You can hop between cost, tax or asset-allocation views, or break out portfolio segments such as mutual-fund, equity or debt accounts. There also are many fine-grain ways of measuring performance - not just via gain/loss and gain/loss percentages over a variety of periods, but also using return-on-equity and return-on-investment amounts and percentages, price/earnings ratios and price-earnings- to-growth ratios, debt-to-equity, and other measures against industry averages. Others, such as dividend, yield and dividend-date measures, apply to certain equity subsets. Some, like Morningstar rating and fund-category rankings, are useful for mutual-fund screening. QUICKEN OFFERS CUSTOM PORTFOLIO views, which can include any combination of more than 100 performance metrics. Some competitors like Mint, MoneyDance and Yodlee also can download investment transactions and produce rudimentary displays of holdings, ticker prices and market values. Like most of its Web-based peers, Rudder pays bills, updates accounts and highlights what is left. That's a beautiful sentiment but real money management is multifaceted, and requires a full box of tools. One newer entrant claims that "with, after a quick, sub-five-minute set-up, your finances go on autopilot." These changes address the main value-added offered by Mint-like PFMs, all of which emphasize their "simplicity" of use and their ability to "simplify" finances. Similarly, a new one-page summary of accounts puts a different face on the cash-flow and spending-by-budget category reports already in Quicken. In that tradition, Intuit has added its $70 WillMaker software to Quicken 2010 and given its long-standing bill-paying reminders a touch-up. It just tightened a few nuts and bolts each year and made cosmetic changes, so each new version could be declared "easier-to-use."
Great, but how is a for-profit business supposed to generate new revenue? To its credit, Intuit never trimmed Quicken's features. Quicken's problem is that it had assembled a near-complete set of financial tools sometime back in 1998 or 1999. Likewise, there is no more complete way to manage bank and liability accounts, build budgets, pay bills, plan for retirement - any task involving a dollar sign. There is no solution that comes close to the portfolio manager in the Quicken Premier 2010 and Quicken Home & Business 2010. And young PFM adopters have spoken: They want something cheaper and simpler than Quicken - something more like Yodlee Moneċenter ( /ymc_home.shtml), Wesabe ( or Moneydance ( However, for active investors, including many Barron's readers, these products won't do - not even Quicken Online ( ), which has siphoned hundreds of thousands of users from its namesake. Be it a desktop or Web-based business, the prospect of landing new revenue from new users always trumps the interests of existing customers.
Moneydance also works well to record information related to investments in stocks, bonds, CDs, mutual funds and more.Mint's ability to attract more than a million new users in two years is an ominous portent for Quicken ( ) and those who use it. Users can create a schedule for future or periodical payments and the software will send automated reminders from time to time. Moneydance gets a notebook like user interface, but here the calculations get done automatically. These visual reports can also be saved into PNG files and can be printed on paper. The software includes various graphing tools that can generate visual reports of income and expenses. Users can access information related to account balances, upcoming and overdue transactions and exchange rates as per convenience. It also categorises the transactions and removes the ones that are not important. The software automatically downloads transactions and makes online bill payments in a hassle-free manner. People can use Moneydance to manage their preferred currencies with ease. Moneydance is a personal finance management software that helps individuals with money management, bill payment and investment tracking facilities. They protect your data by using a secure Internet connection and the latest SSL encryption technology.read more Access both e-bills and manual bills on one common dashboard. No need to go to different websites, remember passwords, and monitor multiple accounts1. Now Quicken Bill Pay1 is free with Premier and Home, Business & Rental Property plans. Reimbursement for expenses incurred for stolen or damaged phones, if recurring phone bill payments are made with an eligible Mastercard. Get real-time notifications in your Quicken mobile app* when you use your card, including pending transactions, so your spending, budgets and custom alerts are always up to date. Quicken is a personal finance management tool that helps to organize and manage personal budgets.