Microsoft released a promised feature. It is called “Money in Excel” and is available to Microsoft 365 subscribers (Personal and Family) in the USA. It's a new budgeting feature and shouldn't be confused with the old Microsoft Money app.
Money in Excel is an add-on for Excel.
The feature allows users to automatically link their bank accounts, credit cards, stocks and loan accounts to their Excel account so they can have all their transactions and other account information in an Excel spreadsheet. Users can track their expenses and view their total monthly expenses through the "Snapshot" sheet.
The connection between your financial accounts and Excel is managed by a procase third party Plaid, which currently supports connections to more than 10.000 banking institutions.
Money in Excel is available to existing M365 subscribers (Personal and Family packages) in the US from this link.
Microsoft recommends using the new feature in Excel on Mac or Windows 10 computers with programs browsing Edge or Chrome when possible for the best possible experience. Users need Windows 10 1903 or later or Mac OS X version 10.9 or higher to use the feature.
Microsoft says they will expand the support for Money in Excel globally at some point “in the future”. The app is not free and to use it you must have a Microsoft 365 subscription.
For more information about Money in Excel, you can read them Frequently Asked Questions (FAQ).
