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.

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