Setting Up a Loan Account

James114
James114 Member ✭✭✭
in New to Quicken/Getting Started (Windows)

I want to set up an offline loan account.

But when I click the Offline Account and Cash there is no option for a loan account.

How should I set this up?

James

Best Answer

  • bmciance
    bmciance Quicken Windows Subscription SuperUser ✭✭✭✭✭
    Answer ✓

    A loan account is a liability, not cash (unless you are giving the loan to someone, then it is an asset).

    Also, I assume you do not have the Starter version of Quicken. You need Deluxe or higher to set up assets and liabilities.

    Quicken Windows user since 1993.

Answers

  • bmciance
    bmciance Quicken Windows Subscription SuperUser ✭✭✭✭✭
    Answer ✓

    A loan account is a liability, not cash (unless you are giving the loan to someone, then it is an asset).

    Also, I assume you do not have the Starter version of Quicken. You need Deluxe or higher to set up assets and liabilities.

    Quicken Windows user since 1993.

  • James114
    James114 Member ✭✭✭

    I have the Starter.
    Maybe I'll show it as a cash account.

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