MoneyWiz3.7.9

Name: MoneyWiz
Price: 49.99 $
Rating: 1.95 (17 reviews)

10 July 2020

Personal finance solution.

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Overview

MoneyWiz can simplify your financial life by keeping all your accounts, budgets and bills in one place, plus powerful reports, worldwide banking, and instant sync between all your devices! That’s MoneyWiz - powerful and beautiful finance software.

Features

Accounts: Have all your accounts in one place. Arrange them in groups, give them icons and decide which accounts count towards your Net Worth. Choose from variety of accounts: credit card, checking, savings, loan, cash, or investment.
Budgets: Set up budgets and MoneyWiz will automatically monitor your transactions and assign them to the proper budgets. Envelope budgeting is also available.
Bills: Never forget a bill again! Browse all your bills in list or on calendar, see projections for any period with a single tap.
Worldwide Online Banking: Connect your online banking into MoneyWiz, and all transactions will be downloaded and categorized automatically. MoneyWiz will even set the proper payee! (* optional service, requires subscription)
Transactions Entry: Entering transactions has never been so powerful! Customize what fields you want to use, configure settings for each field, use the pull-down gesture to save a transaction. It makes transaction entry as fast as it can be!
Reports: Tons of reports will give you a perspective on your spendings and earnings, that you never had before! MoneyWiz also allows you to build custom reports based on what you want to know about your money.
Dashboard: The dashboard is the one place to get a quick overview of your finances. Fill it with multiple widgets which you can re-arrange and configure. See everything important in one screen.
Settings: Configure MoneyWiz to fit your needs. Enable currencies, manage categories, set layout of the transactions list, enable POS style amounts entry, configure bill reminders and so much more.
Protection: Protect your data with PIN. Set PIN timeout for maximum comfort and auto-erase on 10 times wrong PIN for maximum security. iOS version also offers TouchID integration for devices that support it.
Sync: Connect multiple devices with SYNCbits - the cloud sync that does everything automatically - from sync, to conflicts resolution. SYNCbits has banks level security and it’s completely free!
Sync: Coming from another software? MoneyWiz can import it! Be it a CSV, QIF, OFX, QFX or MT940 file, MoneyWiz can handle it all.

What's new in MoneyWiz

Version 3.7.9:

Bug fixes

46 Reviews of MoneyWiz

See all

Just upgraded to thePro version to link all my accounts in real time.... and Salt Edge is not working at all. Really want / need this function to work. Be great if MW provided phone support but Paul at support is being very helpful - just leaving this review in frustration to try and get MW to pay attention to this and will update back to 5 when everything is solved... ok, *if*...

(1)

Very unsatisfied. I bought this software in 2016 in a bundle of software. I never activate the software because I didn’t need it. Yesterday I tried to activate the software but the serial number didn’t work. I wrote to support of software but they told me that the serial was a subscription of one year. I never knew a software that doesn’t start the annual subscription at the moment of activation and start the subscription at the moment of purchase

I wanted to like this app -- I really did. I was drawn to it because of its advertised ability to download data from 16,000+ banks, domestic and foreign. Its UI looks nice. But adopting a new financial management program is always a big deal, first and foremost if one has a lot of data to convert, because the risks of losing precious data loom large. Here's what I found:

Import

- unlike most other programs I've tried (Quicken, SEE Finance, Moneydance …), you have to create accounts before importing
- from the get-go, without any training, it renames payees automatically according to some inscrutable algorithm, so you'll have to turn off the renaming on a per-transaction basis. This possibly involves going through thousands of payees
- you can't have credits in expense categories or debits in income categories (if you do, these transactions will be imported without category). More on this restriction below.
- you have to specify the starting balance for each account

Operation

- accounts take up too much space in sidebar; account balances can't be displayed on the same line as the names
- inactive accounts can't be hidden; it is advised that one relegate them to an "archive" folder, so they're never completely out of the way
- There is something rather primitive about even "expert" display mode. There's no way to display the type of transaction, even in "expert" mode (ie. transfer, deposit, credit, debit, etc).
- This app doesn't allow data entry to be completely inline. There's no way to display the type of transaction, even in "expert" mode. Double-clicking a transaction opens an "income/debit/transfer" dialog. Similarly, splits are assigned via dialog.
- Since transfers are in essence a single transaction, there's no way to go to a corresponding transaction in another account. MW doesn't follow the well-established convention where one indicates a transfer to another account by putting the account name in brackets in the "category" field (it can't, apparently because it doesn't allow categories for transfers).
- Similarly, if you download transactions to different account, MW can't match transactions in order to establish transfers
- because of the restriction on not having credits in expense categories, there is actually a "convert to refund" function that must be applied to the credit transaction, which requires that you manually locate the original transaction

Thus the process of making MoneyWiz, the developers made many baffling decisions that made this application impossible to adopt for me.

(0)

I paid 50USD every year but I am thinking to leave it. The sync function is just like SHIT. It always stops syncing and even got duplicated or missing data. I've use several kinds of financial app. They have worst sync function and most expensive price.

Show comment (1)

I took the plunge and upgraded to the subscription version mainly because I use a Windows PC at work so I thought it would be useful to be able to log items whilst at work. If anyone is thinking of doing the same, I'd say DON'T! The Windows version is absolutely awful! This may be down to the online banking element or it may just be because it's a p!ss poor port from Mac, but it's slow, and I mean reaaaaallly slow. Often locks up with 'database is locked' or other weird errors when you're simply editing a transaction. You're limited to the description length for some reason, perhaps a Windows restriction? Either way, annoying so I often have to re-edit on my phone or Mac. Finally, a minor thing, if you split a transaction over multiple categories, it'll only show one icon in the summary, unlike the Mac.

I'm currently still on MoneyWiz 2 but will upgrade eventually. It is by far and away the best personal accounting software I have ever used. It's like everything else, the more you get into it and learn all of it's features the more you get out of it. It works for me.

(2)

Was good before. Terrible now

Just tried version 3 and now I cannot sync version 2 anymore!!! I'm asked to upgrade to a subscription plan on version 3. VERY DEVIOUS AND UNACCEPTABLE BEHAVIOR BY THE DEVELOPER! I'd have expected a warning when opening version 3. Anyway, I'm against subscription plans for software. Your mileage may vary, but I prefer shareware. Monthly payments won't encourage the developer to produce better features. Rather the opposite. Users get locked into the app and have to wait for fixes to appear, unable to switch to another software. No thanks. Sad to see MoneyWiz go down that route. As for features: I've been waiting since version 1 to mix expenses and transfers to no avail. It's still not properly implemented in version 3..