Need to set up a note payable

Nancy Noe's Avatar

Nancy Noe

21 Apr, 2021 11:34 PM

We sold a house and are carrying a note. Is there a way to set this up in moneydance? It operates like a reverse mortgage in that we receive principle and interest each month.

  1. 1 Posted by dwg on 22 Apr, 2021 04:16 AM

    dwg's Avatar

    I'm a fellow user.

    There is no specific functionality in Moneydance for this situation.

    I would envisage handling it through an asset account that contains the principal and interest and repayments handle by passing transactions through the account.

  2. System closed this discussion on 22 Jul, 2021 04:20 AM.

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