This application helps manage your debt, income and all your assets in a simple program.

Pros: iMoney helps people organize and manage their personal finances quickly and easily. It supports all the features required for home or even small-business accounting needs. This lets you manage multiple accounts such as checking, savings, credit cards, loans and debt accounts. One of the important features of the program is the way one could track spending/expenses. For effective analysis the more categories the expenses can be sliced into the better. The program has more than 60 predefined spending categories. Generate any report by categories, including pie charts. Now you can see at a glance how much you spent on food last month or anything else for that matter. Find all your withdrawals and deposits by any parameter.

For each financial transaction, you can designate a category for it. The software provides predefined categories that can meet the needs of most users, and you can also customize the categories. Tracking of investments is another important aspect of financial planning. This application lets you track 401k, stock options, employee stock purchase plans or any other investment activities. It’s possible to track all the financial activities in multiple currencies and take care of their conversion rates to get a consolidated picture in a single currency. With the latest assets, liabilities, expenses and income data one can get real time picture of one’s own financial situation at any time. In summary one is able to manage activities that include manage multiple accounts of different types, create and manage budgets, track performance of investments, do your financial math in multiple currencies, track your spending habits and see where the money goes, multiple account types, real-time understanding of financial conditions, clearer "Liability" and "Creditor`s Rights" management, track income and expense related to specific personnel, secure financial information.

All these features come with a very simple to use interface and useful graphical as well as tabular reports.

Cons: Interfaces with accounting package or import/export through some standard data formats would have been a value add.

Overall: This package is definitely worth a 4 star rating.