I've settled on that after working with Quicken version ancient, Liquid Ledger, and another finance program (can't recall the name but it had a piggy bank for an icon). IIRC my main and subs are something like this: Of course you don't have to do it that way, I just thought I'd point out the flexibility. If I wanted to do that, I'd have to create a report, including transfers, and I'm not sure how I'd do it. As such, "car payment" isn't an expense category, it's a transfer (checking) to reduce the outstanding loan balance. I have my car as an asset and the loan as a debt. I just noticed your point about car payments, and realized my categorization scheme wouldn't handle that. I find it really easy to try out different categorization strategies and adapt them to your liking. You can also combine existing categories together if you feel you have too many. If you mess up and put a subcategory in the wrong place, I believe it's as simple as drag-and-drop to move them where you want. gasoline + car payment + auto insurance + repairs = "transportation") to further simplify the reports.Ĭategories and subcategories should be fairly straightforward. My next step is to figure out how to collect multiple categories of expenses into super-categories (e.g. I watched a few of their tutorial videos but they weren't really needed. So far the iBank interface is intuitive enough for me. I suspect I need to do some manual starting-value entries to fix it. Nationwide will only let me download two years worth of data and the resulting totals for the account in iBank are way off. The only account I have any issue with is my Nationwide 401K plan. It also imported my Scottrade brokerage account in a similar way correctly. iBank runs that as one step, with no downloaded file to manipulate on my drive. If anything it was slightly less difficult than I remember in Quicken for Windows, where I had to download report files from my Bank of America checking account and point to them to upload them into Quicken (B of A wants extra $$ for direct software access). The in-app browser works great for importing financial records. Everything I read about Quicken in OSX made me want to try something else.Īfter one day with iBank I think it'll work for me. I've been wanting something on my MBA mostly to see where I spend my money (and figure out how much house payment I can really afford) ever since I gave away my home Windows PC.
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