Moneydance supports a variety of account types.
You'll find a list of the account types below, with a brief description of each.
Aside from Investment accounts, all accounts an be specified as a “Child of” (sub-account of) another account of the same type.
|Bank||Represent accounts like checking and savings.|
|Credit Cards||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||Hold securities (stocks, bonds, mutual funds, etc.) as well as cash. Investment accounts support entry of standard bank transactions.|
|Asset||A “catchall” account. 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||Another “catchall” account. This could be used to track other liabilities you would like included in your net worth.|
|Loan||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.|