Can I install Moneydance on a NAS?



09 Jan, 2021 07:35 PM

I am interested to switch from Quicken to Moneydance.
However, I like to have Moneydance installed as an app in a NAS so backups and redundancy are afforded.

I have looked on the web for information regarding this issue without success so I am directing the question directly to you.

Is it possible to install Money Dance in a NAS (Qnap or Synology).

Even if it is installed in a partition it would be nice to have it on a more redundant system than a stand alone pc or laptop.

PS: is Moneydance a multiuser system? (I would like to have my wife and I access the same file without having to share a computer) is this possible?


  1. 1 Posted by dwg on 09 Jan, 2021 08:09 PM

    dwg's Avatar

    I'm a fellow user.

    Moneydance is designed to be installed locally, it is not supported to instal it on a central system.

    It is also designed to work with local files, the way it reads and writes its normal data does not work well with a network stack.

    You can certainly use a NAS as a destination for the backups that Moneydance creates.

    It is not a multi-user system as I believe you envisage, to do that in the PC space it would have be a client/server type of application to protect the data. It does however allow data to be shared using a replication process, which the NAS system could be used as the shared location for the exchange of data.

    Moneydance removes the problem of record locking and contention by each machine having its own copy of the data and transaction updates being passed between the machine then applies locally.

  2. 2 Posted by bulwnkl404 on 15 Jan, 2021 12:18 AM

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    I'm a fellow user. I have a Moneydance file stored on our NAS, which is a Seagate Central unit. It seems to work correctly with our two iMacs using the file alternately. I've also set Moneydance to backup to that share. Haven't been doing this for a long time, and can't comment on how it 'should' work.

    We do NOT attempt to both open the file at once. That would be unwise, if even possible.

  3. 3 Posted by puy1 on 15 Jan, 2021 03:14 PM

    puy1's Avatar

    Thank you for your reply to my question.

    We are interested in installing the software on two computers (mine and my
    wife) and keeping the file on a NAS (like in your case). We intent to
    access the file at different times.

    However, my concern is what may happen if the second person tries to access
    the file while the first person is still using it. (Like in the event I
    forget to close the file after using it).

    The reason I am asking is that we had a bad experience several years ago
    with Quicken. The file was accessed by a second computer and transactions
    were added to it that were overridden when the other file was closed. (It
    was a mess...).

  4. 4 Posted by bulwnkl404 on 15 Jan, 2021 04:46 PM

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    Moneydance support sent me a link to a better way to share a single file inside the house, using a NAS. Here’s that link:
    Syncing with Other Computers / Syncing and Sharing Data / Knowledge Base - Infinite Kind Support 
    | |
    Syncing with Other Computers / Syncing and Sharing Data / Knowledge Base - Infinite Kind Support
    Get help using Moneydance Personal Finance software.
      | |



    On Friday, January 15, 2021, 08:14, puy1 <[email blocked]> wrote:

     #yiv9006576912 pre {width:92%;margin:10px 2%;padding:5px 2%;background:#efefef;border:1px solid #d6d6d6;}#yiv9006576912 blockquote {margin-left:0;padding-left:1em;border-left:5px solid #ccc;}

  5. 5 Posted by dwg on 15 Jan, 2021 07:53 PM

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    The article on syncing data with other computers is:

    Using a NAS as the interchange device would be using the Shared Folder method.

  6. 6 Posted by dwg on 15 Jan, 2021 07:57 PM

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    One of the reasons for Moneydance incorporating its own syncing mechanism is the real risks of more than one user opening the data at once, doing this could well result in data corruption.

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