Considering switching, 3 questions

Michael's Avatar


19 Jun, 2015 12:53 AM

I accidentally closed my previous question by clicking on a link.

Hello, I'm considering purchasing Moneydance and switching from GNUCash. The polished UI and DropBox sync features are some of the driving reasons for the switch. I have a couple questions though:

1) For the DropBox sync, I assume these are encrypted, correct? What specific form of encryption do you use (e.g. AES256)?

2) For the locally stored files, are they likewise encrypted before reading/writing to disk? If not, then I can write a script to gpg the underlying files when I'm done, but is there a way I can write a plug-in to accomplish this?

3) What format is the underlying data stored in, and can I backup/track it over time? For example, on GNUCash un-compressed, the information is stored in a simple xml document which I keep checked into a git repo to do revision-control tracking, in case of mistake on my part. I then tar this up and encrypt the archive. If anything ever happens, I can always write a script to extract the underlying data. Can I similarly access and track Moneydance's records over time?

  1. 1 Posted by Ben Spencer on 19 Jun, 2015 07:07 PM

    Ben Spencer's Avatar

    Hi Michael

    1) All data sent to Dropbox is encrypted with AES128.

    2) All locally stored data is also encrypted with AES128. You can optionally add a pass-phrase to encrypt the encryption key. When you do this you will be prompted to enter your pass-phrase when you start Moneydance.

    3) Since all Moneydance data is always encrypted from your perspective it is just a binary blob. Since its binary I don't think a revision control system such as git would be of much use. You should defiantly be using some form of backup solution, Time machine on a mac works fairly well, failing that there is always rsync.

    Ben Spencer
    Infinite Kind Support

  2. System closed this discussion on 19 Mar, 2016 04:57 AM.

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