Home → General Questions →

YEARLY ACCOUNTS

• Edit

Jonathan Peasley

Jul 18, 2020 @ 12:35 PM

Can I set up an account for each year which are effectively individual accounts

1. 1 Posted by derekkent23 on Jul 18, 2020 @ 12:51 PM

   

   I am not support staff, just a user.
   Hi Jonathan

   Assuming you are talking about creating a new accounts within the same data set rather than creating a new data set.you can simply transfer the balance to zero out the account into the new account then make the original account inactive and remove it from the side bar.

   But why would you want to?

   You would simply be making data harder to get to and setting yourself a challenge on what to call each new account so you don’t loose track of its origins.

   If you are talking about setting up new data sets each year, yes you can, but again its a lot of work for no advantage.

   Hope this helps.

   • Edit

2. 2 Posted by Kidglove57 on Jul 18, 2020 @ 01:17 PM

   

   Or possibly set up “year dated accounts” as child (virtual) accounts of the main bank account? Does seem a lot of work and clutter - but an possibly completely misunderstanding your intention!
   I appreciate you may instead be referring to:
   a) Yearly budgets
   or
   b) A new Moneydance document for each calendar year (opened through the file menu).

   • Edit

3. Support Staff 3 Posted by Ethan on Jul 18, 2020 @ 07:36 PM

   

   I'd also add that instead of creating different accounts for each year (if that's what the question was about), you can instead simply use the filters at the top of the register to remove older transactions from the active view. For example, you could use the This Year option to filter out older transactions, and you could always access those if needed by changing to another filter. The same can be said for any report, just change the date setting to This Year, Last Year, etc, depending on what data you want.

   Ethan
   Infinite Kind Support

   • Edit

4. System closed this discussion on Oct 17, 2020 @ 07:40 PM.