How do I create an account where I am lending money

kjohann

I know I have done it before, but I cannot find how to make a loan to someone

Jim_Harman

Search Quicken Help for Lender loan. Please post back if you have further questions.

Frankx

Hi @kjohann

You need to setup a lender loan,  Here are the steps you should take:

1) Go to "tools" > "Add Account..." > click the "+ Other Assets and Liabilities" tab at the bottom:

2) Click on this description text "Assets - Non-cash assets, any high value property";

3) In the “Add Account” screen - For account name, insert "Lender Loan > click "Business transactions" > then click "Next";

4) On the next screen that asks “Is there a loan on this asset – click "No” – and then “Next”;

5) Click the “Finish” button.

6) The account register will display > Click on the “Gear” icon in the upper right > in the drop down menu – Select “Convert to a Lending Loan...” > in the pop-up window – Select “Convert”;

7)  Fill-in the other loan data on the following screen and when completed - click "Next";

8) Review the information on the following screen and make entries, if required > then click "Next";

9) Setup a "Loan reminder" if you want > then click "Next";

10) Review the summary info on the last screen and if OK > click "Done".  Then click "Finish".

Let me know if you have any followup questions and how this process went.

Frankx