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Loan Tracking in Quicken Simplifi
Loan Tracking in Quicken Simplifi

Learn how to track your Loans in Quicken Simplifi

Paco avatar
Written by Paco
Updated over a week ago

Quicken Simplifi makes tracking your loans as easy as a summer breeze! When you connect your loan accounts in Quicken Simplifi, you will not see transactions downloaded into the connected loan account, but Quicken Simplifi will update the loan balance as changes are made to the balance on the bank's website.

If you cannot connect your online loan accounts or you just want to manually track your loan accounts, you certainly can!

To create a manual loan account:

  1. From the Dashboard, click on the +ADD button in the upper left.

  2. Select Add Manual Account.

  3. Enter an Account Name and select Account Type > Liability.

  4. Select the type of loan that you are tracking.

  5. You can also enter a Balance, an "as-of" Date.

Once you have created your manual loan account, you will be able enter manually created transactions, such as payments, into your loan account, split payment transaction to reflect what portion of your payment went towards the principal balance and/or the interest of the loan, and you can add tags to your transactions to mark your deductible transactions!

If you have any questions or concerns regarding loan tracking in Quicken Simplifi, please don't hesitate to contact our amazing Support Team!

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