Setting up Asset or Liability Accounts in Quicken for Mac


Assets are things you own that have monetary value, like your home or your car. Tracking their value in Quicken lets the program give you a full picture of your total net worth.

Liability accounts let you track the value of liabilities like car or home lians. When you track these in Quicken, their value gets rolled up into your net worth calculation, giving you a complete picture of your total net worth.

Which do you want to do? Choose one:

Set up an asset account

To set up an asset account

  1. Following the steps in help topic Setting up account, create an asset account.
  2. And a transaction to enter the initial value of the asset, and enter the amount it's worth in the Increase column.
    • Tell me more
      The outstanding value of the asset appears in the Balance field.

Set up a liability account

To set up a liability account

  1. Following the steps in the help topic Setting up account, create a liability account.
  2. Create a transaction to enter the initial value of the liability, and enter the amount of the liability in the Decrease column.
    • Tell me more
      The outstanding value of the liability appears in the Balance field.

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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.