In 2018, the developer upgraded the software again, releasing Banktivity 7, which provided support for new macOS features such as Dark Mode and improved other financial tools, including reconciling and calendar view. Banktivity 7 remains as powerful a personal finance tool as iBank was, and added improvements to its functionality increased its strength in the field of native-Mac financial software options. Review the features below to see if Banktivity 7 is the right money management software for your Mac. Enter transactions as you spend money or receive income, or import transactions directly from your financial institution with direct connect, which updates your accounts automatically. You can also enter information by downloading a data file from your bank and importing it to Banktivity. You can even attach images to a transaction, such as a photo of a receipt or warranty. Banktivity can be used to track:
CashChecking accountsSavings accountsMoney marketsLoansInvestments401k and 403b accountsCredit cardsReal estate HELOC and other lines of credit
You can link your real estate to your mortgage and see how much you are leveraged; you can also track your loans, interest rates, and payment schedules and incorporate your loan data into your budgets. Banktivity’s debt-tracking and -reporting features are stronger than its competitors, boosting its usefulness in paying down debt. Banktivity also lets you pay bills online. Sync your account data across your mobile devices with the Banktivity for iPhone or Banktivity for iPad apps. Banktivity also helps you budget for irregular months (such as December’s holiday spending). You can track your spending, comparing your goals to your results, and look at your daily progress. You can categorize and tag your transactions, which lets you track spending across multiple categories, a useful feature for reviewing vacation spending or managing a home renovation. You can also create budget groups. Synchronization allows you to see up-to-date budget information from your mobile devices. Banktivity also provides a range of fully customized financial reports that include:
Income and expense Net worth Tagged spending Payee Loan and debt Category Transactions U.S. tax Investment summary Financial forecasts
The reports can be exported to common spreadsheet software like Numbers or Excel, and tax data can be exported to software such as TurboTax. A calendar view allows you to see scheduled transactions, running balances, and investment performance over time. Banktivity also shows stock quotes and a personalized portfolio view. Detailed investment reports analyze capital gains (realized and unrealized), income, diversity, and return on investment (ROI). You can also see the current market value of your portfolio and view or manage multiple currencies. Banktivity’s investment analysis is stronger than with Quicken or YNAB, its main competitors. Banktivity 7 offers a 30-day free trial, after which you have to pay to unlock the full functionality of the software. The price is reduced for users upgrading from a previous version. Direct access to connected banks may incur an extra yearly cost. Banktivity offers a 90-day money-back guarantee and provides U.S.-based customer support, including free live chat.
