App Review: iXpenseit Expense Tracker for iPhone

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(iXpenseit Forum Review by cjvitek. For more Forum Reviews, see the TiPb iPhone App Store Forum Review Index!)

iXpenseit [$4.99 - iTunes link] for iPhone and iPod touch is a budget tracking app that has recently appeared on the iPhone commercials. It allows a user to track monthly and daily spending, breaking items down into categories, as well as allowing the user to see overall spending.

You start the app by entering various budget amounts for different categories. The default allows for a $1,000 monthly budget for all spending. You can also break down the budget into different categories: $200 for food, $50 for entertainment, $100 for auto, etc. This allows you to track overall spending as well as spending within each of the categories. (Interestingly, they have a specific budget for iTunes!!)

Once you have the budget set, you then simply start by inputting an entry everytime you spend some money. Went to the movies? Put it $10 for entertainment. Paid a $50 water bill? Put it in for utilities. Simply tap the "new" button on the main screen to input a new expense. Chose the category (like auto), subcategory (like gasoline), the amount, date, how it was paid (cash, debit card, etc), and the vendor. You can even include a little note for yourself.

As you spend money, you can track it with the "report" option. You can get a report on overall spending, or within a specific category. You can see reports as a bar graph, pie chart, a written summary. You can even export the data if you like! On the main home screen there is a "battery meter" showing your overall budget - you can see how much you have left, how much you have been spending per day, and so forth.

You have the option of searching for an item as well. Can't remember how much you last cable bill was? Search for it, and you can see if your bill has somehow drastically increased (gotta stop watching those pay-per-view UFC matches!!). Or you can just browse through the calendar for the date the payment was made.

Various settings allow for different levels of detail in the budget, using a passcode, editing the various categories and sub-categories, and even importing data from a CSV file (via a wifi connection from your computer). You even have icons for the different types of expenses, so you can look easily and identify the kind of expense.

Conclusion

All in all, iXpenseit is a full featured budget tracking program. In some ways, it is almost too full featured. It you simply want to track spending, this app may be overkill. But if you want a detailed breakdown of where you money goes each month, I think this is the app for you. At $4.99, (make sure to list it in the iTunes category!) the price is reasonable for the number of features that is included. Because of the breadth of features that are offered, I give this app four and a half out of five stars, but make sure to spend the time to learn how to use it to the fullest!

Pros

  • Nice interface
  • Easy way to track spending and budget

Cons

  • None, except maybe too detailed.

TiPb Review Rating

TiPb Forums Review: 4.5 Star App

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App Review: iXpenseit Expense Tracker for iPhone

21 Comments
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I love this App and use it almost daily in my business. I track all my business cash purchases (including a picture of the receipt for tax purposes). Then using the simple output methods I send a monthly report to my bookkeeper from the app itself who combines it with my monthly credit and debit. This cut my paperwork cost down with the bookkeeper and saves me time and money.

RON JEREMY SAYS 4.99 is too much for this app. RON JEREMY might check this out if they come to their senses and lower the price to 99 cents.

This cursory review with NO discussion of faults or missing features is very disappointing. I am looking for a good expense tracking program and would not call IXpenseit sufficient. Can you sync with a desktop app? No. Can you download and recocile from your bank? Only as csv files - rediculous. Can you edit the same budget on two iPhones? No.
At least compare functions with other expense apps like Quicken Online, iBank, and Pocket Money. It seems strange to not compare functions and not even looks points in the con summary. Please try harder.
I really would like some good point by point reviews and comparisons of iPhone apps. The numbers of apps is so daunting that a good source of intellegent critique would be invaluable.

Last, btw, iPhones beat every other phone so don't come to this website to pay it out!!!

I use the free Lite version of this app for keeping track of business expenses and photographing receipts. Our bookkeeper has been so much happier since I started using it.

@Frannz
Thank you for your review. I found it more helpful than the original one. I would've liked to see comparisons to Mint or Wesabe.

Ohhh have been using this since it first came out, and am still a fan :) Some other competitor apps have more color and frills, but honestly, who needs those when all you need to do is know how much $$$ is going out of your wallet? Love the sleek design, even my husband is not embarrassed to use it lol.

I really like this app, and am trying the free version. What I do NOT like is the fact there is no easy way to enter income! To add a paycheck, their FAQ states you must enter it as a negative value expense. To me, this seems to not be the most elegant of solutions, especially given every other application before and after it has income features. The developer did mention there will be income categories and functionality added to iXpenseit in the future (when? they did not say).
So, for me, I will just stick to their free version until they finish adding income features to this otherwise very nice application.

Awesome App! There are complaints but if you have a business and want a basic to moderate program to keep track of things this should be looked at for sure.
Compare to others like Quicken and you'd find points for both. But if quicken is to much for some, has to many features and you get lost, then this App is for you.
And once you understand how it thinks (Appleish) then you'll really love it.
Well worth my cash. The export to PDF is great. The numerous chart options is amazing for the cost. And I just don't worry about the relationship between it and other tracking systems. I'm a mental midget so I just give my very well presented iexpenseit information to the tax guru and Bobs your Uncle I'm happy.

I like this app, but I have my favorite one ;) It's Track Money app. Idea is that you can tag your expenses. But the biggest plus is simplicity. It's very quick and simple to use.

Been trying Kimble Expenses which is aimed at consultants/ Contractors. It is excellent and is FREE and available on iPhone and Android.

My brother and I both using Where is My Money app for iPhone and android to track expenses. I wouldn't spend 5 dollars for tracking my expenses, there are a lot of free or cheaper alternatives