BrianJarrett.com

After making the switch to Moneydance at the beginning of 2010 I discovered a useful feature of the software called “Transaction Tags” (or “Tags” for short).  What are Tags?  Well, the short answer is they provide an alternative way to group transactions beyond the standard categories Moneydance provides. Why would you use this?  Well, let’s [...]

One thing Quicken introduced some years back was the ability to associate a liability account to an asset account.  So if you bought a house or a car, for instance, you could associate a corresponding loan account to the asset.  Then Quicken could easily do the math (asset value – liability amount) to determine your [...]

Moneydance can track your home’s value as an asset, and it can also track your mortgage as a liability.  When you set up your mortgage in Moneydance it’ll ask you which account you want your escrow payment to transfer into. If you just want to track the total amount that goes into escrow as an [...]

Categories aren’t new to personal finance software.  A category is just a bucket in which to track spending.  You could have categories for Food, Entertainment, Auto, Utilities, and more.  I won’t go into great detail here; you can read the Moneydance documentation for more information.  I’m going to assume you have a rudimentary understanding of [...]