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Personal finance software reviews

Best personal finance software

By Joe Elvin

Article 1 of 6

Put us to the test

Our Test Labs compare features and prices on a range of products. Try Which? to unlock our reviews. You'll instantly be able to compare our test scores, so you can make sure you don't get stuck with a Don't Buy.

Find out how we test personal finance software and discover which packages are the best at helping you manage your money. 

Personal finance software can help you manage your bank accounts, credit cards and investments, as well as your income and expenditure, all in one place on your laptop or computer.

Video guide: What makes Best Buy personal finance software?

Watch our video to find out what to look out for when you're buying personal finance software.

Personal finance software - lab tests 

We put five leading packages – AceMoney, BankTree, Home Accountz, Moneydance, and You Need A Budget (YNAB) – through comprehensive testing to help you find one that is easy to set up and easy to use.

Based on these lab tests, our reviews provide star ratings for 18 elements of the software.  

You’ll find out which personal finance software packages are best for setting goals, generating clear financial reports and pulling in information from bank accounts, credit cards or investments. 

Our two Best Buys allow you to manage your financial incomings and outgoings with ease. Others had pros and cons, while one package proved to be very inflexible, unintuitive and difficult to learn, scoring a miserly 56%. 

Members can log in to see the results of our analysis. If you’re not already a member, you can sign up to a two-month trial for Which? Money for just £1 to access this review and enjoy the benefits of a Which? membership.

Best and worst personal finance software
    Test performance    
Best Buy? Software Data input Performance Support Mobile app Investment tracking Test score
Subscriber only content No 76%
Subscriber only content Yes 72%
  Subscriber only content Yes 67%
  Subscriber only content No 67%
  Subscriber only content Yes 56%

Tests took place in April/May 2017. Data input: Considers the ease and speed of which you can enter your financial data. Performance: Considers the ease of use and overall quality of software in a range of areas including data input, search, report-generating, reminder-setting and goal-setting. Support: Considers range and quality of support services, including step-by-step services, email support, telephone support and help forums. Mobile app: Considers how easy the companion app is to install and use, as well as the range of features. Test score: Ignores price. Score is made up of: performance 75%; support 15%; app score 10%. Test scores are not directly comparable to previous years' results.

Personal finance software - user tests

As well as the results of our lab tests, our reviews also include detailed comments from users of each personal finance software package.  

We asked a dozen Which? members, who admitted they were struggling to track their finances, to monitor their spending for one month using our highest-rated software.

Throughout the month, we surveyed them about their experiences to see if the software helped them gain more control of their household budget.

Our reviews feature detailed comments from each of these case studies, as well as opinions from other more experienced users, so you can see which package is most suitable for you.  

  • Last updated: June 2017    
  • Updated by: Joe Elvin

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