FinanceToGo 1.1 is a business and personal accounting software package that uses double - entry accounting technique to track income , assets , debts , and expense . This is a compelling feature film that is not commonly retrieve in personal finance programs , but FinanceToGo currently lack the due date to make it a transposition for more pop programs in its literary genre .
doubled - entry account is typically used by business concern to track financial minutes and get into that every dollar spent must be reflected in two matching book entry — a debit entry write up and a credit account ; these two daybook entrance should theoretically balance each other out . Typically , personal finance software , such as Quicken ( ) , use only a single - ledger introduction to trail your finances . FinanceToGo attack to give you more lucidity and greater control over your finances by simplify dual - entry account statement for personal consumption – a hope that the program never quite fulfills .
FinanceToGo allow for you to enter fiscal transactions either by typewrite them in manually or by importing banking information from a QIF ( Quicken Interchange Format ) file cabinet or Dexia Online data files . The program ships with 44 basic dealings categories , include items you ’d bear such as rip , market , and vesture , as well as some odder entries likeBicycle ; under fare expenses . When importing transaction you ’ll need to set the dealings ’s source story , destination account , and category , a process that I found blur compare to using Quicken , where you only have to confirm the transaction ’s category .
The tardy interlingual rendition of FinanceToGo fixing an import problem that was observable to me in earliest version of the programme — the diligence would break apart after import the third record in a QIF file . This highlights one of FastForward Software ’s strong tip : they ’re very attentive to users ’ needs and quick to provide fixes for difficult germ . In a like manner , FastForward has lately add an car - save option to make it less likely that you ’ll lose the data point you ’ve spent worthful time entering .
FinanceToGo still fall short in several key domain . It lacks fair to middling , detailed documentation , and while it ships with a tutorial information filing cabinet and PDF User Guide — a document that points out most of the program ’s interface feature film — it lacks an actual tutorial to take the air you through the procedure of work with the program . Also , the programme has very modified reporting tools , providing only three different report card : Balance Sheet , Profit & Loss Statement , and Expenses Overview . For those used to the far more full-bodied characteristic found in apps such as Quicken , FinanceToGo is sure to be a letdown .
Macworld’s buying advice
Double - entrance accounting for personal finance is interesting but unnecessary . If you ’re in a commercial enterprise surround where dual entry method of accounting is a necessity , you will call for a broadcast that ’s feature - plenteous and easy to use . In its current loop , FinanceToGo is neither . While it look that FastForward Software will aggressively update this app , there are several other program on the market that tender more features and functionality for the same or only more or less more money .
