Credit Cards

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jaimenacole

08 Sep, 2015 06:40 PM

I have several credit cards that I am in the process of paying off. I am using the reminder section to alert me when the payment is due and to deduct it from my bank ledger. Is there a way to show a remanding balance to be paid on a credit card?

  1. 1 Posted by Ben Spencer on 08 Sep, 2015 06:43 PM

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    I think the best way is to actually create accounts of type credit card within Moneydance. The credit card holds the balance of the card and when you make a payment to the card you enter it as a transfer from the bank account to the credit card account.

    Ben Spencer
    Infinite Kind Support

  2. 2 Posted by Jaime Jones on 08 Sep, 2015 06:45 PM

    Jaime Jones's Avatar

    Thank you. Will this alert me when payment is due or will I still need to
    add reminders?

  3. 3 Posted by Tom Freeman on 08 Sep, 2015 09:40 PM

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    The balance of your credit card should show on the sidebar. You will have to make a reminder to record the payment.

    My suggestion is to create a transaction reminder with a blank payment field.

    The reminder will show yellow on the calendar when it is due and you can click on the reminder to edit the monthly payment.

    Tom Freeman
    Infinite Kind Support

  4. System closed this discussion on 19 Mar, 2016 04:59 AM.

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