You can add an account in Quicken to track almost any bank account, asset, or liability you have in the real world. The more accounts you add, the more closely Quicken reflects your real-world financial situation.
You can add the following types of accounts and features to Quicken. In most cases, you'll want to add all your accounts in the same Quicken data file, so that you can track your overall financial situation. You can add up to 512 accounts of each account type.
Banking
Add checking, savings, credit card, and cash accounts to:
- Track income and expenses
- See where your money really goes
- Keep more accurate records
- Balance your checkbook easily
- Save time with your banking and bill-paying chores
- Download transactions from your financial institution
- Receive bills online
- Make online payments
Investing & Retirement
Add brokerage, IRA or Keogh, 401(k), 529, and other investment accounts to:
- Track all your investments in one place, across many different brokerages, institutions, and administrators
- Analyze your holdings
- Monitor your performance
- Maximize your after-tax yield
- Create and monitor a personalized asset allocation target
- Balance your portfolio
- Track employee stock options and stock purchase plans
- Download transactions from your brokerage or financial institution
Property & Assets
Add house, vehicle, asset, and loan accounts to:
- Have a complete picture of your net worth by tracking house, vehicles, and loans
Loans & Debt
Add loans and debt accounts to:
- Track loan balances and payment schedules
- Track loan interest
Business Accounting (Home & Business)
Add business accounts to:
- Track accounts receivable (customer invoices)
- Track accounts payables (bills from vendors)
- Create a balance sheet
- Create a profit and loss (P&L) statement
- Communicate more effectively with customers, partners, and lenders
Rental Property (Home & Business)
Add rental property accounts to:
Tax-related
Set up a paycheck and tax-related accounts to:
- Simplify tax planning
- Estimate your upcoming tax liability
- Save time with tax preparation
- Export Quicken data into TurboTax
- Minimize your tax bill
Can you change an existing account type?
You cannot change an account type (for example changing a Savings account to a Credit Card account). You can, however, change the Account Intent (such as from personal to business). Many options are only available for higher tiers of Quicken such as Quicken Home & Business.
To do this:
- Right-click on the account in the sidebar and select Edit/Delete Account.
- On the Account Details screen, select the Display Options tab.
- In the Account Intent section, select from:
- Spending
- Savings
- Investment
- Retirement
- Asset
- You can also select from:
- Personal
- Business
- Rental Property
- Once you have selected your Account Intent, click OK.