Account groups

Kathy Phillips's Avatar

Kathy Phillips

12 Nov, 2015 04:13 PM

Looking over the literature and reviews for your software vs. iBank it states you do not have multiple account groups nor smart accounts based on rules.

Please explain

Kathy

  1. 1 Posted by Ben Spencer on 12 Nov, 2015 04:40 PM

    Ben Spencer's Avatar

    Hi Kathy

    I am not exactly sure what you mean by "multiple account groups". Moneydance lets you create a parent account and then set that account as the parent of other account essentially creating a group.

    I looked up what iBank "smart accounts" are and I can confirm that Moneydance does not have such a feature. https://www.iggsoftware.com/support/articles/ibank-5/whats-a-smart-... Could you explain what you would use a smart account for?

    Ben Spencer
    Infinite Kind Support

  2. 2 Posted by kathy phillips on 12 Nov, 2015 04:46 PM

    kathy phillips's Avatar

    Thx Ben, I am not sure myself but will see if I even need those type of accounts.

  3. 3 Posted by David Hanley on 12 Nov, 2015 04:50 PM

    David Hanley's Avatar

    Hi Kathy,

    If you haven't already, I encourage you to download our free trial version and experiment with the program before you decide if you would like to purchase it. The demo version is fully functional and allows you to manually enter 100 transactions. Imported transactions are not limited, so you'll be able to fully test connections with your bank. If you decide to purchase the program at a later date you can keep all your data, the license key simply unlocks the ability to manually enter more transactions. You can download the trial version of Moneydance from here:

    http://infinitekind.com/downloads

    For more information on how to get the most out of your trial period, check out our blog post on the subject.

    Please let me know if I can be of further assistance, and thank you for your interest in Moneydance!

    David Hanley
    Infinite Kind Support

  4. David Hanley closed this discussion on 12 Nov, 2015 04:50 PM.

  5. kathy phillips re-opened this discussion on 12 Nov, 2015 06:43 PM

  6. 4 Posted by kathy phillips on 12 Nov, 2015 06:43 PM

    kathy phillips's Avatar

    Hi Ben,

    The parent child accounts you mentioned are the start of a hierarchy that we use to create our financial reports. How many levels of the hierarchy does the program support? In your terms, does the program support great grandparent/grandparent/parent/child, etc?

    Thank you for your assistance.

    Kathy

  7. Support Staff 5 Posted by Tom Freeman on 19 Nov, 2015 09:50 PM

    Tom Freeman's Avatar

    Yes you create child categories this deep. If you can give me an idea of the specifics of how you are using this I can better advise if our reporting structure will work.

    You can also download our user guide and peruse the FAQ's from here: http://help.infinitekind.com/kb

    Tom Freeman
    Infinite Kind Support

  8. System closed this discussion on 19 Mar, 2016 05:02 AM.

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