How do I track the value of my belongings?

Quicken helps you track your assets by letting you record the value of your home, vehicles, and other valuable property. These accounts help you see the full picture of your net worth, especially when combined with your banking, investment, and debt accounts.

Track the cost basis of your home

Use a Property account to record the value of your home or rental property.

1. Select + Offline Account from the Add Account screen.

2. Select Other Assets & Liabilities, then click Home, Rental Property.

3. Enter a name for the property account.

4. Choose how the account is used: Personal, Business, or Rental property transactions.

5. Click Next and follow the prompts to complete setup.

Use case:

• You want to record the value of your primary residence to track your net worth.

• You manage a rental home and want to associate it with a mortgage and income records.

Update the value of an asset

To reflect appreciation, depreciation, or a new appraisal, update the asset’s value:

1. Open the Property or Asset account.

2. Enter a new transaction reflecting the updated value.

3. Categorize the transaction to an equity or adjustment category, such as [Unrealized Gain].

Use case:

• You received a recent appraisal on your home and want to record the higher value.

• A collectible item has increased in value, and you want to update your records.

Track household possessions

Use Asset accounts to track valuable non-cash possessions like art, electronics, or jewelry.

1. From the Add Account screen, select + Offline Account.

2. Click the Other Assets & Liabilities tab.

3. Select Assets, then enter details about the item.

Use case:

• You're documenting household contents for insurance.

• You want to track and plan for high-value items you may sell or pass on.