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To get a complete picture of your net worth and to assist with long-term planning, be sure to add property and liability accounts.

Property accounts track the value of anything you own; debt accounts track the total amounts that you owe. In some cases, you have a matching property and debt. For example, if you take out a loan to buy a home, you'd track the home value in a property account and the mortgage in a debt. When you do this, Quicken can calculate the total impact on your net worth.

Which property and debt accounts should I add?

Quicken accountReal-world account


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The value of your home

Enter the purchase date, the purchase price, and the balance adjustments for any capital improvements or market value changes. You can use the Zestimate feature to get the current estimated current value of your home. When you sell the property, the selling price minus the purchase price represents the gain.


When you add a house account, Quicken also helps you add a loan to track the payment schedule, principal, and interest. When prompted, click Yes and follow the on-screen instructions.


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The value of a car, truck, or motor vehicle

If this is a business vehicle, you can add balance adjustments to calculate depreciation.


When you add a Vehicle account, Quicken can also help you add a loan to track the payment schedule, principal, and interest. Just click Yes when you're prompted.

Other Asset

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Things you own

Use this for valuable assets such as art, collectibles, or capital equipment. As a rule of thumb, decide whether you consider the item to be truly an investment or a saleable item. Do you consider its value and appreciation to be part of your overall net worth? If you use it in your business, do you intend to track its depreciation?


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Money you owe

Quicken uses a loan account, which tracks the payment schedule, principal, and interest. Except in the case of a House or Vehicle account, it's usually simpler to add the loan first, and then add the asset account when Quicken prompts you to do so.


To track a standard line of credit (not a home equity line of credit), use the credit card account type.

Home Equity Line of Credit (HELOC)

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Your line of credit

Quicken uses a special loan account. It can be linked to your House account to better reflect your net equity and helps you track a changing balance of withdrawals and payments.

Other Liability

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Other money you owe

Use this account type to track informal liabilities, for example, the money you have borrowed from friends or family that does not have an interest rate or term associated with it.