Money Manager Ex
by CI Staff
Money Manager Ex is a budgeting software package that enables users to keep track of their income and expenses and generate reports on their budget and spending habits. After downloading the program you have to create a database. You simply specify where you want your files to be saved, create a name for the files, then click save. After you save your database, a “New Database Wizard” window will pop up. You will be prompted to pick a currency and the wizard will automatically walk you through creating your first account, which can be any type of bank account.
Money Manager Ex then allows you to input each income or expense as it happens. Users can not only create bank accounts, but also stock, asset, or repeating transaction accounts. The program also allows you to create a budget for a month or year so you can later compare how you did against your budgetary goals. Budgets can be displayed either in calendar years or financial years. To add a budget, right-click on “Budget Setup” and a window titled “Budget Editor” will pop up. It will prompt you to add a month or a year. Once a budget is created, you can edit each category by double-clicking it. This makes it easy to specify what kind of account the budget is, the estimated versus the actual budget amount and more.
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Users can create a wide variety of reports in order to analyze their budget and spending habits. This includes an overall summary as well as spending by each category, different payees, income vs. expenses and even transaction reports. All the different types of analysis are good for individuals who want to look at their budget in more than one way. Users can figure out which payee gets the most money versus which category they spend the most money in.