Personal Finances USB Software

Portable USB Personal Finance Software Does Not Measure Up...Yet

Pros: Personal Finances for USB

• USB Software: Personal Finances runs from a USB flash drive so you can take the software and your data with you to be used on any Windows computer with a USB drive.

• Multiple Data Files: Create and keep more than one data file in Personal Finances. Track your home finances and small business finances in two separate data files. Set up a data file for yourself and one for a child to teach financial management with Personal Finances.

• Unlimited Categories: Personal Finances offers unlimited categories and subcategories to define spending.

• Category types include income, expense, transfer, family members, and sections.

• Easy Data Entry: Since Personal Finances is very basic personal finance software, creating an account or a transaction requires just a few clicks. To create a transaction, click on New at the bottom of the main screen, then select expense, income transfer or planned expenditure (scheduled transaction) and then enter the transaction details. Click OK and you have entered a transaction.

Cons: Personal Finances for USB

• Reports: Personal Finances offers only rudimentary financial reporting by categories with a few options for sorting data. Although Personal Finances reports can be printed, there are no graphs and reporting is only available in a month-to-month format.

• Multiple Currencies: Personal Finances can set up multiple currencies, but there does not appear to be a conversion feature for working with multiple currencies.

• No Reconciliation: While you can set up separate account registers to enter transactions into with Personal Finances, there is no way to reconcile your accounts to determine if they are accurate.

• No Budgeting: Personal Finances has no budgeting feature and budgeted amounts cannot be set for categories.

• No Scheduled Transactions: While scheduled transactions can be entered as a planned expenditure, there is no complete list of planned expenditures in Personal Finances. There is no calendar with which to view scheduled transactions as you would get with Quicken or Microsoft Money.