Home Equity Line Of Credit - Account Type
I am using the demo version of Moneydance as I am fed up with Quicken's overpriced bloatware and am considering a switch.
My question is, what type of account should I use to set up my home equity line of credit (HELOC)? I tried a couple different types, Liability and Credit Card I believe. Neither seemed to fit. I searched the support pages and user guide and didn't find an applicable answer. Then again if it has been answered maybe someone could provide a link to the answer.
TIA,
Paul
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1 Posted by Brian Adler on Jun 05, 2009 @ 01:26 AM
Paul,
HELOC accounts should be set up as credit accounts. Did you encounter a problem setting it up this way previously?
Brian
Moneydance Support
2 Posted by pcook911 on Jun 05, 2009 @ 04:53 AM
Brian,
I didn't have any problems setting up the account per se, I guess the credit card number field just threw me a little.
Thank you for the quick response. So far I like the software and will probably make a license purchase in the next couple of weeks.
Paul