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Quicken is a great system to collection awake and track loans. Whether you have some car, business or private allowance, the system allows you to create special accounts that is take all your individual information into consideration, giving you a good way to track payments, percentages, amounts due and possibilities problems.

Difficulty: Moderately Easy


Things You'll Need

Loans Quicken

1 Pick "Loans" from the "Normal" or "Home" menu, and then click "Fine" through some series of windows displaying general information on loan setup and information.

2 Create some new loan consideration via entering information on the quantity of the loan, the name about the borrower and lender plus the percentage to be paid on the loan. Unless you indicate something to the in contrast, Quicken will assume the loan starts in the current month. If you possess been producing payments before also you want to record the total amount, you will require to follow a few further steps to permit for background information.

3 Get into any further details, such seeing that balloon payments, amortized period, accumulated percentages or penalty fees whenever prompted--usually after you need saved all the basic information. If none of those items apply to you, simply select "No" plus progress on to the next screen.

4 Calculate your existing stability. You can also start the consideration by means of your current balance if you don't want to enter data for past payments plus you don't mind taking into account the loan new.

5 Delay for the "Allowance Summary' window to pop up, and assessment all the information shown here. Maintain clicking "Ok" to examine everything until you reach the last stage. You need to press "Completed" to make of course all the data has been saved and recorded into the program.

Tips & Warnings

You may need to adjust some of your facts if your percentages change. Adjustment may also be necessary if you make a specific payment that is larger than your standard amount. If you acquire penalties for late payments, generate of course you note that is too when you fixed awake your loan account. Make clear you review every step cautiously before moving on to the subsequent. If you notice a mistake, change it without delay, as it will affect all the steps and data coming awake after that. Don't close the program until you reach the final window, or you hazard losing most regarding the information entered.

Topic revision: r1 - 07 Oct 2011 - 02:27:27 - WasaWillis1
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