Interest-Only Loans in Q Mac

Jonathan Bowen
Jonathan Bowen Member
I have an interest-only loan through BlockFi... I tried to set up the loan through Quicken for Mac; it was a cumbersome process which was not user-friendly. I'm hoping that the Quicken development team will add the ability to add interest-only loans to Quicken for Mac...
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  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    An Interest only loan needs NO special setup.  It's simply a Liability account (or an Asset account, if you're the lender).
    Whenever you pay/receive the interest on such account, it's recorded in your checking account with an Interest category.
    I.E., this idea is ALREADY IMPLEMENTED.
    Q user since DOS version 5
    Now running Quicken Windows Subscription, Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP