How do I set up a loan in Quicken 2007 for Mac?



 

When you set up a loan, you enter information about your loan and the lender (or the borrower, if you are the lender). Then Quicken creates both a special loan payment and a principal account for you based on this information.

  1. Choose Lists > Loans.
  2. Click New.
  3. Answer each of the questions as it applies to your loan.
  4. If you're setting up a loan for which you've already made payments, choose if you would like to set it up from the day the loan started or from the next scheduled payment.
  5. Enter the name of the lender (or the borrower, if you're the lender).
  6. Enter the remainder of the Loan Info section of the Set Up Loan window.
  7. Select the appropriate payment options.
  8. Click Create.

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Tip: To find out which version of Quicken you are using, open Quicken go to Help menu and select About Quicken.