Outstanding loan balances in Starter Edition

Question

I downgraded from Quicken to Starter because my finances got simpler. I have loans showing an outstanding balance that are actually paid off. How can I remove the balances that are showing? Is deleting the account the only/best option?

greghanson15 · Answer

Thank you both for your info on Closing the Account under "Manage Hidden Accounts." I hadn't looked there and didn't realize this was an option. It worked nicely -- adjusted account balances to 0 and closed them. Perfect! The closed accounts are no longer accessible but still listed. I hid everything I no longer need to see.  Thanks again, Greg

Chris_QPW · Answer

It would be interesting to hear wha the result would be if you try to close it.  Since the Starter Edition doesn't support loan accounts, when you downgrade like that it is supposed to make them read-only.  How “read-only” they are is anyone's guess since I haven't heard of anyone reporting on this.

UKR · Answer

Sorry. AFAIK, Starter Edition does not support loan accounts.

If Quicken won't let you add a Balance Adjustment transaction to set the balance to 0.00 … have you tried marking the account as closed (Tools Menu / Manage Hidden Accounts)? That's supposed to do all the cleanup (deactivate account, set balance to 0.00, etc.) without deleting any of its transactions and causing other headaches, e.g., with transfer transactions.