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Michele

08 Feb, 2025 06:29 PM

I'm switching from Quicken to Moneydance and setting up my accounts. In Quicken, I have a couple of my kid's accounts that I keep track of - they're credit cards in the kid's names, but since they're in college, I'm paying them - and I don't want those accounts grouped with my accounts. When I add them to Moneydance, it has the Parent account listed as Personal Finances, and I'd like to change that to something else, like Dependent Finances, but I can't figure out how to add another base group.

1. 1 Posted by dtd on 08 Feb, 2025 07:20 PM

   

   Have you considered setting up another database- i.e. one is named "Your Personal Finances" and the other is named "My Dependents Finances" ?

   That would involve creating a category in the first that is "money I paid out" and an income category in the other one, but that should be a lot easier than what you are envisioning.

   If it is just a couple of accounts, just name an account - Z-Dependent Accounts, then have the accounts as child account underneath that. - It would be sorted to the bottom of your accounts.

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2. 2 Posted by dwg on 08 Feb, 2025 10:00 PM

   

   When you have the accounts all in one data file, it is difficult to keep them complete separate. You cannot isolate them in a group nor separate the spending without creating extra categories, or customising reports to ensure only certain accounts are included. It can be easy to lose track.

   If finances gets more involved, it can get messy quite quickly. We have seen it in the past when people later on want and need to separate the finances, e.g, we have seen treasures for organisations needing to pass the data to a new treasurer, or kids moving out and wanting to take their data with them, and the parent not wanting or needing it any more.

   Personally, I tend to go the let's keep it separate approach.

   My 2 cents worth.

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