Page tree

You can add an account in Quicken to track almost any bank account, asset, or liability you have in the real world. The more accounts you add, the more closely Quicken reflects your real-world financial situation.

You can add the following types of accounts and features to Quicken. In most cases, you'll want to add all your accounts in the same Quicken data file, so that you can track your overall financial situation. You can add up to 512 accounts of each account type.

Banking

Investing & Retirement

Property & Assets

Loans & Debt

Business Accounting (Business & Personal)

Rental Property (Business & Personal)

Add rental property accounts to:

  • Track rent receivable

  • Track the net worth of the rental property

  • Track loan against the rental property

  • Track security deposit liability

  • Create a balance sheet

  • Create a profit and loss (P&L) statement

Quicken accountReal-world account

Checking, credit card, savings, cash

(Tell me how)

Rental property checking, credit, savings, or cash

Add a Quicken account for each real-world checking, credit, savings, or cash account.

When you enter transactions, use Quicken categories to get the most from reporting, tracking, and analysis tools.


House

(Tell me how)

The value of your property

When you add a property in Quicken, Quicken creates a house account having the same name as the property name and links the house account with the property. But if you already have a house account in Quicken, you can link that house account with a rental property. When you add a house account, enter the original purchase price and the purchase date. Use the Zestimate feature regularly to enter the adjustments for any capital improvements or market value changes.

Notes

If you want to link a house account with a loan account, right-click the account name in the Account Bar, click Edit/Delete Account, and select the name of the loan account in the Mortgage Account list. Quicken can also help you add a loan account to track any amount you owe, and then add a loan to track the payment schedule, principal, and interest.

Loan

(Tell me how)

Loans

Add a loan account to track any amount you owe, the payment schedule, principal, and interest.