Tracking your income and expenditures in a software program has more benefits than storing receipts and salary leaflets till the end of the month. However, having this ability only on a mobile platform might feel a bit uncomfortable. That's why with Money Manager Ex you can also enjoy a desktop environment and even share the data with your phone app, and the guys in the cloud.
Money Manager Ex or MMEX can manage several dedicated databases, each containing accounts and transactions. A database can work with multiple currencies and make the necessary conversions based on online data. You can also edit the rates yourself.
You may create accounts with different nomenclature like Checkcing, Credit, or Investment, although all work the same way, the only difference being the category in which they are initially put. Accounts are organized in different categories and are accessible via the left hand panel, which also contains other elements, like an asset inventory and setting up recurring transactions.
Money Manager Ex is supposed to notify you of soon to resolve recurring transactions, although I could not find a way to set up these notifications. I also don't know whether these transactions are performed automatically or require confirmation. In any case you can set to skip the next occurrence via the right click menu.
You can also set up yearly or monthly budgets. Once set, you can edit the limits of every transaction category in order to get specific feedback on them. Subsequent budgets can be examined in pairs on the same view for easy comparison.
Speaking of comparisons, the Reports section features several reports branches. From monthly summaries to cash flow, you can review your transactions and even examine forecast reports.
For those who like to stay on top of things at all times, there is the mobile version of MMEX which is claimed to be able to synchronize data even with the desktop version, although I could not find a single cloud storage setting nowhere within MMEX. Even so, if you're feeling anxious about prying eyes examining your financial data, you can always convert your mmb database into an encrypted emb database. Take that 'Russian hackers'!
- Supports all currency and can update rates online
- Recurring transactions
- Varied reports
- Asset inventory
- Databases can be encrypted
- Supports SQL style queries
Money Manager EX works fine enough. The desktop version is not very pretty to look at, but then the Android version isn't either. I was very disappointed not to find a single sync option in this desktop version. Ah well, being that it's the only desktop finance manager that I've looked at, I'd definitely opt for any mobile app instead; Simply because I don't like to keep receipts and notes, just to process them when I get home, when I can just as easily record them with a few taps on the spot. MMEX is clearly designed for more important record keeping.