Debit & Credit is a desktop utility that provides you with a simple and quick way to keep track of your incomes and expenses. By using this type of programs, you can easily figure out how well you're spending your cash and look for solutions to save money.
The tool's interface is nicely designed and straightforward. You just need to enter a couple of details about your bank account (not private ones), such as the current balance. Then, all you need to do is to add transaction items. The program will automatically calculate your balance as soon as you make a modification and back up the stored records. In addition, you can sync the data across your iCloud account and check your financial data directly from your iPhone.
Another advantage is the fact that you can schedule transactions and get access to detailed statistics based on the stored information.
Only 2 things bother me about this tool: it supports only 2 output formats when exporting the stored information and the fact that you need to upgrade it to its Premium edition to monitor more than 2 bank accounts.
Considering there aren't many Mac tools that help you manage your expenses and incomes at reasonable prices and provide you with multiple features, Debit & Credit is definitely a utility that is worth a try. It works flawlessly and brings you many advantages.
v2.2 [Jan 31, 2017]
- Added option to save custom report settings as default for a particular report type. This option appears after you change default report settings.
- Budgets can be filtered by transaction tags. This is useful when you want to exclude a particular type of spending from a budget or to filter it by a specific event like a vacation.
- Option to carry over negative budget balances to next periods.
- Transaction amount is automatically calculated based on the amounts of entered split categories.
- Added "Pay With Custom Options" action for scheduled transactions. It allows you to pay a scheduled transaction with custom amount, date and optionally without updating the scheduled transaction itself. This is useful when a partial scheduled payment occurred and you don't want to change next payment date of a scheduled transaction yet.
- Currently selected account is suggested as default when importing transactions.
- CSV column selection is now automatically saved and used for the next import of a similar file when possible.
- Option in the "View" menu to display uncleared account balance in the sidebar.
- Account sidebar's width can be adjusted.
- Improved reliability of automatically processed scheduled transactions.
- Fixed bug when refunds were incorrectly calculated for "How much do I earn compared to my expenses?" report.
- Fixed bug when sometimes scheduled transfers could be incorrectly processed if multiple devices were synced.
