I tend to arrange my finances in different accounts for different things, e.g. separate ones for Christmas, holidays, car expenses and so on. I spend a bit of time on iTunes trying to find a suitable finance app that would allow me to manage my finances on my iPhone so that I am always on top of how much money I have.
Initially I downloaded the free version to try it out before spending any money on it. It has the same functionality as the full version but limits you to 25 transactions. I downloaded the full one when I hit this limit and had decided to buy it. It currently costs £1.79.
The app allows you to track your spending, set budgets and create graphs of particular types of spending.
The app loads quickly, showing a graph and the version number while it loads. The first screen you see is 'Accounts'. It is split into three sections: primary, secondary and other. For each of these there is a total given and an overall total of all accounts is at the very bottom of the screen. From that window you can navigate into backups, budgets and reports.
Clicking the + button at the top right will allow you to add an account. When setting up a new account you give each account a name, a currency, an alert limit, an opening balance and notes. You save the account and it automatically goes into the primary section. You can easily drag it to one of the other sections.
Accounts that are in a positive balance are shown in green, and those in a negative balance are shown in red. To enter an account and see details, you click on the name. You can search for transactions within each account and you can backup individual accounts from here too. You can set up repeat payments within each account and the app will take them into account - it warns you if it expects you to go overdrawn at any point.
Adding a transaction within an account is easy. You decide whether it is a + or - transaction, or a transfer. For a transfer, you tell it to send money between the accounts detailed in the app. E.g. you might send money from current account to holidays and it will show up in holidays without you having to do anything else. You can enter the details of each transaction, e.g. cash, or bill or any label you make up. There is space for notes too so that you can note additional information. There is a space to record cheque numbers separately too. Any transaction has the option to be repeated regularly.
The account has a very details settings area from which you can take a tour of the app, read the user guide, change your category labels, set your default currency and set up a pin for the app. In addition, you can change the colours within the app, choose the start day for your week, arrange the order in which transactions are shown and set up regular backups.
The app is updated regularly by Graham and he always warns you to backup before downloading updates.