But accounts in Money are a little more than that. For example, you can create a house account for tracking the value of a house. And you can create a credit card account for tracking credit card charges. When you set up an account, you are asked to name the kind of account you want.
Money offers thirteen kinds of accounts.
Table 2-1 describes the different kinds of Money accounts and mentions where you can turn to read more about them. Asset accounts can be useful for finding out your net worth. Bank Recording transactions made to a bank account, but not a savings account, checking account, or line of credit. Cash Recording cash payments and tracking petty cash accounts. Checking Recording activity in a checking account.