Banktivity is a comprehensive personal finance management software designed to help users track, manage, and analyze their financial activities with precision and ease. Here’s an overview of what the product does and its key features:
What Banktivity Does
Banktivity allows users to centralize and manage all their financial accounts, including checking, savings, credit cards, loans, investments, and more, in one intuitive interface. It enables users to track transactions, categorize spending, set budgets, and make informed financial decisions.Key Features and Functionality
Account Management
Banktivity supports the integration of various financial accounts, allowing users to import transactions directly from over 14,000 financial institutions worldwide. Users can manually enter transactions or use built-in bank connectivity options to keep their accounts up to date.Transaction Tracking
The software records deposits and withdrawals, with each transaction marked as positive (deposits) or negative (withdrawals). This ensures accurate tracking of account balances to the penny. Users can also assign categories, sub-categories, and tags to transactions for detailed tracking and reporting.Budgeting
Banktivity offers robust budgeting tools, including envelope budgeting (or zero-based budgeting), which helps users prioritize spending and ensure they are not overspending. The budgeting system automatically incorporates bills and spending targets, allowing users to tweak their budgets to ensure they are taking in more than they spend.Reporting and Analysis
The software provides over 15 different types of financial reports, such as Income & Spending, Net Worth, Payee, Forecast, Category, and Transaction reports. These reports offer greater insight and clarity into financial habits and help users make informed decisions.Investment Management
Banktivity includes powerful tools for managing investments, including tracking buys, sells, splits, dividends, and options. It also calculates Internal Rate of Return (IRR) and Return on Investment (ROI). Users can view the performance of their entire portfolio and drill down for detailed analysis of individual holdings.Cryptocurrency and Multi-Currency Support
The software supports tracking cryptocurrency rates, trades, and calculating gains, ROI, and IRR for over 30 popular cryptocurrencies. It also automatically downloads exchange rates for over 30 common currencies, allowing users to manage their finances accurately across multiple currencies.Sync and Accessibility
Banktivity features Cloud Sync, which securely shares data across all devices, ensuring that accounts, transactions, budgets, and more are available on any device. This includes full-featured finance management apps for iPhone and iPad.Additional Features
- Document Archiving: Allows users to spin off old data into a separate document, keeping the working file smaller and faster while retaining historical data for reference.
- UI Customization: Includes features like UI Zoom and a single-line register option to enhance user experience.
- Navigation: Introduces forward and back navigation, making it easier to explore and navigate financial data.
- Real Estate Management: Enables users to track the value of their property and associate it with corresponding mortgages.