[moneydance] Capital sum Receipts

Satish Desai satish.desai43 at gmail.com
Sun May 3 03:35:31 EDT 2009


If I receive a capital sum, I debit my Bank account ( Increase bank balance
) and since this is not income, I want to credit Equity account ( Increase
Net Worth balance ). How do I deal with such transactions?

Same problem arises when dealing with a Liability account when the
transaction does not affect Income\Expense account.

Moneydance deals with Net Worth as a residual balance and does not allow
direct transaction entry to Equity\Net Worth account.

It would also be useful to have a General\Nominal ledger to carry out
Journal entries as an option, at least for advanced users.
This would enable flexibilty.

Satish


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