny)
MONEY Dance? (Score:3, Funny)
An unfortunate software title for those of us disaffected, frustrated theatre types in geekdom.
Who still balances their checkbook? (Score:3)
I stopped balancing my checkbook a couple of years ago, and have saved myself a lot of greef. I can check my balances and verify that nothing is improperly charged by using current web interfaces, and if I do goof on my in-my-head calculations of how much money is left in my account, most banks will give free overdraft protection, which I just pay back when my check comes in.
This can sound kind of silly, but it has made my life a lot easier, and spot audits have shown that everything is working great.
--Lance
Re:Who still balances their checkbook? (Score:5, Insightful)
I cannot tell you the number of times I have balanced my checkbook and came across double-entries on the bank statement, from the same place, nearly at the same time - like they ran the card through twice! If I was looking at this online, I may not see this discrepancy (unless I looked really close).
I currently use the Checkfree software for all of this, but they recently moved to Quicken, so if the damn Moneydance website ever comes up - I want to see how it compares - in the meantime, I will probably end up installing Quicken.
I have thought that maybe I should go back to doing all of this "by hand" - but I love to pay my bills via electronic means. Most solutions for Linux (like GNUcash), since they don't offer EBT transactions (yet), mean you have to do double entry (once for the online payment, like through the bank, and once in the money program). Double entry can and will trip you up, though - which can be a bad thing at the end of the month (nothing like finding out you have a negative balance because you double entered, or entered incorrectly, your paycheck amount).
I have been trying to come up with a different method to allow me to do online paying without double entry - I was thinking something like a backwards method, where you keep your receipts, then when you "balance", you go through the online statement and compare the receipts to the statement, those that match do one thing, those that don't (or seem like theres a double) do another - but this seems like a large kludge that probably would have problems as well.
All I want is a simple program that replicates the account activity page on my checkbook, allows bill paying from it, and has a few simple reports - nothing fancy. Checkfree's original software, while only allowing comms via a modem, was just that simple program - perfect for what I needed. Now it is going away (like I knew it would eventually). I can only hope the special version of Quicken they sent out is simple as well - I guess I will find out this weekend.
Oh, by the way - one other thing you find out when you balance your account are the number of transactions that *don't* get reported to your account. Many times, you might buy something, and due to one reason or another, the transaction never gets sent to your account - so, free stuff (or at least until they figure it out, which I have yet to encounter)! One of my friends got a free computer system this way (ok, that is on the extreme end - most of the time for me it has been small gas and food purchases)...
Tracking money is wrong. (Score:5, Interesting)
What I would like to see is limits on spending categories. For example: You decide that you are going to spend $100 on gas. Suddenly you have to go way out of town. When you enter the gas receipts and the total comes up to $120, there should be a warning dialog: "You have exceeded your allowable spending in this category." From there you would have to allocate funds from other spending categories (say dining out expenses) to cover the excess. The software should warn you that you need to cut back, and where you can cut back, (based on how you planned to spend the money originally) so that you don't spend more than you earn.
The bottom line is that you can't spend more than you have, and looking at where your money went will not help. You have to manage where your money is going to go.
Re:Tracking money is wrong. (Score:4, Informative)
Re:Tracking money is wrong. (Score:3, Funny)
$120 left in the grocery budget on the last Sunday of the month? Let's eat steak! Gas budget is over by $20? Better reallocate from groceries...
Not only that, but it also includes a "Lifetime Planner," which tells you how much you'll want to earn when you're havi
Re:Tracking money is wrong. (Score:3, Insightful)
Yeah, some people have no choice, but 98% of the people out there do, and 98% of those live on (or over) the edge. I can't tell you how many idiots I've worked with that made 6 figures that live paycheck to paycheck because they have no concept of not indulging their every whim and desire.
(sorry, impersonal rant
The missing app (Score:2, Informative)
Quicken's file format is open, write to it, dammit (Score:4, Interesting)
Intuit has more incentive to keep their file formats open becuase what keeps Quicken and especially Quickbooks going is the ability for developers to create add ons. Quickbooks has a whole industry of add-on developers. By using the
Not quite (Score:4, Informative)
-I can't be used as the main save format of an app, because of the lack of a transaction ID field. Quicken sure as hell doesn't use it as it's file format, only an import-export format.
-There is no definitive spec on the file format available from intuit. All the docs available are listed here http://libofx.sourceforge.net/links.html and the most complete certainly isn't intuit's. Even the account type identifiers sometimes change depending on the language of your Quicken (examples for example, !Type:Bank becomes |Type:Banque in french Quicken 2000)
Appgen, Moneydance, and other things (Score:3, Informative)
Appgen used to make Moneydance - did they buy it from Sean Reiley, and then sell it back? Moneydance has always had a decent reputation and has been around since 1998 as far as I know, quite possibly longer.
Appgen makes MyBooks...I've been trying that off and on for two years..quite cool in that it is cheap, source code is available (no GPL tho) for extra $$$, and it runs on Linux, Mac & Windows, and the licenses are good for any mix of machines...a 5 user license will run on a Linux server with Mac, Windows, and Linux clients all at the same time...quite uncool in that it's rather unpolished in places and awkward to use at times, and getting the thing to print invoices is a royal pain.
You can use Appgen's scripting language to make invoices, but the program was originally designed to print invoices on pre-printed forms. Yuck.
Appgen sales-types are helpful and eager to let tech support help people who are evaluating, and they say that they were writing big accounting apps on UNIX heavy metal for 20 years or so. I don't know, I'm a bit worried about the rumors in this thread about Appgen's finances. I am still considering purchasing MyBooks but am in no rush.
GNUCash is a joke. I had no problem using it as of release 1.4 for personal finances, and I've heard it's quite feature rich now at 1.8. A joy to use. The problem is it's practically impossible to install. GNUCash has a reputation for being the epitome of dependancy hell. I'm sorry, I love hacking around as much of the next person but 60+ shared libraries is too much for me. At one point the website actually said "Don't try to install this unless your distribution comes with it". Sigh. A wonderful product, GNUcash, if you can actually get it to work. I'm at the point now where I need my computer to actually work and spending hours trying to solve the dependancies for GNUCash is too much. I cannot understand why they put so much work into something that is so difficult to install.
I'm thinking about taking SQL Ledger for a spin, a bit troubled by comments some of its developers made a while back thinking that user security wasn't that big a deal, but looks like a nifty product...
There's a site out there run by some guy that has about 15 accounting programs both GPL & propietary...I can't find it tho...
Anyhow...just rambling - if anyone can post the history of both Appgen & Moneydance I'm sure that others besides myself would appreciate it.
Re:FINALLY! (Score:2)
Re:what about canada? (Score:3, Funny)