Ive been using this app with my kids for years. The main reason I got this app was to have their automatic allowance payments go into the bank of mom. My husband can also see how much money they had and the kids can track how they were spending their money. Now, they are teenagers and I use it to keep track of their cash flow. When they do extra chores and earn money, I deposit it in there and then pay them out cash, recording that entry as well. This eliminates any confusion about whether or not they got the money they were entitled to. And, I torture them by having set the task completion sound to the dramatic, "ta-da!" music. It makes me giggle every time.
Pipsquacky about iAllowance (Chores Allowances), v2.4.0