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Moneydance Features

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Nicolas Ulysse

13 Feb, 2018 11:52 PM

Hello,

I am considering purchasing MoneyDance, but have a few things I want to get confirmation before hand:
- I live in canada and use Desjardin and BMO banks. Will I be able to import data from those banks? If so, will I need to do it manually or will MoneyDance be able to sync automatically? - Will Moneydance be able to reconciliate my credit cards accounts? Meaning, will it understand that my credit card bill on my main account are not a single bill/purchase, but need to be catergorised for each expense from my credit card account? - Will I be able to go back in time to categorise my spending from last year?

Thanks you!

Nicolas

1. 1 Posted by -Kevin N. on 14 Feb, 2018 12:15 AM

   

   Hi Nicolas,

   Moneydance uses direct-connect to access a financial institution's OFX server. Here is a link to the financial institutions that support direct-connect to Moneydance.
   http://infinitekind.com/fi

   Moneydance can manually import OFX, OFC, QFX and QIF files. It can also import formatted CSV and TXT files into Bank and Credit Card accounts.

   If I understand you correctly, Moneydance provides for Credit Card accounts that house the individual transactions and their respective descriptions, categories and amounts. The credit card 'bill' is handled as a transfer transaction from the paying account (usually a checking account) to the Credit Card account.

   If I may make a suggestion, download the free, trial-version of Moneydance to see if it suits your needs,

   You can d/l it here:
   http://infinitekind.com/download-moneydance-personal-finance-software

   The Moneydance Knowledge Base can be found here:
   http://help.infinitekind.com/kb

   -Kevin N. (not a member of MD support)

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2. 2 Posted by Nicolas Ulysse on 14 Feb, 2018 01:25 AM

   

   Will do , thanks!

   Nicolas

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3. System closed this discussion on 16 May, 2018 01:30 AM.