When comparing You Need A Budget vs Moneydance, the Slant community recommends You Need A Budget for most people. In the question“What are the best personal finance/budgeting software tools?” You Need A Budget is ranked 3rd while Moneydance is ranked 5th.
Ranked in these QuestionsQuestion Ranking
Pro Fantastic support, community, and training options
Pro Cloud sync to Dropbox
There is an optional cloud syn with Dropbox.
Pro Syncs all info to desktop application
This companion mobile app will sync it's data with the desktop application so users can update their info on the fly.
Pro Multiple mobile device sync
A whole family of devices can all sync to the same account. This way everyone can stay abreast of how much money is available.
Pro Good selection of importable formats
Moneydance supports a good selection of formats, even ones that Quicken no longer does.
Pro Free trial version
Moneydance offers a free trial version so users can test the software before they decide to purchase.
Pro Cross platform
Moneydance is a cross platform app so for those that use multiple operating systems it will be much easier to import and export information to each OS running the same financial application.
Con Not a stand alone application
This app is unable to be used unless the user already owns and uses the desktop application.
Con Data must be input manually
Other apps grab information directly from banks.
Con Costs money
Unlike most applications for Linux Moneydance does cost money, $49 to be exact. So while it is the most robust option available to Linux users, it will cost to be able to use it.
Con Import tags all transactions on import under the same default category
Upon import of financial info, all transactions will be set to the same default category meaning the user will have to go back and change the category by hand to the correct one.