How to handle cash accounts

Srki's Avatar


07 Dec, 2016 05:21 PM

Dear all,

I am evaluating few personal financig softwares, and I come accross Moneydance.

How come that you do not have plain simple cash account type? E.g. When I pull some money from the bank, for random expenses, or get some money for some work, how did you intended to track these.

Best regards


  1. Support Staff 1 Posted by Jenny on 07 Dec, 2016 05:55 PM

    Jenny's Avatar

    Hi Srki,

    You can create a new account by navigating to Account --> New Account. You'll want to set this up as an 'Asset' account if you're tracking actual cash. When you create this new account, you can choose the currency and other settings.

    If you haven't already, I encourage you to download our free trial version and experiment with the program. The demo version is fully functional and allows you to manually enter 100 transactions. Imported transactions are not limited, so you'll be able to fully test importing your data from your banks or other personal finance software.
    If you decide to purchase the program at a later date you can keep all your data, the license key simply unlocks the ability to manually enter more transactions. You can download the trial version of Moneydance from here.

    Infinite Kind Support

  2. 2 Posted by dwg on 07 Dec, 2016 08:14 PM

    dwg's Avatar

    FWIW I set this up as a Bank account, so i can potentially see all cash type assets in one category, I just see my wallet as being a type of "Bank".

    Moneydance is flexible enough so you can set up things in a number of different ways, choosing the way that suits you best.

  3. System closed this discussion on 08 Mar, 2017 08:20 PM.

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