01-16-2008, 01:38 AM
Zoid, I'm curious as well. I will download it and evaluate it based on my own purposes, but I'm curious about a few things you may or may not have experience with Moneydance on.
First, do you use it to track loans (car loans, home loans, signature loans, etc.)? I'm curious if it can handle interest-only loans (something Quicken can NOT) and how well it handles loans in general. I got all my loans into Quicken '06 (car, house and a signature loan) only to find out it can't do interest-only loans (what I currently have for a mortgage) and it SUCKS at doing auto loans (not to mention it was the biggest pain in the a$$ to set up - I understand how double entry accounting works, but setting up a loan on a car and giving it the proper asset value was absolutely the most ridiculous thing, it took me 3 nights of working on it to get it even close, and then it was completely off after making only 2 payments after getting it set up, I ended up totally scraping both those items).
Any feedback or experience?
Thanks,
~A
First, do you use it to track loans (car loans, home loans, signature loans, etc.)? I'm curious if it can handle interest-only loans (something Quicken can NOT) and how well it handles loans in general. I got all my loans into Quicken '06 (car, house and a signature loan) only to find out it can't do interest-only loans (what I currently have for a mortgage) and it SUCKS at doing auto loans (not to mention it was the biggest pain in the a$$ to set up - I understand how double entry accounting works, but setting up a loan on a car and giving it the proper asset value was absolutely the most ridiculous thing, it took me 3 nights of working on it to get it even close, and then it was completely off after making only 2 payments after getting it set up, I ended up totally scraping both those items).
Any feedback or experience?
Thanks,
~A