MoneyWiz is a financial services program that can sync your bank statements on multiple devices. It can manage your bank accounts, stocks, budgets and bills with machine learning functions and behavior prediction algorithms. You will be able to see your overall financial status on multiple devices; you can use MoneyWiz on Windows devices running Windows 8 or 10 as well as macOS, Android, and iOS devices. This will allow you to monitor your accounts anywhere, anytime. It’s most notable function is creating graphs and charts based on your budget or sources of income, giving you insight on financial opportunities or gaps in expenses.
At launch, you can choose between two account modes: automatic sync and manual transaction. Automated MoneyWiz accounts connect with your online banking accounts. Manual transactions collect data from CSV, QIF, OFX, QFX, and MT940 files. You can also select account types through manual account mode. You can choose from seven accounts: Checking, Credit, Savings, Loan, Cash, Investment, and Forex/Crypto. These will not only track your debit and credit accounts but also your non-liquid assets.
Should you have an Investment and Forex account, MoneyWiz will display 3 charts: Investment, Holdings, and Trades. Each chart gives an extensive report of your stocks and transactions. Beneath the Investment chart, you will see detailed information about your equities. This includes the cash in your portfolio, the market value of your securities, and the difference between your portfolio’s current and beginning price.
You can change parts of your account such as your account name, opening balance, connect or disconnect from online banking, etc. The fastest way to see the editing options is to double click the account name. What you cannot edit are the account types. For example, you cannot convert your savings into cash. Simply move the amount from savings to cash instead.
All-inclusive finance software
MoneyWiz has an abundance of features that will help you manage your finances. It can be used by users of different financial capacities; users that depend on salaries can use this to manage their income and expenditures, while those that have multiple income-generating assets can see how their investments are performing at any given time.