Moneydance 2019 to today

Leith's Avatar


20 Jan, 2021 03:48 AM

Is there a list of improvements since the 2019 version? I purchased the 2019 version and it didn't have "Savings Goals" - a favorite feature from Quicken I've been waiting for. They are essentially "ghost accounts" you transfer money into them, it doesn't affect reconciliations, but does reflect a lower balance. It's a great way to plan for future expenses by hiding money from yourself. This feature is the biggest reason I haven't used MoneyDance since purchasing. I'm aware of the "workarounds", but they are more of a kluge, than a working alternative.

  1. 1 Posted by dwg on 20 Jan, 2021 03:54 AM

    dwg's Avatar

    I'm a fellow user.

    Major features in new versions of Moneydance can mostly be seen in the Blog entries

    From 2019 to 2021 it is mostly evolutionary changes. There have been no feature changes with budgeting that I recall.

  2. 2 Posted by Stuart Beesley ... on 20 Jan, 2021 09:12 AM

    Stuart Beesley - JUST A FELLOW USER's Avatar

    Hi, I remember that Savings Goals was one of the biggest things I missed when I moved from Quicken - so I agree with you... However, I have been using the workaround for years, and it's easy, and I would not got back.... I wonder which workaround you use? I use the following:

    - sub account under bank account called "savings for..."
    - asset accounts for each saving goal - e.g. "savings for car" and "savings for holiday'
    - automatic reminders, monthly that "move" money from "savings for.." to the relevant saving asset account

    This does not affect bank balances or reconciliations, it's automatic.
    When I want to put the savings back, I either delete the entries, or just edit one of them....

  3. 3 Posted by Leithal on 20 Jan, 2021 03:25 PM

    Leithal's Avatar

    Thank you very much for the reply. I have a 2019 version and the
    solution at the time was much more "complex" than what you outlined,
    with multiple accounts, and multiple transactions for each deposit you
    want to make. This looks clean, and just as easy as the "savings goal"
    process for Quicken. I had given up, and now I think I'll upgrade so I
    have the sub-account option. You made my day...


    Front Sight Patron
    NRA Patron Member

  4. 4 Posted by Stuart Beesley ... on 20 Jan, 2021 03:36 PM

    Stuart Beesley - JUST A FELLOW USER's Avatar

    Hi. You don’t need to upgrade. You can have sub accounts in your version.

  5. Melissa closed this discussion on 25 Jan, 2021 08:48 PM.

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