Set up a loan for which you are the lender

Product Version
Windows
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Overview

A lending loan is a loan for which you are the lender and someone is paying you back on an amortized schedule. A lending loan is treated as an asset in Quicken that has a positive balance.

Instructions

  1. Go to Tools > Add Account.
  2. Select Other Asset.
  3. Name the account and click Next
  4. Enter the asset value (the value of the asset is the amount you are lending) and click Next.
  5. In the final window of account setup, under Is there a loan on this asset?, select No.
  6. Open the account you just created, click the Account Actions gear icon. 

Set up a loan for which you are the lender

  1. Select Convert to a Lending Loan.

Set up a loan for which you are the lender

  1. In the Convert This Asset to a Lending Loan dialog, click Convert.

Quicken will create an asset account with a payoff schedule. The account is identical to a regular loan account in Quicken. The only difference being the sign of the lending loan and its payments are opposite that of a regular loan.

 

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