There are simple budget organization apps, and there are those which require a bit of an investment, with more features as a reward. LohasMoney is the latter.
Designed by InfoMind, this app is a complete system for recording payments, income, bills and pretty much any other financial data you might want to keep track of. While I confess that I stumbled around for a few minutes figuring it out, I did enjoy the graphics – LohasMoney is incredibly visual.
It’s not that it’s complicated to use, it’s just that there is so much information, so many options you can enter, that getting started can be (or at least was for me) a tad overwhelming. At the top of the home page, you can navigate by day, week, month or year. Or you can select “Tab” at the bottom for a different way of viewing the data. Entering a payment, either incoming or outgoing, is simple and can potentially be quite detailed. You can take or choose a picture, enter the total (multiple currencies are supported), create a category, add an account type and customize the icon, add a date, time, vendor, notes and choose whether or not the expense is personal or business.
Once you’ve entered the info, it’s displayed in an uber-organized way that those who live for buying color-coded protector sheets and binders at Office Depot will adore. The home page displays your current expense, income and budget data, along with a nifty bar that shows income over expenditure and expenditure over budget. In “Settings,” you can change the currency, the UI theme, set a passcode, perform email back-up or back-up over wi-fi or 3G…it almost seems endless, the things you can do with LohasMoney.
For the price, I think this app is a great deal. I’d recommend it for anyone looking for one app on which to record everything the earn and spend in great detail. While fully learning it takes some time, I believe LohasMoney is worth the investment.
LohasMoney [iTunes Link] requires iPhone OS 3.1.2 or later and is compatible with iPhone, iPad and iPod Touch. A small expedite fee was paid by the developer to speed up the publication of this review.