Simple cross device finance manager
I had a New Year’s resolution to get my finances under control. I wanted something that was simple and easy to use and I have found that in Debit & Credit. I have used finance management software in the past with syncing capability but you had to pay for the feature and would only work if you were on the same network but with Debit & Credit it is built right into the free version If you are looking for something simple, easy, and cross Apple device compatible this is your app.
Adequate but Still Lacking
By ChiTown SuperPiggy
Unfortunately I had to upgrade to the premium version almost immediately to get a true feeling of the app's possibilities. I wish I hadn't because that is now money lost.
Once I dug into the actual record keeping and transaction entry, I quickly realized I could accomplish many of the same features using an Excel spreadsheet. Had I known that I would have opted for an app with better and greater features. It is simplistic in its approach to record keeping. For some people that works, but not for everyone. I need a robust set of features allowing for multiple accounts and different types of record keeping.
This is a fair start, but needs a lot of development to meet all that it promises. If you need basic, this will probably work for you. However, if you have multiple bank accounts and/or you have multiple credit accounts, then this is one to stay away from.
How do you download transactions from the bank?
In search of a Quicken for Mac replacement, I just installed this app. UI is OK but agree with some other users that it’s a bit outdated. That’s not the main issue though. Creating an account is fairly straightforward but does not do anything, i.e. it does not let you connect the account to an actual bank or credit card account. Is the purpose of the app to download the transactions from my bank(s) and then import them manually?
Great and simple app
I love this app to manage my finance acccounts. Simplicity and integration with my iPhone and tablet using iCloud is the key. I love the ability to project my finances in the future. I used Microsoft Money, Mint and Quicken but this is what I really want and need. Straight to the point.
I have been using this App during the last 5 months, it is super great, easy to use with seemless integration and syncronization with the iphone. I love it.
Soild Start - Looking forward to Future Features
Very impressed with the simplicity and function of this app. (1) I love the privacy approach - incredibly simple and straighfoward. (Everything is on your own iCloud account. The developer sees nothing.) (2) The account sharing feature was a little buggy, but once a I reset my devices we were up and running. (3) I set up a simple envolope system by creating additional accounts not connected to actual accounts. It works great. (4) The reporting feature is a bit limited at this point. Hopefully I’ll be able to run custom reports in the future. (For instance, if I could compare the toal of my envolope accounts to the total of an actual account, that would be great. Or if I could save multiple reports for tax purposes, I’d be good shape.) (5) Downloading my transcations is currently limited to MacOS. My bank does not allow me to download my transcations via CSV on iOS. If privacy could be maintained, I’d love to see some type of improvement in this area. (6) It would be nice to see some consistency around entering “new” transactions, or “new” scheduled transactions, etc. As a new user, I’ve been thrown off by the interface a bit between different categories and platforms. (8) The price seems fair and reasonable. (I was paying about $70/year for other services.) / Overall, nice work Ivan! Keep it up! I’ve used a lot of different personal finance products and I could see myself sticking with this one for a long time.
By Boris Arutyunyan
After using Microsoft Money over 18 years, thankful for this free option. Question: how to change an account name? Thank you.
good but needs some work
By why nickname??
It works well and has a decent interface. But, 2 peeves
1) automatic decimal point is lacking - this seems like a huge omission in an accounting program
2) display of spending categories isn’t implemented propertly - you can nest categories under “parent” categories, but when you go to assign a category to a new transaction, this nice hierarchical structure isn’t present.
Syncing between desktop and iOS versions is solid.
Haven’t yet tried reporting functions.
I really want to like this program, but it just has odd quirks and missing functionality that make it challenging, IMO.
Every program I’ve ever used automatically uses the previous month’s reconciled ending balance as the starting balance for the current month’s reconciliation. Not so D&C - it starts off with a zero dollar amount. IMO this introduces a potential for error.
Similarly, every other checking app has an indicator fo reconciled entries in the checking register. D&C does not, so when you’re reviewing an account looking at the register entries, you don’t know which transactions are reconciled or not. This is just so unlike all the checking account apps I’ve used for 30 years that it is unnerving to me.
On the plus side, the developer is very responsive to questions, often answering any emailed question within in an hour or two. I really like that.
OK, but not worth the new subscription model
I was a Quicken user for 23 years. I switched to Debit & Credit when my older version of Quicken was no longer compatible with the latest MacOS, because I didn't wish to participate in Intuit's pricey subscription access scheme just do simple basic personal account tracking. Overall, I am happy enough with Debit & Credit because I was able to buy it for a reasonable price and avoid having to continually pay for subscription access. However, since I purchased this program, the developer has moved from a one-time purchase option to a subscription model.
Having used Debit & Credit for almost one year, I can say that it is a functionally viable alternative to a basic, older desktop version of Quicken, but—and this is a BIG "but"— it has a VERY clunky and amateurish user interface. Navigating around the program and entering data requires lots of needless extra mouse clicks, and there are little irksome issues such as the account screen constantly scrolling back up to the oldest transaction entries. It works, but the experience is neither efficent nor enjoyable. Given the unintuitive and frustrating interface, I would NOT pay to stay subscribed to this app. I'd either sign up for a Quicken subscription or find another off-brand app that I could buy economically and not keep having to pay for.
2 Years of Excellent Service
December 2016, I started with the free version of Debit & Credit but within days purchased the premium version. Today, I track income and expenses, and transfers between, fourteen bank, credit card, and loan accounts (some having high activity and some next to none). Six of those accounts are shared with my spouse's iPhone and all of them appear on my iPad, iPhone, iMac, and MacBook Pro. The moment either of us enter a transaction, the entry appears on every device. I reconcile my accounts at least monthly but my active accounts are reconciled multiple times each month. B&C makes entry so easy that, say for credit card purchases, we do it at, or while walking away from, the point of sale. Since the entries are made as soon as the transaction occurs, and since the transactions sync to every device, I never have any trouble reconciling my accounts. I don't, but have and definitely should, use the Budgets feature; it's there and works well, we just don't always need it. Scheduled transactions are a huge help in tracking regular/scheduled expenses and income. Payee Locations lets me geolocate regular transactions at the usual gas station, grocery store, etc. and auto-populates the Payee and Category fields; the auto-populated information is simple to change if I visit the florist next to the gas station but the feature saves time and works great. If I could make one change, I'd like to see a settings option that allows the user to choose automatic fractions of digits; having "$1589" automatically appear as "$15.89". Whether I ever see that option, or not, I absolutely LOVE Debit & Credit and hope I never need to figure out how to manage my finances without it. To the developer, Ivan Pavlov, please note that I wouldn't complain if a future update required me to make an additional purchase; I just want everything to continue working and the app to always be available.