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Tools

The Tools menu contains several features that can help you manage your finances.

Import

The Import menu can be used to load data into Moneydance from other sources, such as QIF and OFX files. QIF (Quicken Interchange Format) files can be exported from Quicken(tm) and loaded into Moneydance. Many bank web sites also provide QIF and OFX downloads that can be imported into Moneydance as a means of keeping accounts up to date.

Export

The Export menu can be used to output Moneydance data into a file with a different format such as XML, tab-delimited, or QIF. This can be useful for loading data into a spreadsheet, or exchanging data with other applications.

Currencies/Exchange Rates

Selecting the Currencies/Exchange Rates menu item displays a window that shows the list of currencies associated with the current file. From this window, currencies can be added, modified, or deleted. The base currency can also be set here, and the history of each currency is tracked so that you can see the exchange rate for each currency for any time in the recent past.

The currencies that Moneydance can manage include stocks, bonds and mutual funds as well as national currencies.

Translate Currencies

One way to take advantage of the up-to-date exchange rates managed by Moneydance is by using the Translate Currencies tool. Selecting this menu item displays a window where you can enter an amount in one currency, and view the equivalent value in all of the other currencies.

Reminders

Selecting the Reminders menu item displays the calendar and reminder list tool. This tool can be used to enter new reminders and scheduled transactions, and to view the calendar. The monthly calendar can be printed for offline viewing. Click here for more information about using reminders and scheduled transactions.

Budget Manager

This menu item presents the budget mangement tool. This tool provides the ability to specify how much income and expenses that you expect to assign to specific categories. Click here for more information about managing your budget.

Chart of Accounts

The Chart of Accounts shows your entire account tree, and provides the ability to open, create, edit, and delete accounts. For more information about your chart of accounts, Click here.

Calculator

Selecting the Calculator menu item displays a simple calculator.

Loan Calculator

Selecting the Loan Calculator menu item displays a tool that lets you calculate payments on a loan or mortgage. This also includes a tool to help you decide between a loan with high points and low rate, and a loan with low points and a higher rate.