Getting started

Elizabeth 's Avatar


11 Mar, 2011 02:40 PM

I purchased Moneydance last year and have been unable to use it because I can't get it set up. I've tried reading the start-up guides and they all involve importing from other money management programs. I am trying to start from scratch and would like to enter monthly expenses and can't find how to do that. My bank is not supported by Moneydance so I'm wondering if maybe it's futile to even learn this program. Help me please. I would really like to use and learn this program, but I don't have much experience. I bought it because it was advertised as being easy to use.
Any advise ..? Thanks for taking the time-

  1. 1 Posted by -Kevin N. on 11 Mar, 2011 03:53 PM

    -Kevin N.'s Avatar

    Hi Elizabeth,
    Since you purchased Moneydance last year, the first thing that you may want to do is make sure you have the latest build of the program, currently 2010r3 (build 751) you can download the installation file from here:
    Since you are starting from scratch, you can disregard any information in the Help documentation pertaining to importing your data.
    Look through these following links to familiarize yourself with creating a new data file and entering transactions.

    HTH -Kevin N.

  2. 2 Posted by Elizabeth Marsh... on 11 Mar, 2011 05:52 PM

    Elizabeth Marshall's Avatar

    Hi Kevin-
    Thanks for answering- The first thing I did was verify that I do have the
    updated version of Moneydance and I do have version 2010r3 (751).
    Secondly I have been to the table of contents and particularly the create a
    Data File from Scratch portion which states:
    Create a Data File from Scratch

    When you create a data file from scratch, you will be asked to:


       1.Choose your primary currency. This is the default currency that will
       be assigned to all new accounts, though you can change the default currency
       of each account. If the currency for your country is not found in the list,
       click the Edit button to add it.

       2.Choose your file type. This option specifies the default set of
       accounts and categories that will be created. Categories are used to track
       your spending by type of expenditure, and can be added and edited after your
       file is created. The Standard Account Set includes a complete set of
       typical income and expense categories, while the Minimal Account Set
       includes only a few categories.

       All of which I have done. I have an account established and designated
       the file type to what. I'd like to enter in all the monthly
       transactions and don't know where to do this. When I select *Transactions
        *from the menu on the left it won't allow me to enter any new data.

       I've got the *Transactions *option selected and it is highlighted. Then
       I tried clicking on the plus symbol at the bottom of the field, and it will
       let me select an option but where does it go...? I can't seem to track it
       after that.

       I'm working on a Mac OS X version 10.6.6, I bank with HSBC in France and
       the U.S. Is there anyway to get someone to walk/talk me through setting
       this up? Or do you think it might be too complicated given that the bank is
       not supported in Moneydance and it is a foreign account.

       Thanks for your help-


    On Fri, Mar 11, 2011 at 4:53 PM, kmnugent <
    [email blocked]> wrote:

  3. 3 Posted by -Kevin N. on 11 Mar, 2011 06:46 PM

    -Kevin N.'s Avatar

    Hi Elizabeth,
    The Standard data file that you've created includes one Checking account and one Savings account (See the Attachment)
    Click on one of those items in the sidebar to open a register view of that account. Look to the upper right hand corner for the 'New Transaction' button. Clicking this will create a new transaction in Edit mode at the bottom of the screen. Enter your data into the designated fields, when done hit the Enter key and the transaction will be added to the register.

    If you want to add a new account, from the Menu Bar, (along the top of the program window) click on Account, then New Account. To edit an existing account, access the account in question, then from the Menu Bar, click Account then Edit Account.

    The 'Transactions' item on the sidebar is there to create a transactions report. The (+) and (-) signs at the bottom are there to add or remove items from the sidebar.
    HTH -Kevin N

  4. 4 Posted by Elizabeth Marsh... on 11 Mar, 2011 08:48 PM

    Elizabeth Marshall's Avatar

    Thanks... that will help me input all the data. For right now the balance
    will be messed up because I'm starting in the middle of the month, and I put
    in a current balance that already has all the debits that I'm entering.
     Maybe I should start with April. Since the bank I use is not supported by
    Moneydance does that mean I have to manually input figures every month.
    Once again thank you for your help- I'm further than I've been before with
    this thanks to you.
    P.S. I'm in Paris and it's late so I'll probably work on this more tomorrow-
    and over the weekend. If I have more questions I'll post on Monday- Thanks

    On Fri, Mar 11, 2011 at 7:46 PM, kmnugent <
    [email blocked]> wrote:

  5. 5 Posted by Jessica Little on 11 Mar, 2011 08:59 PM

    Jessica Little's Avatar

    Hi Elizabeth,

    You shouldn't have to manually type in your transactions. I believe HSBC offers transaction downloads using the OFX file format. You can just download those files and import them into Moneydance, instead of typing all of your transactions in by hand.

    Jessica Little
    Moneydance Support

  6. System closed this discussion on 31 Mar, 2015 03:34 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