Line of Credit data doesn't fit into account type
This has to have been answered already but I couldn't find it. I've been using MD for about six months with no issues but when I went to create a line of credit I (right or wrong) created it under a "Loan" account type. When I went to import the .ofx data file from the bank, MD asked me associate the account number of the .ofx download with the relevant account type - but the "Loan" accounts were not listed - only "Bank", "Credit Card", and "Investments".
Under which account category should a line of credit be created? Or is that the problem - (prior to the first download the bank asked me to choose how to download the file and I selected as "line of credit" because...it's a line of credit)?
Thanks! MMM
Comments are currently closed for this discussion. You can start a new one.
Keyboard shortcuts
Generic
| ? | Show this help |
|---|---|
| ESC | Blurs the current field |
Comment Form
| r | Focus the comment reply box |
|---|---|
| ^ + ↩ | Submit the comment |
You can use Command ⌘ instead of Control ^ on Mac
1 Posted by Ben Spencer on 14 Aug, 2015 01:12 PM
Typically banks produce OFX files for line of credit accounts in exactly the same way they treat credit cards. You should create the account as a credit card.
Ben Spencer
Infinite Kind Support
2 Posted by m_riou on 14 Aug, 2015 02:20 PM
OK excellent. Thank you.
m_riou closed this discussion on 14 Aug, 2015 02:21 PM.