Home Quicken for Windows Business and Rental Property Tools (Windows)
Quicken Community is moving to Single Sign On! Starting 1/22/21, you'll sign in to the community with your Quicken ID. For more information: http://bit.ly/CommunitySSO

Property Under Contract

Not sure how to record the following in Quicken
1- Purchased a property on a installment land contract. AKA with monthly payments not to be applied towards the principle with a balloon payment at the end of the term.

I know what the asset account is, but what type of liability account would that be? its basically almost like a monthly lease fee. I do have a liability to pay the purchase price at the end of the term, but the monthly payment is a lease fee and not attributed to the principle or interest which is not relevant in this transaction.
Thank you

Best Answer

Answers

This discussion has been closed.