PROS / iCash can track all types of accounts, including cash, bonds, stocks, liability and mortgages. It can also configure alerts and automatic backups.
CONS / This personal financial software for Mac does not include Direct Connect to banks, compatible mobile apps or tools to import stock quotes. iCash also includes few advanced budgeting tools.
VERDICT / iCash works well independently at tracking accounts and transactions. However, it lacks integration tools that most of us have become accustomed to, such as synchronizing with mobile devices and direct access to online accounts.
Editor's Note: This review has been removed from our side-by-side comparison because it no longer ranks as a top 10 product. The original review is below, but check out our current top 10 about Mac Personal Finance Software here.
iCash personal finance software for Mac includes comprehensive tools for tracking transactions and managing payees. It can help you track all types of accounts, including assets, liabilities and investment accounts. This software also has tools that can benefit groups and freelancers, such as the ability to track projects, sales tax and grouped transactions. Using iCash, you can mix accounts in different currencies, and the software is available in seven languages.
This Mac finance software can track a wide range of transaction information including invoice numbers, taxes, tracking numbers, comments and projects. Although it does not include a Tag tool, the Project tool can be used in this fashion. You can create projects such as "Bathroom Remodel" or "Halloween Fundraiser 2012" to track and sort related expenses. Of course, you can track major categories such as Utilities or Groceries as well. Regarding payees, the software can store addresses, phone and fax numbers, email and web addresses, Tax ID numbers and comments. It will also organize payees into types, such as Supplier or Service.
Using this software, you can create budgets and schedule payments. iCash can create budgets and compare them to your actual expenses. You can view expenses weekly, monthly, quarterly, semiannually and annually in one view to get a clear understanding of your actual long-term expenses. The application also has a tool for creating what-if scenarios based on projected income and expenses. Budget items can be set to specific time intervals, such as monthly for bills and biweekly for income deposits.
iCash can track any type of account you create, including investment accounts. It has tools for tracking pension accounts, assets, stock portfolios, interest and investments. It even produces profit and loss reports and net worth reports. However, since it does not directly connect to bank accounts, you will have to import your account data or enter information such as stock prices manually. Additionally, although iCash can track the stocks you own, most financial software at this level is not suitable for supporting the needs of active traders.
Although iCash can track accounts and transactions well, a few things kept it from reaching the top of our review list; these are mostly convenience features such as Direct Connect to bank accounts and mobile apps. After setting up Direct Connect with your financial institutions, finance software can automatically synchronize with your online accounts for up-to-date information with little effort on your part. Without Direct Connect, you have to login to your accounts online, download your data and then upload it to the software. iCash also does not include mobile tools. Many top Mac financial software providers offer compatible apps for the iPhone or iPad that you can use to enter transactions and view balances.
iCash is easy to use and is a good tool for tracking transactions and project expenses. It also tracks payees well and can easily track budgets through the year. However, this Mac personal finance software cannot directly connect to banks, and iCash does not offer mobile apps to work with the software.