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DELETED CREDIT CARDS STILL SHOW ON SUMMARY PAGE

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JUDI

26 May, 2024 01:45 AM

So I was doing some setup with the credit cards in the application and had to delete one account several times (I was messing it up). That part is fine but the account shows up several times on the summary page and all are included in the total under Credit Cards on the summary page. How do I get rid of all of those?

1. 1 Posted by dtd on 26 May, 2024 02:06 AM

   

   You should never delete an account that has transactions, as that deletes all the transactions associated with it and will mess up any transactions between accounts.

   Always make an old account "inactive" versus deleting it, otherwise you risk the integrity of your entire database.

   Now, if you created one and never used it, that is a different story. That you can delete... go to tools/accounts select account/right click: delete account

   To remove an account from the summary page sidebar - rightclick and check remove from sidebar.

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2. 2 Posted by dwg on 26 May, 2024 03:09 AM

   

   Just to expand on what @dtd has said.

   In your real world financial life you accounts will usually have direct or indirect interactions with each other. For example you will often pay down your credit card with a transfer from another account, you will move funds between Transaction and savings accounts, investments will often be made with funds from savings or transactions accounts. Investment earning often go back to those same or other accounts.

   In some financial software programs all of those transactions are isolated so there are no links between them in the software, although there are in real life.

   With Moneydance they are linked, so for example if there is a transfer of funds between two account and you delete it from one account it gets deleted from the other, you cannot break the link.

   In Moneydance you delete an account it deletes all transactions in the account as expected but it also deletes those transactions from all destinations, this is usually referred to the other side of the transaction.

   Moneydance does this because the underlying transaction model it uses is the double entry accounting model, in which every transaction is a transfer and no transactions can be an orphan, there must always be two sides.

   The model that some programs use is the single entry model in which transactions are just lists in the account.

   Double entry can catch some errors so it helps with accuracy.

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3. System closed this discussion on 25 Aug, 2024 03:10 AM.