SplashMoney in Review – Money Well Spent?

splashmoney3After having tried Budget, iExpenseit and PocketMoney I figured that I needed a program that could show me where my money was going, keep track of accounts, allow for income entries, and properly support the yen.

Other programs either didn’t support the yen at all, or they simply replaced the dollar sign with a yen sign. Either way, monetary values still read dollars with denominations for cents.

After a bit of vacillation, I decided to take the plunge and spend ¥1200 for SplashMoney. At first, I was impresssed with what I saw.

splashmoney4For starters, Splash Money displays the yen well, however, entry of new amounts still displays decimal values followed by two numbers. Adding to that annoyance, tapping zero two extra times to get the figure past the decimal on each entry can grow tiresome, especially on the small keyboard.

I should mention that SplashMoney is a great fit for currency that utilizes two numbers after a decimal. The graphs are great, and it is a pleasant surprise to find not just an expense pie graph, but also an income source pie graph. The income source pie graph is especially nice since I get my money from a lot of different and fluctuating sources.

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The icons made it easy to see what kind of transactions I had made at a glance. Some parts of the program, though, aren’t intuitive, and I had to visit SplashData site to figure out some functions, such as transfers. I wondered why they didn’t include a guide in the app itself?

SplashMoney syncs to SplashMoney desktop, which I have neither bought nor used, and also to a lot of American banks – another feature I never used as I live in Japan. But from what I read on the SplashData forums, neither of these syncs reliably, and there are a lot of complaints that the amounts synced often differ by as much as a few cents ,which can add up over time.

SplashData has put out a few updates in an effort to fix sync reliability, but with limited success. I have moved onto a different program mostly because of the time it takes to enter transactions. In fact, I sometimes found that because it would take too long, I don’t bother entering the data at all.

splashmoney6TapExpense allows for fast entry, and with it’s group functions, it can keep track of account balances. The built in keyboard makes it easy to enter on the fly, and the field filters allowed me to get rid of fields that I never use (such as currency). It only has expense graphs, but fast entry makes the loss of income graphs acceptable in my books.

Other programs now offer support of the yen, fast entry of new transactions, large built-in keyboards, and other features to make it easy on-the-fly use even easier. I’d guess that SplashData is too busy trying to sort out their tenacious sync problems to even think about adding those kind of user-friendly features.

In summary, SplashMoney is one of the most full featured money managers out there, and it has some great features. However, until SplashData gets sync sorted out or allows export to other finance programs, and till they make entry quick and easy, I’m sticking with something less full-featured but faster and easier to use.

For the time being, I’d have to say, Slap it!
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App Summary
Title:SplashMoney (v4.6.1)Developer:SplashData
Price:$8.99 (sale)App Size:1.3 mb
  • Great graphs
  • Decent support of other currencies
  • Multiple account support
  • Icons
  • Budget features
  • Supports splits and transfers
  • SplashMoney desktop purchase necessary to back up data
  • Sync to both banks and desktop unreliable and often inaccurate
  • Loading time can take a while, and transaction entries require a lot of taps on a small keyboard

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