Overview
Quicken Simplifi makes tracking your liabilities as easy as a summer breeze! When you connect your liability accounts in Quicken Simplifi, you will not see transactions downloaded into the connected liability account, but Quicken Simplifi will update the liability balance as changes are made to the balance on the bank's website.
To create a manual liability account:
Once you have created your manual liability account, you will be able to enter manually created transactions, such as payments, into your liability account.
From the Dashboard, click on the + Add button in the upper left.
Select Add Manual Account.
Select Account Type > Liability > Desired type of liability.
Select the Usage Type and enter an Account Name.
You can also enter an Opening Balance and an "as-of" Date.
Click Continue.
You can also create split payment transactions to reflect what portion of your payment went towards the principal balance and/or the interest of the liability, and you can add tags to mark your deductible transactions!
If you have any questions or concerns regarding liability tracking in Quicken Simplifi, please don't hesitate to contact our amazing Support Team by clicking on the messenger icon located on the bottom right of the page.