What is MOnedydance pricing model

Mike's Avatar


28 Sep, 2019 01:04 PM

How often are upgrade required for a cost?
Is the cost as much as the original purchase?
Where is this information provided online?
Possibly leaving Quicken if Moneydance import from Quicken is good and I can figure out Moneydance pricing model.

Please advise and thanks,

  1. 1 Posted by -Kevin N. on 28 Sep, 2019 01:55 PM

    -Kevin N.'s Avatar

    Hi Mike,

    How often are upgrade required for a cost?

    Upgrades are not forced. e.g. I continue to use MD 2011.

    Is the cost as much as the original purchase?

    The cost of the license includes the current version plus a free upgrade to the next major release.

    Where is this information provided online?


    Here is an additional link to the rather liberal licensing policy.

    I should add that the above policies pertain to the program when it is downloaded directly from the Moneydance website. (as opposed to the Apple Store, Microsoft Store, Amazon etc.)

    If I may make a suggestion, download the trial-version of the program to see if it suits your needs and to see if you can successfully import your Quicken data. You can d/l the trial-version here.

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

  2. Support Staff 2 Posted by Maddy on 30 Sep, 2019 11:59 AM

    Maddy's Avatar

    Hi Mike,

    I can see you’ve received a reply from one of our knowledgeable Moneydance customers.
    To add to this useful information, I thought it would be worth mentioning that for personal use, we ask that you buy just one license per household, no matter how many computers you install it on, operating systems you use, people who use Moneydance, or data files you create.

    The trial 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 downloading data from your bank, and importing data from other personal finance software.
    If you decide to purchase the program at a later date you can keep all data you have entered during the trial period.

    You can find the Moneydance Knowledge Base here which will be useful if you're using the program for the first time. I'd be happy to provide guidance if you have any questions or need assistance getting setup.

    ____________________________________________________________________Finally, if you are importing from Quicken please note, QDF and QXF files use a proprietary file format that can only be read by Quicken and Intuit programs. You need to open Quicken to export your data into one or more QIF files.

    Ideally you'll export one QIF file that contains all of your account data. Use the option to export 'all accounts' within one QIF file if this is available within the software you're using.
    If not, you should export one QIF file for each account in your file.

    Make sure you export any closed or inactive accounts containing transfers to your open accounts. You may need to re-open these accounts before exporting.

    If you're using Moneydance for the first time, when you open the program, you'll see the Welcome window. Choose “Create a new account set” and setup a new data file.
    If you have opened Moneydance previously, you can create a new data file by choosing File --> New --> Create a New File. Then follow the prompts to enter a name and currency for your new file.

    When viewing your new data file, choose File --> Import. Then navigate to and select the QIF file.

    You'll be asked which account you want to import your data into. If you have data for multiple accounts within one QIF file, you can pick any account.

    Below this, Moneydance will automatically try to determine the date format and decimal character used within the QIF file.
    If you want to check this, open the QIF file with a text based program like NotePad or TextEdit. This will allow you to check which date format and decimal character are being used.

    Choose 'Import' and wait a moment while your accounts and data are imported into Moneydance.

    If it appears some of your accounts are missing from the left side bar, press the '+' button at the bottom of the side bar. Choose 'Advanced'. You should see the missing accounts in the panel on the left - highlight the account name and press 'Add' to move the accounts into the panel on the right. When you're done press OK and these accounts should then be available for selection from within the side bar.

    Some QIF files don’t include an 'Initial Balance' for your accounts (sometimes referred to as a beginning balance or a starting balance). If this is the case, you'll see all transactions have imported but the account balance will show a discrepancy.
    To fix this, select the account and choose Account --> Edit Account. In this window, you can enter an amount into the 'Initial Balance' field.

    For investment accounts, QIF file don’t always carry security prices other than buy/sell prices, so investment account balances may be wrong until you update with the current security prices.

    Reminders are not included in QIF files as the QIF file format has no ability to include reminder data.

    I hope this information is helpful. Please let me know if you have further questions or need any assistance.

    Maddy, Infinite Kind Support

  3. 3 Posted by Mike on 30 Sep, 2019 12:05 PM

    Mike's Avatar

    Thank you for your reply.
    I downloaded Moneydance and tried a Quicken QIF import but it really made a mess of things, treating categories as accounts, etc.
    The import appears to need work.
    That being said, it can be an alternative to Quicken should they get crazy on their pricing model. I would have to keep an old version of Quicken around to access my older data as Moneydance doesn't seem to be able to correctly import.

    I also tried MOneyspire, and it imported much more effectively although it treated inactive accounts as open, but that was a minor change to correct.

    Thanks for your quick replies.
    Support is a big factor that plays in your favor.

  4. System closed this discussion on 30 Dec, 2019 12:10 PM.

Comments are currently closed for this discussion. You can start a new one.

Keyboard shortcuts


? Show this help
ESC Blurs the current field

Comment Form

r Focus the comment reply box
^ + ↩ Submit the comment

You can use Command ⌘ instead of Control ^ on Mac