Usage Queries : Stocks, debts, budgets and version

S K's Avatar

S K

05 Jun, 2022 07:15 AM

Hi, I was planning to purchase from India. I noted that currently there are no automatic connections for any Indian financial institutions. However, I did have a few queries as to how do I go about doing the below mechanisms which will help me evaluate my purchases better.
1. Can I run this software without internet access? I understand that things like auto download or sync won't work without internet but beyond that is there a need for internet?
2. Does the software also automatically track NAV/prices of Indian stocks/MF/ETF/Indices? If not, is there an auto-import functionality to update historical data?
3. Is there a way to add debtors/creditors (or Payables/Receivables)?
4. Do we have any mechanism for the rollover of the remaining budget, specifically for a category?
5. How do we show depreciation/appreciation on an asset?
6. Is there a way where I can view release history or the upcoming feature list, to get an idea if I would have to upgrade (and subsequentially budget for it)?

Also for license purchase, I noted I could purchase from this website or via the MS store, and I wanted to understand what is the difference between the two as MS store was cheaper?

  1. 1 Posted by dwg on 05 Jun, 2022 07:30 AM

    dwg's Avatar

    I'm a fellow user.

    I'll give me my take on some of your questions

    1. Internet access is not required, as you have surmised it is only needed if you want/need to do anything that requires online access.

    2. Well that does require internet access. Moneydance uses installable extensions to download stock prices etc. Depending on the extension used they make use of services like Yahoo, AlphaVantage, Financial times, IEX trading to source prices from.

    3. Moneydance is personal financial software so there is no specific support for business functions.

    5. You would take an accounting approach by creating categories for asset depreciation and appreciation and use these when posting suitable transactions.

    6. The Change log shows what has been done in specific builds

    https://infinitekind.com/previewdl/current/changelog.txt

  2. 2 Posted by S K on 05 Jun, 2022 08:00 AM

    S K's Avatar

    Thanks dwg, That was helpful.
    I still have below few queries pending.

    2. Extensions mainly are focused on Stock securities. Is there a way to download or import the data for MF?
    4. Do we have any mechanism for the rollover of the remaining budget, specifically for a category?
    7. I could purchase from this website or via the MS store, and I wanted to understand what is the difference between the two as MS store was cheaper?

    TIA

  3. 3 Posted by dwg on 05 Jun, 2022 08:15 AM

    dwg's Avatar

    Transaction data for Investment accounts can be imported from QIF or OFX files. Pricing data can be imported from QIF or CSV files

    Software purchased directly includes a free upgrade to the next major release plus a 50% discount on future Moneydance purchases. I do not believe Microsoft offers any free or discounted upgrades. Interim bug fix builds are generally not available from third parties.

    I'll leave budget questions for those more familiar with that part of the software.

  4. 4 Posted by derekkent23 on 05 Jun, 2022 11:40 AM

    derekkent23's Avatar

    I am not support staff, just a user.
    Hi S K

    To add to dwg's comments.

    Try it out for yourself.

    The downloaded version of Moneydance is a full working version with the only limit being a maximum of 100 manually entered transactions, with no time limit. Imported files from other financial programs and your bank have no limit on imports, provided that you do not confirm them. If you decided to purchase, you are sent a key by email that unlocks the 100-manual transaction limit. If after testing with this free trial version you purchase and change your mind see the 90 day money back guaranty at https://infinitekind.com/refunds

    Always go direct not through a third party.

    For the future Moneydance never sunsets the version it releases. So, you don’t have to upgrade. If you won’t to upgrade the next version is free (say 2021 to 2022) and from then on you get a 50% discount. All upgrades within a version are free.

    Make sure you are running this build of Moneydance https://infinitekind.com/preview

    For information on how to use Moneydance see https://infinitekind.tenderapp.com/kb

    If MF stands for Mutual Funds then yes you can download prices using extensions. All my securities are Mutual Funds and I use the Extension Quote Loader, For information on the features of this extension and how to use see post 239 at
    https://infinitekind.tenderapp.com/discussions/investments/4914-the...

    Download the PDF’s attached to post 239 and have a read.

    To get an overview take a look at the YouTube videos by using the links on page 1 and 2 of the PDF.

    Hope this helps

  5. System closed this discussion on 04 Sep, 2022 11:50 AM.

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