SEE Finance 0.9.12.4
As I mentioned in my Moneydance review, this application was recommended via a reader comment. I hadn’t heard about the application when I did my original review, but it was so good I decided I had to include here. Ultimately I chose to stay with Moneydance, but SEE Finance was so good I gave it serious consideration.
SEE Finance is a relative newcomer to the Mac personal finance arena. I didn’t spend significant time testing every nuance of the application, but during that testing I was able to determine that it met virtually all of my requirements. SEE will handle any kind of account type I need, including investments. It was fast; much, much faster than Moneywell, GNUCash, and iBank 3. The only application that matched its speed was Moneydance. It imported almost 11 years of financial data exported from a QIF file without choking. The only accounts that had issues were some investment accounts where I’d transferred money.
SEE was very stable in my testing. The application provides multiple overviews of your finances, with seven different types of standard reports. These reports can be modified and saved. Reporting is very capable, providing PDF output and some graphing. SEE also provides budgeting capabilities, scheduled transactions and transaction filtering. Downloading from certain financial institutions is supported. Graphing is delivered in some areas, but I didn’t see a way to create custom graphs. It also looks incredible, sporting a very attractive UI with none of the homely look that Java/Swing brings.
SEE is Mac-only, so if you’re looking for a cross-platform solution this will be a problem. It doesn’t contain the concept of the homepage as Moneydance does either. Personally I’m a pretty big fan of the Moneydance homepage; unlike the cluttered and overloaded homepage(s) Quicken provides, Moneydance’s homepage is a single page where I can include only what I need. Moneydance places scheduled transactions in a list that I can include on my homepage. I can also see them on a calendar, which is actually more useful than I had originally thought. SEE Finance can also create recurring transactions but they’re presented in a list mode only. Having these on a homepage is a personal preference, so I can’t really fault SEE Finance; they just have a different way of going about it. Ultimately the functionality is still there.
Moneydance also includes some nice plugins (like Payoff!) that I didn’t see equivalents for in SEE Finance. I’d imagine much of that could be found online so I doubt it’s a showstopper for most folks. I also had a little trouble entering split transactions in SEE Finance. It was a learning curve on my end, but I found Moneydance to be more intuitive in this area. Not that data entry in Moneydance isn’t clunky at times, in this case Moneydance just seemed more intuitive. One slightly annoying thing about data entry in SEE Finance is that auto complete doesn’t work with sub categories. I have to choose them from a dropdown box with the mouse pointer every time. My hope is that this will be resolved in future versions.
I found reporting to be a bit more customizable in Moneydance than in SEE. Moneydance also provides customizable graphs in addition to customizable reports. As far as I could tell SEE Fianance’s graphs are all canned and can’t be customized. I have many, many customized reports and graphs in Moneydance, so this ended up being pretty important to me. That said, SEE Finance is very capable of producing many useful reports, including most of the same reports I currently use in Moneydance.
The cross-platform nature of Moneydance has become more important to me now since that I have a Windows 7 netbook. One license allows me to use it on the Mac, Windows, and Linux. All versions use the exact same file (more than I can say for cross-platform versions of Quicken). I can edit the file on Windows, then go home and work on the same file on my Mac (I use Dropbox to keep it in sync between computers – encrypting the file first, of course).
The version of SEE Finance I downloaded was a full version, hindered only by a nag screen on start up that goes away once you purchase the software. This is a vary liberal evaluation policy that allowed ample time to use the software. As of November 2010 the software was selling for $29.99; an incredibly good price for software with such an extensive feature set. This software isn’t even to version 1.0 yet and it’s already much better than iBank 3 and Moneywell (in my experience, at least). [Update 7/12/2011: iBank 4 has significantly improved; I’d now consider it as good or better than SEE Finance]
At the time of this review SEE Finance was the closest runner to Moneydance in speed and feature set. Although SEE Finance looks great and performs well, there are still several features that Moneydance brings to the table that I personally find very valuable. I wasn’t compelled to switch from Moneydance, but if you’re a Mac user I’d recommend running both Moneydance and SEE Finance side by side for a while to see which one you like better.