Credit Card Accounts#
Credit Card Accounts are essentially identical to Bank Accounts, except they will be listed in a different group in your Accounts Panel listed under "Credit":
Some financial programs reverse the sign on all credit transactions. MyMoney does not. So the Credit Card balance will show up as a negative number in red.
This is to help remind our kids that red is bad, credit cards are dangerous. User beware :-)
You must remember this when Balancing a credit card account, the "New Balance" is usually negative, rather than positive.
See Investment Accounts | Context Menu.