Top 5 Best Financial Management Software of 2017

Top 5 Best Financial Management Software of 2017

Below Are the Top 5 Financial Management Software of the 2017





Mint.Com

Introduction

Mint is a FREE online personal finance (web 2.0) service similar to Quicken. Over the past several years I’ve taken mint.com for a test spin with my personal finances. With Mint you have no local software to install, and it’s a service you can access with any browser or mobile device, where if you prefer using your smartphone you can have it installed in Android or IOS device. Setting up Mint is easy, and using it is even simpler. That's because Mint does all the hard work of monitoring your finances for you, so you don't have to log income and expenditures.

Features

Budgeting Yes
Online Synchronization Yes
Bill Payment Yes
Investment Monitoring Yes
Notification & Alert Yes
Browser Access Yes

Cost

Mint is the Freeware Software ($0.00). It does not cost you a penny, but it is ad supportive (i.e. You will see the advertisement while using the apps). And it still worth using with advertisement.

Operating System

  • Web Based
  • Android (Google)
  • IOS (Android)

Pros

Highly automated personal finance tracking. Integrates with all major U.S. and Canadian banks and financial institutions. Excellent bill payment features. Quick and simple. Useful ads.

Cons

. No percentage-based savings goals. U.S. and Canada accounts only.

User Base

Mint has more than 20 million users as of 2016 (Source: Wikipedia https://en.wikipedia.org/wiki/Mint.com)



Personal Capital

Introduction

Personal Capital is really two services combined into one — a free financial tracking tool, and a paid financial advisory service. In this detailed Personal Capital review, I’ve broken it into two sections. Click on the link to jump to the section you are more interested in.

Features

Budgeting Yes
Online Synchronization Yes
Bill Payment No
Investment Monitoring Yes
Notification & Alert Yes
Browser Access Yes

Cost

Mint is the Freeware Software ($0.00). You don’t have to worry about spending in the financial software.

Operating System

  • Web Based
  • Android (Google)
  • IOS (Android)

Pros

  It’s very easy to set up and get started with the Personal Capital dashboard.   The free Personal Capital dashboard is superb.   Graphs and charts are clear and simple to understand.   The free reports include: income, spending, investment returns, asset allocation, projected investment fees and net worth.   The information provided on the dashboard as well as the regular alerts is excellent data for any consumer seeking to stay on top of their finances.   The company sends regular emails to help you stay on track financially.   The YouIndex compares your investment returns with weighted benchmarks to demonstrate how your assets are performing against the markets.   The security is comparable to the most secure financial institutions.   The Personal Capital app and tablet versions are robust.

Cons

.   There was small conflict while setting up one retirement account. A call to customer service began a resolution of the issue. This type of issue is common when dealing will most online financial set ups.   The paid financial advisory service requires a $25,000 minimum investment. Although lower than their initial $100,000 amount, this may be a high entry amount for some.   The equal, sector weighted investment approach is distinct from the more typical market capitalization asset weights used by many other robo-advisory services and passive index fund approaches. More time is needed to compare Personal Capital’s methods with the passive, market weight index fund investing approach to determine which method yields better long term results.   For paid services, fees are slightly higher than some investment or robo-advisor competitors (the annual management fee was recently lowered), although access to dedicated financial advisors may justify the relatively higher fee structure.

User Base

Personal Capital has more than 1.5 million users.

Bottom Line

Personal Capital has overtaken its competitors with its free tools and dashboard. The paid services may be appropriate for certain investors. As with all investment advisor pros and cons, you must perform your own due diligence before investing to determine if the offering matches your individual requirements.



 

Quicken

Introduction

Intuit Quicken has been a staple of personal finance for over 20 years. Their yearly updates have allowed a gradual evolution of features based on customer feedback, so it is one of the most comprehensive financial planning programs on the market. With Intuit’s acquisition of web-based competitor Mint, Quicken is expected to expand its mobile market and replace its fading Quicken Online feature.

Features

Budgeting Yes
Online Synchronization Yes
Bill Payment Yes
Investment Monitoring Yes
Notification & Alert Yes
Browser Access Yes

Cost

Quicken Starts from $39.99.

Operating System

  • Windows
  • Mac

Pros

 Most comprehensive personal finance manager available. Connects to multiple types of accounts. Revamped user interface. Online bill-pay. Can track your home's value. Robust planning and investing tools. Dozens of report templates. Enhanced mobile app.  

Cons

User interface still looks dated. Tools don't co-exist smoothly. Can't access all data remotely

User Base

Quicken has more than 1.5 million users.

Bottom Line

No other personal financial management application offers the depth and breadth of tools found in Quicken, but its very completeness can be overwhelming  



 

Quick Books

Introduction

QuickBooks is an accounting software package developed and marketed by Intuit. QuickBooks products are geared mainly toward small and medium-sized businesses and offer on-premises accounting applications as well as cloud based versions that accept business payments, manage and pay bills, and payroll functions.  

Features

Budgeting Yes
Online Synchronization Yes
Bill Payment Yes
Investment Monitoring Yes
Notification & Alert Yes
Browser Access Yes

Cost

Quick Books Starts from $39.95 Per month. It is quite expensive than other

Operating System

Cloud Based Computing Software, Working on Windows and Mac

Pros

 Effective, attractive user interface and navigational system. Flexible contact records and transaction forms. Best, most customizable report templates. Comprehensive payroll support.

Cons

Does not support multiple currencies. High Price.

User Base

Quick Books has more than 1.5 million users.

Bottom Line

Editors' Choice QuickBooks Online Plus offers the most comprehensive set of features for small business accounting. It's easy to use, aesthetically pleasing, and has numerous integrated add-ons to extend its reach  

Wave Financial Management Software

Introduction

Wave is a cloud-based online accounting app tailored specifically to the needs of small businesses. It has provided service to more than 1.7 million small businesses and has handled $80 billion in income and expenses for those businesses since Wave began operations in 2010.    

Features

Budgeting Yes
Online Synchronization Yes
Bill Payment Yes
Investment Monitoring Yes
Notification & Alert Yes
Browser Access Yes

Cost

Wave does not cost you a Single Penny.

Operating System

Cloud Based Computing Software, No Software installation need

Pros

  • Paypal Integration
  • Free to Use
 

Cons

  • No cash basis Accounting
  • Advertisement in the Free Version

User Base

Wave has more than 1.7 million users.

Bottom Line

Wave, a free double-entry cloud-based accounting service, keeps getting better. It has an appealing look and a set of features that will please many sole proprietors, contractors, and very small businesses.  


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