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

How do I account for the future sale of a business in the planner?

I expect to sell my business in the next 5 years and would like to know how to account for this in the planner. It will be a 50% lump sum payment with an annual payment for 10 years to pay the balance.

Best Answer

  • Scooterlam
    Scooterlam SuperUser ✭✭✭✭✭
    Accepted Answer
    In Lifetime Planner, you could use the "Other Income" feature, under the Planning Assumptions button.  See image.  You could create two entries, one for the lump sum and one to model the 10 year annual payments. 


Answers

  • Scooterlam
    Scooterlam SuperUser ✭✭✭✭✭
    Accepted Answer
    In Lifetime Planner, you could use the "Other Income" feature, under the Planning Assumptions button.  See image.  You could create two entries, one for the lump sum and one to model the 10 year annual payments. 


  • jwyyynd
    jwyyynd Member
    That works nicely. Thank you.
Sign In or Register to comment.