Updated: July 6, 2010
SplashMoney for Desktop is recommended for:
- First time users of personal finance software.
- Anyone who wants a simple solution to track spending, organize accounts and keep a budget.
SplashMoney for Desktop is not recommended for:
- Financial software power users.
- Those who actively track investments.
SplashMoney Keeps Things Simple
Main features are accessed by clicking on tabs at the top of SplashMoney, giving easy access to account registers, personal financial reports, budgets and the account reconciliation feature. SplashMoney supports checking, savings, credit card, cash, asset, liability, money market and line of credit accounts, but not investment accounts.
Account registers are uncluttered and transactions can be defined with categories, transaction splits, and classes. Click on one of the small icons at the bottom of account registers to enter, edit or delete transactions.
Setting Up Accounts and Budgets
Direct transaction downloads from small regional banks are unlikely to be supported, but if your FI is not listed, you can download transactions from the FI using one of three common data import types: OFX, QIF or CSV. Save the imported data file on your computer, then drag the file to the appropriate account in SplashMoney and the transactions appear in the register. While direct downloads are easier to use, this procedure took me all of three minutes to finish.
To set up a budget in SplashMoney click on the Budget tab, double click an income or expense category, then enter a monthly budget number in the pop-up window. SplashMoney only allows for monthly budgeted amounts, so semi-annual and quarterly bills require calculating the annual cost and dividing the cost by 12 to come up with a budgeted amount for each month.
Financial Reports and Saving Time
SplashMoney features that save time and enhance ease-of-use:
- Auto-fill and memorized transactions make data entry faster in account registers.
- Scheduled transactions help with getting bills paid on time.
- Secure encrypted password protection.
- Multiple currency support.
Should You Try SplashMoney?
Consider SplashMoney if you want easy-to-use, reasonably priced personal finance software with decent customization options and without the extensive list of advanced features found in more advanced desktop software like Quicken.
- Windows 7, XP or Vista
- Mac OS 10.4.11 or later