If your property is damaged or stolen, your records can help to settle your insurance claim. Enter each item with its purchase date and price as a transaction in the asset account. You can do this by creating a transfer from the account you paid the amount.Ĭreate an asset account for your home inventory and use it to track furnishings, major appliances, electronics, jewelry, and other property you keep in your home. Use the purchase price of the home as the opening balance for the account, and then record each improvement in the register as you make it. Set up an asset account to track your home improvements over the years. Many types of home improvements add to the cost basis of your home. This is important to track the principal amount paid and will help you to know the balance amount that is still owed to you. When you receive a payment/installment and deposit it in your bank account as you normally would, ensure that you create a transfer to the asset account. Set up an asset account to track the money you've lent. Use asset accounts to track the following: Use investment accounts to track assets such as stocks, bonds, mutual funds, and other investments that fluctuate in value. Quicken has additional account types you can use to track your other assets: asset accounts and investment accounts. The balances in your bank and cash accounts represent only part of your total assets.

If you set up accounts for all your assets and liabilities, Quicken can include them in net worth reports and graphs to give you an accurate view of your total financial status. For a small business, you can use asset and liability accounts to track capital equipment, accounts receivable, and accounts payable.With Quicken liability accounts, you can track all your liabilities and loans that impact your net worth.With Quicken asset accounts, you can track the value of your home, car, or any other personal possessions that you want to consider in your net worth.Assets are what you own, liabilities are what you owe, and the amount difference between them is your net worth.

Quicken home inventory for mac