Line of Credit data doesn't fit into account type

m_riou's Avatar


14 Aug, 2015 12:37 PM

This has to have been answered already but I couldn't find it. I've been using MD for about six months with no issues but when I went to create a line of credit I (right or wrong) created it under a "Loan" account type. When I went to import the .ofx data file from the bank, MD asked me associate the account number of the .ofx download with the relevant account type - but the "Loan" accounts were not listed - only "Bank", "Credit Card", and "Investments".

Under which account category should a line of credit be created? Or is that the problem - (prior to the first download the bank asked me to choose how to download the file and I selected as "line of credit"'s a line of credit)?

Thanks! MMM

  1. Support Staff 1 Posted by Ben Spencer on 14 Aug, 2015 01:12 PM

    Ben Spencer's Avatar

    Typically banks produce OFX files for line of credit accounts in exactly the same way they treat credit cards. You should create the account as a credit card.

    Ben Spencer
    Infinite Kind Support

  2. 2 Posted by m_riou on 14 Aug, 2015 02:20 PM

    m_riou's Avatar

    OK excellent. Thank you.

  3. m_riou closed this discussion on 14 Aug, 2015 02:21 PM.

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