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- Select an asset account in the sidebar.
- In Quicken, choose Transactions > New Transaction. Alternatively, you can click New in the toolbar, or use the keyboard shortcut Command–N.
- Enter information in as many fields in the transaction as you want to track.
- When the value of your asset increases -for example, if you add a remodel to your home- enter the difference between the initial and the updated value in the Increase column.
- When the value of your asset decreases -for example, due to depreciation- enter the amount of the decrease in the Decrease column.
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- Select a liability account in the sidebar.
- In Quicken, choose Transactions > New Transaction. Alternatively, you can click New in the toolbar, or use the keyboard shortcut Command–N.
- Enter information in as many fields in the transaction as you want to track.
- You'll notice that in your liability account, the amount in the Increase column is a negative number and appears in red. This is because the Increase column increases the value of the liability, and thus decreases your overall net worth.
- When the value of your liability decreases, enter the amount in the Decrease column. This might happen when you make a payment on your loan, Again, note that, the amount in the Decrease column appears as a positive number in black. This is because the value of the liability decreased and thus your overall net worth increased.
- When the value of your liability increases, enter the amount in the Increase column. Again, note that, the amount in the Increase column appears as a negative number in red, because you are having a negative impact on your net worth by increasing the value of the liability.