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Accounts and categories in Quicken are equivalent to the traditional chart of accounts used for tracking income, expenses, assets, and liabilities. This feature
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requires Quicken Business & Personal. This feature is not available
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in Canada, Learn how you
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can upgrade Quicken
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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 |
the Zestimate feature 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 requires Quicken Business & Personal. This feature is not available in in Canada, Learn how you can can upgrade Quicken in in minutes.