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setting up new accounts

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Michael Goldsmith

30 Dec, 2015 07:16 PM

I previousl kep Church recors od Microsoft Money which is not supported by my new computer. I am now setting up Moneydance to repace this from 1st jan 2016

I have entered an account heading as cash account and also one marked Bank of Scotland which has both a current and deposit account. How do I enter an opening balance and how do I enter income and expenditure details as they occur

Thanks

1. 1 Posted by dwg on 30 Dec, 2015 07:21 PM

   

   I would suggest you start by looking at the Users Guide, I think that will answer many of your questions:

   http://help.infinitekind.com/kb/user-guides/moneydance-2015-user-guide

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2. 2 Posted by David Hanley on 30 Dec, 2015 07:24 PM

   

   Hi Michael,

   To change the Initial Balance of the account, open the account register and go to Account->Edit Account. You can enter mathematical equations in the Initial balance field in the account to calculate the amount it should be. For example if your current account balance is 1476.62, and the balance shown in Moneydance is 27.65, then enter 1476.62-27.65 (use the minus sign) in the Initial Balance field and hit enter. Moneydance will automatically calculate the proper Initial Balance.

   I'd recommend that you download and browse the Moneydance user guide to help walk you through the transition from MS Money, you can download a copy of our user guide here. 

   Hope this helps, and feel free to contact me with any questions about this process!

   David Hanley
   Infinite Kind Support

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3. System closed this discussion on 30 Mar, 2016 07:30 PM.