iFinance 5 Reviews

I went back to version 4, as it's easier to use and to read. I also miss the 3 letter abreviation next to the date in the daily summary row. I had hoped that there would be new icons as category symbols, but no such luck. The Comment field used to be directly below the Category drop-down box, but now Tags and Check Number come before the Commets - I only use Comments. The date pickers are over-engineerd, as are the amount plus/minus and the Payee/Payer edit feature. But the Repeat Transactions appear to have been made simpler to understand.

The application is very nice. However, the developers have no idea of finance. Specifically, in an effort to make the reconciliation as friendly as possible, they have made it as dum as it can be to the point to be useless. The process was bad in version 4 but now users cannot even know what values need to be reconciled because there is no place to enter the beginning and ending balances given by the financial institutions. Then, how can a user know if all values have been reconciled? The only way is by pulling a statement from the financial institution. The reconciliation should not be a "rolling" process, which is what the developers have done. Reconciliation should be isolated process for each reconciling period.

I have been using iFinance4 as long as it has been out. It worked perfectly. The new this app is a desaster. I downloaded it, paid the subscription and registered my bank accounts with Plaid. iFinance5 doesn't refresh the bank account data. It says it is connected with the bank via Plaid but the data only refreshed the first time I used iFinance5 , after that, I can't get it to refresh. It has a setting to tell it to refresh upon opening, however; that setting will not work, it only stays on manual.

THIS IS THE PITS - I used to love iFinance but now it's usless!

I love synium software however this product has been a huge disappointment from the dated Clunky interface to needing a 3rd party to interface with your bank, which is a monthly cost. Then add in a dash of that service is very poor leading to lost money and frustration both of which I do not need. Frankly I expected better from synium, from the additional cost to the buggy app behavior to the lack luster interface, please go back to the drawing board.

Seems like the transactions don't update like they are suppose to, even after connecting my accounts and paying not only for iFinance5 , but also the subscription service in iFinance5 for Plaid. I reached out to the developers and mentioned my issues, they did reply very quickly, but the update they added still didn't fix the issue. Seems like iFinance5 would worl for anyone that is dealing with raw files, but for people who want it directly connected to their banks, credit cards, etc. I would look else where.

Not happy with the fact that every few weeks I must re-establish my purchase that I have made for a years services. I am looking at my accounts multiple times a week, enough to validate who I am I would think. I also am confused by different wording about my current paid up status that does not tell me that I am paid but asks if I want to make a change to premium, when I have had Premium in the past/currently. Also, I use Apple sign-in and sometimes it works and sometimes it fials. That is confusing, and irritating.

I have been an iFinance user since version 3; 7 years.

I had very few problems with any version through version 4.

However, since upgrading to iFinance 5 on both my Macintosh and iPhone, the capabilities of both apps have progressively deteriorated.

Late in 2022 the Macintosh app lost its ability to calculate the value of stocks using the shares owned and the market prices.

Contact with Synium received "We cannot duplicate that issue" and there it ended.

This year the iPhone app also lost its ability to calculate the value of stocks.

Now the Macintosh app has lost its ability to correctly add the total value of assets which have been designated in iFinance5 to be included.

This time contact with Synium received; "There some customers who experienced this while using a VPN or firewall that block server connections.
We just got a few cases where the customer seems to not use any of those and still got this issue but we were never able to recreate it.
However, we will try to improve this with one of the next updates."

Updates to both came in today (6Mar24), but these still issues persist.

I tried removing and downloading the apps to no avail. In fact I get the same problems if I enter stock data in their "Demo" sample app.

There are several areas for improvement, but support is very slow responding back. This could be the best App for personal finance in the whole App Store, but they need to listen to the customer suggestions and keep a good communication.

I really like using the current version of iFinance,. However, I do have one suggestion. An improvement would be to show each entry in a sequential order. By that I mean -- to have each entry appear at the top of the list when it is entered. Thanks. dp

While they think they have improved things, for those of us used to having an area for reconciliing and balancing accounts, by eliminiating that functiion, I missed several critical entries that were not posted. You need the amounts (especially for bank accounts) across the top to make sure everything gets entered.

I was one of the beta users for version 5; it had some glitchs but not as many as now. It seems to "freeze" between actions. Even the many colored circle of unknown comes up after and during the time the computer is to act on the program The version is very slow; I have never been able to link with my bank directly but could import the data in a timely manner, that does not occur. Please look into it, it has some good features but the bad is hard to overlook.

Plaid Doesn't Always Import Properly. It imports $ amounts for the wrong Payee/Payer. So I have to correct for the Payee or $ amount. Tags and Categories mostly work as expected. I've used most of the financial apps on the Mac App store and iFinance has a superior interface. I expect that it will continue to get better at downloading transactions more accurately.

Where is this function on the latest version??

Have been using the iOS and Mac versions of iFinance5 for about a year now for tracking my expenditures across my 2 credit cards and checking account. My needs are fairly simple and straightforward, and iFinance5 has met my expectations nicely. What I like: support for import file formats (both on my Mac and on my iPad), iCloud syncing between my devices, automatic classification expenses into categories, and tracking of mutual fund performance. iFinance has capabilities that I’m not using, and I find its interface to be a bit complex. However, this really meets my needs nicely. Highly recommended.

way too many bugs. can't see any improvements. lost screen viewing width. many issues trying to get back to where I was in 4. may go back to iFinance 4. and worst of all. WHY do I have to pay for an update anyway? :(

I'm thinking of going back to 4. Why?
1. Slowness. Adding new items.
2. Doesn't start with the account I was working in last.
3. Doesn't save my column changes. Removed columns come back when app openned again later.
4. REMOVED PENDING FROM RECONCILIATION. I now have to use a yellow flag.

I have been using it since 2011. It keeps improving with each new version at a reasonable price and all subversion upgrades are free.

The only software I have used more than a dozen years is Syniums' MacFamly Tree, which is why I chose IFinance in the first place.

1st day using iFinance5 , was able to to create and transfer information from Quicken account by account (CSV file). One feature which might help is a column to show current balance in the register

It would be a great help to monitor everything from our apple watch since with the hustle and bustle of everyday life it is complicated to be looking at the phone to see how our finances are going.

The Synium team has done an outstanding job with iFinance5! With iFinance 5 you have a solid alternative to some of the other finance apps!
I'm not using the online account connections but for direct entry iFinance 5 works flawlessly and has an easy to use and great looking interface. iFinance5 has so many great features to help manage personal finances - it's a pleasure to work in and explore iFinance5. The Analyses/Reporting section takes some getting used to but with right Account / Category setup it's extremely powerful with the built-in flexibility to customize. A key point for me was the iCloud sync, which others don't offer. 5 stars!