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Philip Stapleton's Avatar

Philip Stapleton

02 Dec, 2019 06:14 PM

is the product supported in the uk and feature the Pound currency

  1. 1 Posted by derekkent23 on 02 Dec, 2019 06:43 PM

    derekkent23's Avatar

    I am not support staff, just a user.
    HiPhilip

    Absolutely, I am a UK User. In fact, the Software developer live in the UK, but Moneydance is sold worldwide and includes almost all currencies. If you find a currency it does not already include you can add it yourself.

    Try it out for yourself.

    The downloaded version of Moneydance is a full working version with the only limit being a maximum of 100 manually entered transactions, with no time limit. Imported files from other financial programs and your bank have no limit on imports, provided that you do not confirm them. If you decided to purchase you are sent a key by email that unlocks the 100-manual transaction limit. If after testing with this free trial version you purchase and change your mind see the 90 day money back guaranty at https://infinitekind.com/refunds
    For the future Moneydance never sunsets the version it releases. So, you don’t have to upgrade. If you won’t to upgrade the next version is free (say 2017 to 2019) and from then on you get a 50% discount. All upgrades within a version are free.

    Make sure you are running this build of Moneydance https://infinitekind.com/preview

    Hope this helps.

  2. 2 Posted by Dennis Roland on 02 Dec, 2019 07:46 PM

    Dennis Roland's Avatar

    Does MoneyDance offer an income statement laid out with a cost of goods sold? Thank you. Dennis

  3. 3 Posted by dwg on 02 Dec, 2019 09:04 PM

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    Moneydance is Personal Finance Software so it has limited business capabilities. It does have Income and expense statements so as long as items are recorded correctly and appropriately they can be reported on.

    Where people only have simple needs like something to be able to record income and expense items in, and the output goes into something else it can work well enough for that requirement.

    Moneydance does not have facilities like Debtors, Creditors, inventory, payroll etc however so it is not a fully functional business accounting solution.

    You could download the software install it and try it out, in Demo mode the software is fully functional with the only limitation being 100 manually entered transactions.

  4. 4 Posted by Dennis Roland on 02 Dec, 2019 09:41 PM

    Dennis Roland's Avatar

    thank you very much. I am looking for a simple income statement with COGS
    layout for a very small business. I could set something up in Excel but
    was hoping to find something that could be modified for our accounting
    need, which is simply a way to capture the cost of goods sold associated
    with an income account. Any ideas? Dennis

  5. 5 Posted by dwg on 02 Dec, 2019 09:58 PM

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    You could get Moneydance to work well enough for a simple recording need like you describe.

    Your CoGS are simple expenses, so you can set up any number of categories to record these to the level of detail required, you can also do income the same way. Using the standard approach you would have income in one section and Expenses in another, If you wanted them together then you have to think a little laterally. Perhaps just using the Income side and recording expenses in an income category (there would be recorded as negative numbers) with a parent/child setup of the categories you could get a net figure using this approach.

    It is something you could try out and for that I would suggest using demo mode to see if it suits.

    Business software is really an all in solution and it sounds like overkill for you.

  6. 6 Posted by Dennis Roland on 03 Dec, 2019 01:13 AM

    Dennis Roland's Avatar

    sounds good, will try it.

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