How do I create a lending loan in Quicken for Mac?

Oogie McGuire

Title says it all. The support article says when I add an asset I'll be asked about a loan but there was no loan question, no obvious account actions icon and no way to convert an asset to a lending loan.

smayer97

You are probably reading an article for the Windows version. QMac does not have the built-in feature to track lending loans. You have to create and manage this manually by creating an asset account register then manually calculate the principal and interest portions.

smayer97

You are probably reading an article for the Windows version. QMac does not have the built-in feature to track lending loans. You have to create and manage this manually by creating an asset account register then manually calculate the principal and interest portions.

Oogie McGuire

Thanks. I was really hoping that Quicken on the Mac had finally gotten parity with the Windows system. I'll go cancel my subscription now.

jacobs

@Oogie McGuire If you're interested, you can set up the loan account  and a recurring monthly transaction in Quicken, and create an amortization schedule on a website, all in about 5 minutes of set-up work, and then manually update the recurring transaction in about 30 seconds of work each month. Yes, it's manual (or semi-automatic, depending on semantics), but it's do-able with a limited amount of work. I won't take the time to post more details here if you're not interested; post back if you want help setting this up.

Oogie McGuire

There are more issues than the lending loan difference. Not worth the hassle to try to deal with them all so I'm not going to bother with trying to get Quicken in any form to handle my finances.