Moneydance Help : Getting Started : Entering Transactions
You can enter transactions in any editable account. Currently, the only
editable account types are Bank and Investment accounts;
Expense and Income accounts are primarily used for reporting
purposes.
Once you have opened an editable account (by selecting an account from the
pop-up at the top of the main window), you can begin entering transactions
by clicking the New Transaction button on the account panel.
The transaction entry panel contains the following fields:
- Date: This field specifies the date of the transaction.
- Tax Date: This field specifies the effective date of the
transaction for tax (or other) purposes.
- Check #: This is a general identifier field usually used to record
check numbers. This can also be used as a general information field, for instance,
entering "Buy" or "Sell" in stock transactions.
- Status: This field indicates the status of the transaction. Uncleared
means the transaction hasn't been verified on a bank statement. Reconciling means
that the transaction is in the process of being reconciled; Cleared means
the transaction has been cleared at the bank and verified by a bank statement.
- Payee/Description: This field is for recording the payee of a transaction
or a description of the transaction.
- Debit: This field is for recording the amount that should be debited from
the account, if any.
- Credit: This field is for recording the amount that should be credited to
the account, if any.
- Account: This selection is used to specify the account from/to which this
transaction is linked.
- Rate: If the Account specified has a different currency type
than the current account, enter in this field the exchange rate that is used for the
transaction. Selecting a different Account will set the
exchange rate for this transaction according to the currency table.
- Memo: This field is used for general descriptions of transactions.
- Split: Transaction splits can be used to divide a transaction into
"sub-transactions." For example, suppose you deposit five hundred dollars into a
bank account. That deposit transaction may contain a three hundred dollar
check, and a two hundred dollar check. Using a
split you can indicate each sub-transaction that makes up the entire five
hundred dollar transaction. In the given example, there would be two
"sub-transactions" of the main transaction, one for three hundred dollars and
another for two hundred dollars. The total value of the transaction would
automatically be calculated and recorded as five hundred dollars.
In addition, there are four buttons along the right side of the transaction panel:
Record, Cancel, Delete, and Split. The Split
button displays a window where you may edit any split transactions.