Understanding property accounts in Quicken

In Quicken, property accounts are used to track the value of physical assets you own, such as homes, vehicles, art, or collectibles. These accounts represent assets that contribute to your overall net worth but are not tied to cash or investment activity.

What is a property account?

A property account is a type of asset account in Quicken. It stores information about something you own that has financial value but doesn't typically produce transactions. You can update the value manually over time or link it to a loan if applicable.

Examples of property you might track:

• Real estate (primary or vacation homes)

• Vehicles (cars, motorcycles, RVs)

• High-value personal property (furniture, jewelry, electronics, collectibles)

• Inherited items or one-time acquisitions

Why use a property account?

Tracking property accounts helps you create a complete picture of your financial situation and net worth. These accounts are especially useful for:

• Estate planning or insurance records

• Loan tracking, where the asset is tied to a liability account (e.g., a house with a mortgage)

• Understanding depreciation on vehicles or appreciation on real estate

Property accounts do not support regular income or expense transactions but can be adjusted over time as the asset value changes.

How property accounts affect your net worth

Quicken includes the current value of all property accounts in your Net Worth report. If you're using Quicken’s financial planning tools, such as the Lifetime Planner, property values can help improve accuracy—especially when paired with related liabilities like loans.