A lending loan is a loan for which you are the lender and someone is paying you back on an amortized schedule. A lending loan is treated as an asset in Quicken that has a positive balance.
- Select
. - Select Other Assets & Liabilities, then Non-cash assets, any high value property.
- Follow the dialog steps, setting the Asset Value for the amount of the loan.
- In the final window of the Add Account dialog, when you are asked Is there a Loan on this asset?, select No.
- Select the account you just created on the account bar.
- On the right side of the screen, select
(the Account Actions icon), and then choose Convert to a Lending Loan.
In the Convert This Asset to a Lending Loan dialog, click Convert. You will now need to follow the process for setting up a loan. For more information about setting up a loan see How do I set up a loan?
Quicken creates an asset account with a payoff schedule. You will need to enter all of the loan information.
For more information, see:
Overview
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