6 Best Personal Finance Software for Mac | Gadget Review
Finance & Accounting Software

6 Best Personal Finance Software for Mac: Master Your Cheddar

If you want to turn your Mac into an all-purpose center of financial management for your home or business, you’re just a download away. Take a look at the best financial software for Mac and see what solution offers the features you need.

1. QuickBooks

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Quicken for Mac gets a lot of attention, but if you aren’t using Windows then Quicken is a poor deal: In the last several years support has dropped off and the lack of compatibility just isn’t worthwhile (Quicken 2015 is currently to turn the trend around, to mixed results). QuickBooks, however, remains fully supported and feature-rich financial software for Mac: This is the program of choice for running a small business on an OS X platform. If your company uses Mac computers and you want the best financial software around, QuickBooks remains unparalleled with its full invoice, transaction, workflow and reconciliation features.

You can download QuickBooks for Mac here for $229.95 or you can sign up for their online service which offers the first 30-day free.

2. iBank 5

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The latest version of iBank offers a full suite of financial management capabilities at an incredibly deep level. Direct Access and direct downloads allow you to connect directly to bank accounts, and you can quickly import from Quicken to update all your data. Budgeting, investment tracking, and advance notifications about bills are all included. You can also build you own financial charts and reports if you want to analyze a particular part of your finances. The downside to this universal collection of features is, unfortunately, the price.

You can download iBank 5 here for $59.99

3. iFinance

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If iBank sounds too comprehensive or expensive for your Mac financial software needs, take a look at iFinance, which focuses more on the basics of financial management. You can import multiple financial documents and create budgets that are as simple or complex as you want. iFinance sports the in-depth transaction management that small businesses and careful families alike can appreciate…as long as you can invest the time necessary to learn the sometimes unique accounting tools.

You can download iFinance here for $29.99

4. MoneyWell

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If the interface on iBank doesn’t do much for you, take a look at MoneyWell financial software. MoneyWell offers many of the same features, from direct bank connections to budget control and transaction management, but with a very different set of graphics and tools that you may appreciate more. MoneyWell also has full support for iPad if you feel like taking your finances over to the sofa to work on. If you like envelope budgeting, you will also appreciate its “spending buckets” that help you limit spending in specific categories. The downside is once again the price, but it’s not quite as high as iBank if you want to save a few bucks.

You can download MoneyWell here for $49.99

5. Fortora Fresh

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Fortora is a newer entrant in personal finance software than previous options, and specializes in more streamlined features that allow you to quickly search for specific transactions, bulk edit entire fields to save time, and use shortcuts when setting budgets and recording items. It can import not only bank account information but also stock quotes for your investments. Otherwise, it makes a strong competitor to services like iBank and MoneyWell, although its support on mobile devices like iPad is unfortunately lacking.

You can download Fortora Fresh here for $49.99

6. SplashMoney

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SplashMoney is more affordable personal finance software for creating budgets and tracking transactions. Like its more expensive personal finance software Mac brethren, it can also connect to major banks to upload transactions and account information automatically. There are features for comparing actual vs. budgeted expenses, and rearranging budgets based on what’s important to you. There are both desktop and mobile versions of this software, make sure you pick the desktop version and its strong collection of features.

You can download SplashMoney here for $19.95


14 Comments to 6 Best Personal Finance Software for Mac: Master Your Cheddar

  1. Tracy Cederoth

    Can anyone tell me if iBank 5 (or anything else) creates, tracks and amortizes loans? Also, how are the reporting features?
    I’ve been a Quicken user for 25 years and they’ve been crap for the last 10 at least. I can’t upgrade my OS because 2007 for Mac won’t work on anything newer than El Capitan. I bought QfM 2015 and it’s garbage. Not taking chances on newer versions, as each one seems to lose more functionality. I’ve been struggling and wasting time with using both of them in case the computer dies and I have no choice but to upgrade OS with a new machine, at least the data won’t be lost I really need to find something else.

  2. BR549

    I’m a die-hard Mac user. I had used Quickbooks for over 15 years until something went south with the company. I haven’t used it in several years, since my platform would no longer support their 2007 or 2008 software. I tried a never version of Quickbooks a few years ago and was disgusted with it and returned it.

    I mean how could a company have such a bullet-proof product with a proven history of success then hire a bunch of undisciplined dweebs to destroy it? In 2003, I had purchased Quickbooks for my business only to find that was a complete waste of $400. It was obvious that the drop downs were based on that typically brainless PC mindset and bore no relation to their previous Quicken-Mac success. Cases in point were the numerous failures to provide navigational key access to commonly used functions; they had to laboriously hand selected through the various drawers.

    When I had asked my local Mac store guy about Quicken/Quickbooks ever getting their head out of their ass, he just shook his head. I guess that crown of laurels got to heavy for their head.

    Anyone have any input?

  3. Danuke

    What in the world?!!!!
    You are calling QuickBooks PERSONAL finance? Are you nuts?

    • Christen Costa

      Hey Danuke, why not quickbooks?

  4. Josh

    A summary chart at the end with all the features would help.

  5. John Bakiko

    I`m using now one, pretty new, but already great enough to work with, ERP/CRM system with accounting feature called EasyERP. It is open-source, so it`s free, but it doesn`t lack in any necessary features and delivers quite great user experience. Hope EasyERP will be as useful for you as it is useful for me.

  6. Ron

    Ron

    Splash Money is not compatible with Mac OS X Sierra………. it fails to import CSV files…………. I have been trying all sorts of amended CSV files but none will import into Splash Money. Shame because it is a (or has been) nice little app.
    I maybe wrong but I don’t think Splash Money has been updated in years.

  7. tim

    Check out BudgetWrangler.com.
    A new kid on the block. More control, less grief. Budgeting software that doesn’t suck!

  8. Mick

    Any ideas if any of these are successful in Australia?

  9. Kristina Harvey

    How applicable are these recommendations outside the US and USA banks? I live in the UK and bank with HSBC…?

  10. Dempsey Darrow

    I used Moneydance for years until their “upgrades” degraded their software until it no longer connected to my bank (BBVA Compass). When their support was unable to resolve the issue I downloaded iBank 5. I was surprised to learn that they require a “subscription” to connect to my (or any) bank. That, on top of the cost of the software. The fact that you rated what amounts to a ripoff as #1 gives me a clue as to how bad the others must be.

    Thanks for your review.

    • Nancy

      The “subscription” to connect to your bank is determined by the bank, not by Banktivity (formerly iBank 5). I connect to 3 different banks and none of them charge a fee.

      • Ken S

        You can indeed download from each bank account, one at a time, either from within Banktivity (iBank) or externally with your browser, and have that QIF (Quicken) formatted data imported by Banktivity for free (in my experience). However, if you want Banktivity to automatically download and continually update (while the application is running) to your bank accounts, there is a monthly, quarterly or annual “Direct Access” subscription fee.

    • David Kinnear

      I can easily download transaction data from my bank accounts. It costs extra to initiate banking transactions right from the Banktivity (formerly iBank) software.

      I know of no software package that does not include this “ripoff.”

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