Accounts in Money mirror your real-life financial accounts and are the first thing you need to set up in Money to start using the application. They are not limited to banking; you can create separate accounts for your cash, investment, and even asset and loan accounts.
All of your accounts are shown in the Library. Four pieces of information are displayed about each account: its type (indicated by its icon), its name, and its balance, which also indicates the default currency for the account. Right-click on the account name or go to Accounts, and select Edit Account to view and edit information about the account.
To change the order of the accounts in the Library, drag their names with your cursor.
Basic types of accounts
There is also a seventh type of account called a Smart Account. It allows you to gather and automatically update information from all other accounts based on the criteria you specify.
You can set up as many accounts of each type as you wish, as long as you name them appropriately to avoid confusion. For example, if you have bank accounts with AnyBank and SomeBank, it would make sense to create two separate bank accounts in Money and name them using the bank names. In addition, if you have cash in several currencies, you can set up different cash accounts and name them "Cash USD", "Cash EUR","Cash GBP", etc.