Syncing & Forecasting

Brian Codding's Avatar

Brian Codding

19 May, 2020 01:28 PM

Hello, I am considering buying your software, but I have had trouble with syncing with all of my financial institutions in the past. Have you been able to resolve syncing issues when they have come up?

Also, will your system be able to effectively recognize and properly categorize transfers? I use frequent transfers for accrual based savings for future expenses.

One more questions. Does your software offer the ability to forecast? E.g. how much cash flow is required in an account to cover the forecasted future expenses. Thank you

  1. Support Staff 1 Posted by Ethan on 19 May, 2020 07:59 PM

    Ethan's Avatar

    Hello,

    The full list of banks that currently support direct connections, which Moneydance requires in order to connect to a bank, can be found at: https://infinitekind.com/fi

    If your bank is not on that list, the best way to get your transactions into Moneydance is to use a web browser to download them from your bank's web site. You can download into QFX, OFX, OFC, or QIF files (sometimes referred to as Quicken or MS Money files), any of which will import cleanly into Moneydance. If your bank begins to support direct OFX connections in the future, we will be happy to work with them.

    Categorizing downloaded transactions in Moneydance is done through the confirmation process. Downloaded transactions should have a blue dot next to them in the description field. Clicking on a transaction with a blue dot should open a right sidebar with confirmation options. If the transaction is similar to one you have already manually entered, one of the options should be to merge those transactions. The more transactions you confirm with the correct category, the better Moneydance will become at suggesting the correct category from the start for newly imported transactions. More details on the confirmation process with screenshots can be found at https://infinitekind.tenderapp.com/kb/online-banking-and-bill-pay/c...

    I encourage you to download our free trial version from http://infinitekind.com/downloads and experiment with the program before you decide if you would like to purchase it. The demo version is fully functional and allows you to manually enter 100 transactions. Imported transactions are not limited, so you'll be able to fully test things like importing from other programs and connections with your bank. If you decide to purchase the program at a later date (from http://infinitekind.com/purchase) you can keep all your data, the license key simply unlocks the ability to manually enter more transactions.

    Ethan
    Infinite Kind Support

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