[moneydance] Differences Between Quicken and Monedance

[Michael Casteel]

You can book the 'reverse loan' as an Asset (which is what it
is--hopefully not a 'toxic asset' like the banks have). You may be
looking for a special account type which could calculate your interest
receipts automatically, and I don't know of a way to do that in MD,
unless you can open an MD loan account with a negative principal, but
it probably wouldn't calculate interest properly anyway.

If you manually calculate interest and enter the payment with a split
between interest income and the loan's asset account, then an asset
account should work fine.

On Tue, Mar 10, 2009 at 6:47 AM, Carl & Judy <cdmead at verizon.net> wrote:
> I to am a convert to Moneydance, the last five months. I would not go back to Quicken. The downloads are easier to control although there is no "bulk accept". The only problem was in the "Loan" account, I am holding a mortgage for some property I sold and found no way to set up a "reverse loan" other than that I love Moneydance. If anybody has a way to handle the "reverse loan" I would love to hear from you.
> Carl
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-- 
Mike Casteel
Seattle, WA