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Asset to Lending Loan - Interest Category

topnotcher

I have an asset I converted to a "lending loan". There is no "Interest" category as can be seen in this attached scrubed picture. I do read that in Loans there may be a place to change the interest category (which is loosly how this "lending loans" was made) but the exact location to change in Quicken has eluded me. Please take a look.

Steps to create problem.

Make a manual Asset account in quicken

Use the gear (settings) menu in the account to "Convert to a Lending Loan"

Try to modify the "Interest Category" either during the creation of the "Lending Loan" or post creation.

Thank you

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Tom Young

I was able to change the interest Category, post loan creation:

What version are you using?

Click the blue "edit" link next to "Interest Rate" to change the rate.

mshiggins

@Tom Young can you explain what is different between your two pictures? As best as I can tell, the interest category and the interest rate are the same in both pictures.

Tom Young

@mshiggins You're absolutely correct, I posted the same screen shot twice. I've edited my original reply to incorporate the correct screen shot that shows the change in the interest income Category. I left the actual interest rate the same as the OP seemed to be questioning where you go in Quicken to make interest rate changes to existing loans and simply answered that question.

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