Liquid Ledger doesn't have many features, but it does what I need it to do: import my bank statements and let me tag them with income/expense accounts, so I know where my money goes. I've been using the trial for a few days now, my review:

Pros:

• Easy to use interface for importing CSV files, much nicer than what I've found in iBank version 2.3.1
• Defines several fields for keeping information about each transaction (name, memo, explanation, ...) that I've found helpful. I'm only missing a "personal notes" field (all the other fields I import from my bank statements, and prefer not to change)
• Double accounting model is very flexible

Cons:

• Gives some odd internal error when I try to import OFX files from my bank
• Looks&feels very unpolished, just some problems I've already encountered in a few days of use:
  • There are four types of accounts (assets, liabilities, income and expense accounts) and the accounts list has four categories for these. You can actually delete these categories, but then they are lost because you cannot create your own categories, nor does creating say a new "liabilities" account re-create the liabilities category if you deleted it.
  • In the accounts list you have to click the "balance" field to open the transactions list for that account, accidentally clicking the "currency" or "name" field allows you to change those fields. Now how many times do you want to do the latter? It would be better if clicking any part of an account would open the transactions list, and editing name and currency is done through an inspector.
  • I've had a few occassions where I had the transaction list for an account open, and in the mean time created some more accounts, where the autocomplete would then not allow me to type the name of an account to transfer to (for example, I had an expense account "Books" and one "Bank Charges", trying to type "Bank Charges" always came out as "Books"!!).
  • In the transaction list window, one can open an account drawer to quickly switch to the transaction list of another account. In the list, when an expense account is selected, there are columns "Deposit" and "Withdraw" which change to "Expense" and "Income" when an expense account is selected. Switching back to the asset account does not always change back the names of these columns, which means "deposits" suddenly look like "expenses"!
  • Exporting the transactions of one account to CSV does not export the "transfer track" field if a transaction has been tracked to multiple accounts.
• Considering how much it does and how well it is designed, it is ridiculously expensive

All in all, this application shows promise, but I'd rather wait for the next major version release or a serious lowering in price before purchasing it.