Loan made, payments received

Stewart45
Stewart45 Quicken Windows Subscription Member ✭✭
in Business and Rental Property Tools (Windows)
I sold a property and am carrying the note as a loan receivable. How do I set this up in Quicken with an amortization schedule which decreases the asset value automatically as I receive payments? In the Property and Debt section in will only set up for loans payable.

I am using Quicken Deluxe with V R33.24 Build 27.1.33.24 for Windows 10
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  • Tom Young
    Tom Young Quicken Windows Subscription SuperUser ✭✭✭✭✭
    edited June 2021
    Set up the loan as in a regular Asset Account with the loan's opening balance and then convert the Account to a loan Account by clicking the gearwheel in the upper right hand corner of the register and selecting "Convert to a Lending Loan."




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