Tell me about adding rental property accounts
Accounts and categories in Quicken are equivalent to the traditional chart of accounts used for tracking income, expenses, assets, and liabilities. This feature requires Quicken Business & Personal. This feature is not available in Canada, Learn how you can upgrade Quicken in minutes.
Which rental property accounts should I add?
Quicken account | Real-world account |
|---|---|
Checking, credit card, savings, cash |
Rental property checking, credit, savings, or cashAdd a Quicken account for each real-world checking, credit, savings, or cash account. When |
you enter transactions, |
to get the most from reporting, tracking, and analysis tools. | |
House | |
The value of your propertyWhen you add a property in Quicken, Quicken creates a house account having the same name as the property name and links the house account with the property. But if you already have a house account in Quicken, you can link that house account with a rental property. When you add a house account, enter the original purchase price and the purchase date. Use |
regularly to enter the adjustments for any capital improvements or market value changes. NotesIf you want to link a house account with a loan account, right-click the account name in the Account Bar, click Edit/Delete Account, and select the name of the loan account in the Mortgage Account list. Quicken can also help you add a loan account to track any amount you owe, and then add a loan to track the payment schedule, principal, and interest. |
Loan |
LoansAdd a loan account to track any amount you owe, the payment schedule, principal, and interest. | |
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This feature requires Quicken Business & Personal. This feature is not available in Canada, Learn how you can upgrade Quicken in minutes.