Types of Accounts

Moneydance supports a variety of account types.

All accounts, aside from Investment Accounts, can be specified as a “Child of” (sub-account of) another account of the same type.

Types of Accounts -

Bank Accounts represent accounts like checking and savings.

Credit Card Accounts keep track of your current balance on a single credit card. The balance of your credit card account represents your current debt on that card.

Investment Accounts hold securities (stocks, bonds, mutual funds, etc.) as well as cash. Investment accounts support entry of standard bank transactions.

Asset Accounts are a “catchall” account. They can be used to track the value of a home, to keep a household inventory for insurance purposes, or track any other items you would like included in your net worth.

Liability Accounts are another “catchall”. This could be used to track other liabilities you would like included in your net worth.

Loan Accounts track a loan with regularly scheduled payments, a known interest rate, and a fixed starting debt. When you open a loan account in Moneydance you can choose to add the principal of your new loan to the balance of another account.

Recent Discussions

19 Oct, 2017 01:30 AM
19 Oct, 2017 01:23 AM
18 Oct, 2017 11:56 PM
18 Oct, 2017 11:40 PM
18 Oct, 2017 10:23 PM