This guide is written with MoneyWiz for Desktop in mind. Need one for Mobile? Click here!
SYNCbits allows you to sync your MoneyWiz and MileWiz-related data across other devices. It is a service that we (creators of MoneyWiz) have created. In early MoneyWiz days, the service was called SyncEverything! but in version 1.5 we have done a huge overhaul of the service, rebranding it to SYNCbits. The service even has its own website!
Do you read my data?
Your data is secured in heavily encrypted form on our servers. If we don't have your account password, we cannot access the information. This means that if you forget your SYNCbits password and security answers, we can only hope to help you retrieve the data from a local database file on one of your devices. If no such copy exists, there is no way to decrypt your account. We just technically can't access your data.
Why not use Dropbox, iCloud, Microsoft OneDrive or Google Drive instead?
We do use Dropbox but only for syncing your transaction attachments. As for the general sync, we did not want to tie ourselves with an external company. SYNCbits holds your sensitive financial information. You're willing to trust us with it so we want to build on this trust and keep your data secured at all times. If we were to use an external service for general sync, we'd be asking to not only put your trust in us but also in an external company.
Working on our custom syncing service also makes sense from a business standpoint. SYNCbits is crucial for MoneyWiz operations so we do not wish to outsource such an important part of our business to someone else.
What's also important is that some syncing platforms - like Apple's iCloud - are restricted to some platforms, while we want MoneyWiz to be as universally accessible as possible. Designing our own syncing service allows us to spread to new platforms easier.
Those three reasons were behind our decision to develop and maintain our custom-built syncing service. We are committed to keep it private and secure.
Do I have to use SYNCbits?
Having a SYNCbits account is only mandatory if you plan to use Online Banking feature.
Other than that, it is optional so if you prefer, you can keep your data on just one device. Please note that in such case, you should make regular backups of your database as your device is the only location of your MoneyWiz database.