Outside of my day job handling tax, I am also named as Attorney for 3 elderly relatives. The Lasting Power of Attorney paperwork has all been properly registered with the Court of Protection.
I am now faced with managing the personal bank accounts, numerous investments, pensions and household bills (and tax returns) for 3 households as well as my own. I think it would help me organise an ever growing mountain of paperwork if I used some cloud based software that would let me download all their bank statements and reconcile these, as well as manually enter bills and expenses and keep a balance sheet of their investments and savings.
What kind of software is available that might fit these requirements?
Replies (7)
Please login or register to join the discussion.
Not found a cloud solution
I've not yet found a decent UK cloud solution. I'm still using MS Money 2004, so far still working on Windows 8.
Moneydance
Not cloud based, but I switched to Moneydance when Microsoft stopped support for MS Money. It handles bank accounts, investments, income and expenditure and capital gains reports etc etc.
MS Money STILL the best!
I'm still running MS Money 2005 which is now a free download & runs fine on Win8.1.
I keep thinking that there must be something better 'out there' & every now & then I look but keep coming back to Money.
Its very stable, never gives me a problem, I know it very well & its free.
I also use it to run my business which, in accounting terms, is very straightforward.
I've looked at double entry systems that I'm sure have advantages & at one point I used Quickbooks but ended up thinking it was a complicated over-kill for my needs & returned to Money.
Another ms money user
For my personal finances. I have so many years of data on there that I am loathe to change. Easy downloads from bank too.
For work I use a mix of VT and quickbooks online.
MS Money or Moneydance
I use VT+ for business accounts and tried it for personal but didn't find it worked that well for investment side of things. You may find it suits your purposes. I found MS money was good for our home finances but it's not true double-entry so had some quirky issues and doesn't seem to handle very large files that well. We've started using Moneydance for home finances but I don't like it as much as MS Money - not sure if it is shortcomings or lack of familiarity but the reports don't seem very useful to me. I have clients using Quickbooks for personal finance who really like it and its reporting seems reasonably good.
Quickbooks Online
I was using Quicken (very similar to MS Money) until recently but have switched over to Quickbooks Online. I wish I had switched earlier. The automated bank feed saves a huge amount of time and the whole package works very well as personal finance software.