Hello, thank you for bringing your question to The
Community! There is a way to set up a tenant for an annual payment in
Quicken! Under the Rental Property tab, go to the Properties & Tenants drop
down menu at the top right. Chose Add Tenant. The window that appears will open
on the Rent Details tab. Fill out the tenant name and property. From here you
can navigate to the Terms and Agreement tab where you can select the Lease
Terms drop down and chose One Year.
Is this what you were looking for? If it doesn’t quit solve for
what you need, please let me know so that I can assist you further.
Hello, with further investigation I see, as you stated that
entering annual rent payments is not an option. Quicken is designed to be a
month to month system, hence, the lack of an option to enter the rent on an annual
basis. An idea that might work is to enter the tenet as you normally would
without the monthly rent set and then create an income reminder set to remind annually
when the payment is due, which would have to be entered manually and be tagged for the correct property.