Review of AceMoney Personal Finance Software

AceMoney from MechCAD Software is easy to use personal finance software that claims to be the best option to Quicken or Microsoft Money. AceMoney does n’t look quite vitamin a polished as the early two, but it does the job when it comes to tracking fiscal accounts and a budget .

Setting Up AceMoney

Setting up and installing AceMoney is a very simple process. During the setup procedure, you ‘re given the opportunity to select a default option lyric and currentness along with other options. The list of available languages and currencies is quite long, which undoubtedly contributes to the popularity of this personal finance software worldwide.

Before you get started, AceMoney asks if you want to use the sample file that comes with the software. I recommend using it to experiment with the software to see how it works. You can besides start with a new datum file, but it may be easier to rename the sample file, add your own accounts, edit budget categories and make other adjustments while deleting the accounts that come with the sample file. After renaming the data file and saving it, you will need to restart AceMoney to use the new file .

Working With Account Registers

If you ‘ve used other personal finance software, the account registers will look reasonably different with future bills showing up in the registers in a pale gray baptismal font .

AceMoney supports scheduled transactions, which can be viewed in a number format or on a calendar. The bills calendar sport is a decent touch that ‘s not available in all background personal finance software .

Entering Transactions

To enter a new fiscal transaction, click on the New Transaction clitoris found on the exit while using report registers. It brings up a window that allows you to enter the payee, the amount of the transaction, a arrest number and other details .

home page, Budgets, Investments and Downloads

AceMoney ‘s family page can be configured so you can view accounts, scheduled transactions, the investment portfolio or other options. You may need to save your data file and restart the software for home screen options changes to take impression. The home page is quite simple compared to Microsoft Money and Quicken, but it is still a dainty convenience .

Budgets and Spending Categories

The budget tool is incorporated into the category list, which is a simple, sensible way of managing a budget plan. Adding a spend category is easy, but when creating subcategories, there is no drop-down list to select the primary category from so if you need to create multiple subcategories, you ‘ll need to retype the class name each time. If you have any typing errors when entering the elementary category for subcategories, you can always edit them.

Investments

The investment hold in AceMoney includes some basic graph, a list of investment transactions and a list of portfolio holdings with the sum value and overall loss or profit. There ‘s enough there to keep an eye on your investments, so you ‘ll have to use standard analysis software if you want more advanced portfolio support. Your brokerage probable provides more advance analysis tools online adenine well .

automatic Transactions

AceMoney will not mechanically download transactions for all accounts when you open the software, a feature found in Quicken and once found in Microsoft Money when it was fully supported. rather, you must go to each account and pawl on the Download transactions clitoris .

Before downloading transactions, you can select predefined periods of time for the transactions you want to see in the cross-file, and it ‘s big to have this choice, which is peculiarly helpful if you alone want the past six calendar month ‘s deserving ( for model ) of transactions alternatively of two years worth. not all personal finance software offers this choice, and you can easily end up downloading months of transactions that you do n’t want to track .

Can AceMoney Really Replace Quicken or Microsoft Money ?

Depending on what you expect from your personal finance software, AceMoney can take the place of Quicken, Microsoft Money, and other titles. What ‘s missing in AceMoney is the ability to download transactions from all major fiscal institutions and on-line poster pay. The investing report could be stronger, but the multiple currency defend is good .

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