tag:infinitekind.tenderapp.com,2009-01-14:/discussions/general-questions/100813-transactions-for-a-standard-bank-accountInfinite Kind: Discussion 2020-10-26T21:00:23Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/484891722020-07-27T20:52:30Z2020-07-27T20:52:30ZTRANSACTIONS FOR A STANDARD BANK ACCOUNT<div><p>Hello,</p>
<p>You should be able to enter in manual transactions for any bank account. There is no difference between a savings or checking account in terms of how transactions are entered.</p>
<p>Every account must have a default category set up for transactions. If you do not manually choose a default category, the program will use the first one in your category list. You can read about setting up accounts at: <a href="https://infinitekind.tenderapp.com/kb/accounts-and-categories/create-edit-or-delete-accounts">https://infinitekind.tenderapp.com/kb/accounts-and-categories/creat...</a></p>
<p>There must be a default category for an account because each transaction must have a category associated with it. Since Moneydance is based on double-entry bookkeeping accounting principles, it is impossible to create transactions without categories, showing where the money came from or where it is going to. It's expected that you will of course enter in the correct category when entering in transactions, but the program needs something to fill in that space in the meantime, and uses the default category to do so.</p>
<p>Ethan<br>
Infinite Kind Support</p></div>Ethan