MoneyDesktop Review - why 4.7 stars?

MoneyDesktop Review
ITQlick Score: 92/100
ITQlick Rating: (4.7/5)
Pricing: 5.2/10 - average cost
Category: Accounting & Finance -> MoneyDesktop
Ranking:Ranked 2 out of 419 Accounting & Finance systems
Company: MoneyDesktop
Typical customers: SMBs
Platforms: Desktop
Links: MoneyDesktop pricing, MoneyDesktop alternatives

Shlomi LaviShlomi Lavi / updated: Mar 12, 2022

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What is MoneyDesktop and its features?

MoneyDesktop is an on-premises accounting and bookkeeping application. It offers a wide range of features that makes it easier for businesses to manage their business on their system. With the decrease in paper-based models for account management, MoneyDesktop provides an easy-to-use interface for even novice users.

The features offered by MoneyDesktop include user internal accounts view, credit limit, manage alerts, duplicate account management, historical balance management, aggregate transactions for internal and external accounts, export CSV, income statistics view, trends, budgeting, alerts, and goal management. Even users can create their budget as well.

The target user audience size of MoneyDesktop is small and medium-sized organizations. MoneyDesktop offers integrations through API support to help businesses with features like analytics and connectivity. For example, by integrating MoneyDesktop with your online bank, you can now manage all your transactions in one place.

MoneyDesktop was developed by MX Technologies, which is a fintech company based in Lehi, Utah, United States. It was founded in Mar 2010 and currently has an employee base of around 50 employees, making it a small-sized organization. MoneyDesktop is used by the Coca-Cola credit union for its customers around the world. There is no mobile support by MoneyDesktop.

What is MoneyDesktop rating?

The rating of MoneyDesktop is 4.7 stars out of 5 and the total score is 92 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Who uses MoneyDesktop?

The typical customers include the following business size: SMBs.

Is it easy to use?

Yes, MoneyDesktop makes it fairly easy to use. This product is user friendly and intuitive.

Is MoneyDesktop cloud-based?

No, the software in not cloud based so you would need to install it locally and connect it directly to a server.

Can it be used on mobile?

No, currently MoneyDesktop can't be accessed on mobile, you would need to access it from your computer.

Is MoneyDesktop the best Accounting & Finance system?

MoneyDesktop is ranked 2 out of 419 software in their category (Accounting & Finance systems).

What are MoneyDesktop's pros? (4 Pros)

  • MoneyDesktop offers integrations to provide higher support to businesses
  • It has an easy-to-use interface
  • They are offering continuous improvements to support user requirements
  • Android and iOS mobile support is also provided to the users

What are MoneyDesktop's cons? (1 cons)

  • There is a need to improve performance

Who are their main alternatives?

Every business has different needs and requirements. Therefore, it is essential to compare and analyze the various alternatives to find the right accounting and business tool for your business. The three competitors of MoneyDesktop are QuickBooks, MultiCHAX, and FreshBooks.
  • Functionality: QuickBooks is a cloud-based accounting and bookkeeping software for medium and large-sized organizations. It offers various features, including transaction tracking, bank integration, tracking and invoicing, taxation, employee hour tracking, budgeting, online payments, scan receipts, track invoice & billing, profit & loss reports, cash flow statements, and export/import CSV. Compared to MoneyDesktop, QuickBooks offers higher feature support. Moreover, QuickBooks offers both on-premises and cloud access.

    MultiChax is a cloud-based and on-premises printing software that can integrate with your current accounting program. Moreover, blank check printing, customized checks, multiple template support, eSignatures & logos, and network compatibility support. Furthermore, you can integrate MultiChax with QuickBooks for quick printing of receipts.

    MultiChax is not specifically an accounting software. However, a check printing tool can make check handling for your business faster and more efficient. FreshBooks is cloud-based accounting software for all types of organizations.

    It offers features such as invoicing & accounting in-app estimates & proposals, payroll, recurring billing, app integrations, pre-populated chart of accounts, check-out links, and time tracking. The feature set offered by FreshBooks is similar to MoneyDesktop. However, FreshBooks offers highly interactive visualizations and graphs.
  • Pricing: The cost of QuickBooks is around $8 per month for the basic plan. Whereas the Premium package costs around $17 per month. However, the basic price of MultiChax is $99 with no additional and recurring fees. Whereas the ultimate MultiChax is around $299. The cost of FreshBooks is approximately is $6 per month for the basic plan, whereas the premium pricing plan is $20 per month. The users can also get a custom plan by contacting FreshBooks support. In the given three alternatives, QuickBooks is the lowest-priced option.
  • Support: MoneyDesktop offers complete support to its users. From documentation to live support, MoneyDesktop has everything in place to help its customers. Moreover, it also provides newsletters, webinars, and training for easy onboarding of the users. On the other hand, MultiChax is just an online knowledge base and online support. However, QuickBooks and FreshBooks offer documentation, blog, newsletters, and online support to help users with their concerns.

What is the cost of MoneyDesktop?

What is the REAL total cost of implementation? on top of the total cost of licenses which is easy to calculate you need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 5.2 out of 10 (10 is most expensive). Find here the REAL total cost breakdown for MoneyDesktop

What should you ask MoneyDesktop during a demo session? (65 questions)

Schedule a demo with MoneyDesktop and access 65 must ask questions for the vendor while watching MoneyDesktop in action. Visit the vendor's website here.

Where MoneyDesktop is used?

MoneyDesktop is ideal for small and medium-sized businesses. With a wide range of features, you can easily track your business transactions in no time. The overall user interface of MoneyDesktop is easy to navigate with interactive reports and graphs. Moreover, with integrations via API keys, you can integrate MoneyDesktop with your current systems. In addition, MoneyDesktop has other modules such as connectivity, analytics, financial insights, and a personalized marketing module that brings all your business requirements under one roof.

List of categories

Core Accounting

List of features

Data Import/Export
Basic Reports
Online Customer Support

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Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.