Multiple accounts and Profit & Loss

Tracy's Avatar


11 Jan, 2017 12:55 AM

Hi - having moved to a Mac and having been a Quicken user since 1996, stopping at Quicken 2004 - I am trying to find a replacement. Moneydance has a good review from a longterm Quicken user like me, but I have a couple of questions. Firstly: I use Quicken to do my own self-employed accounts and also my brother's self-employed accounts. So these are two separate data sets, each with their own accounts, and actually each with their own QIF file to import. Does Moneydance allow me to run more than one 'set' so I could still operate his accounts completely separately from my own?
Secondly: Moneydance calls itself 'personal finance' so I can't see the usual business terms in the screenshots. Is there a 'profit and loss' statement option for report which would group your expenses by category? And can I run this for any period I want to? By the way, I do not want to or need to run transaction downloads from my bank account into the programme as I prefer to do this manually only.

Be very grateful for a speedy answer as I have to get two sets of accounts ready before 31st January deadline and haven't even got the software sorted out!!!

  1. 1 Posted by -Kevin N. on 11 Jan, 2017 02:32 AM

    -Kevin N.'s Avatar

    Hi Tracy,

    Regarding the first issue of separate account data sets, look to the following Moneydance KB article for their rather liberal licensing policy.

    I'm not 100% sure if the Income & Expenses report(s) will provide the information that you need but they are two of the reports that do allow for the selection of individual categories to generate the report on.

    If I may make a suggestion download the free trial version of Moneydance to see if it suits your needs.

    HTH -Kevin N. (not a member of the support staff)

  2. 2 Posted by Tracy Francis on 12 Jan, 2017 10:26 AM

    Tracy Francis's Avatar

    Thanks Kevin - I am not 100% clear on the licensing from that link as it’s still not clear to me but I have downloaded the trial and am checking it out now.
    Thank you.

  3. Sean Reilly closed this discussion on 12 Jan, 2017 11:30 AM.

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