Calculating Depreciation

JosFKirby
JosFKirby Quicken Windows Subscription Member ✭✭
in Business and Rental Property Tools (Windows)
Does Quicken Home, Business & Rental Property calculate depreciation? I switched from having an accountant do my taxes and can carry on the calculations myself, but it would be nice if Quicken managed the depreciation calculation and schedule.

Best Answer

  • GeoffG
    GeoffG Quicken Windows Subscription SuperUser ✭✭✭✭✭
    Answer ✓
    Short answer, no. You can accomplish in Quicken with just a bit of setup. If you know the amount of depreciation for a given period, you can setup a reminder to post the negative amount to the same account. This sets up the schedule and only requires periodic monitoring.
    3uVg3ypwQR.png

Answers

  • GeoffG
    GeoffG Quicken Windows Subscription SuperUser ✭✭✭✭✭
    Answer ✓
    Short answer, no. You can accomplish in Quicken with just a bit of setup. If you know the amount of depreciation for a given period, you can setup a reminder to post the negative amount to the same account. This sets up the schedule and only requires periodic monitoring.
    3uVg3ypwQR.png

  • JosFKirby
    JosFKirby Quicken Windows Subscription Member ✭✭
    Ok. I can do this. However, a depreciation schedule for a Rental Property program seems like a basic function that should be included. Disappointing.
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