Make a loan payment

When you set up a loan account, Quicken created either a memorized payee or a loan reminder to help you record payments. Regardless of the method, Quicken updates the loan balance each time a payment is recorded. If the loan is linked to an asset account, Quicken also tracks your equity in the asset.

Use a memorized payee

If you manage payments manually, enter the payment directly in the register:

1. Open the register for the payment account.

2. Begin typing the payee name. If a memorized payee exists, Quicken fills in the details automatically using QuickFill.

3. If there is no match, enter the payment as a new transaction.

4. Quicken will prompt you to memorize the payee for future use.

This method is best when you want full control over each payment entry.

Use a loan reminder

If your loan uses a reminder, Quicken notifies you when a payment is due:

1. Wait for the reminder to appear on the Bills & Income tab, or

2. To enter the payment manually, open the loan account from the Accounts bar.

3. Select the gear icon (Account Actions) at the top of the account.

4. Choose Enter Loan Payment.

The reminder fills in the details automatically. You can edit the transaction if needed before saving it to the register.