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.