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Home Equity Line Of Credit - Account Type

pcook911

04 Jun, 2009 04:55 AM via web

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I am using the demo version of Moneydance as I am fed up with Quicken's overpriced bloatware and am considering a switch.

My question is, what type of account should I use to set up my home equity line of credit (HELOC)? I tried a couple different types, Liability and Credit Card I believe. Neither seemed to fit. I searched the support pages and user guide and didn't find an applicable answer. Then again if it has been answered maybe someone could provide a link to the answer.

TIA,

Paul

1. 2 Posted by Brian Adler on 05 Jun, 2009 01:26 AM

   

   Paul,

   HELOC accounts should be set up as credit accounts. Did you encounter a problem setting it up this way previously?

   Brian

   Moneydance Support

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2. 3 Posted by pcook911 on 05 Jun, 2009 04:53 AM

   

   Brian,

   I didn't have any problems setting up the account per se, I guess the credit card number field just threw me a little.

   Thank you for the quick response. So far I like the software and will probably make a license purchase in the next couple of weeks.

   Paul

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