This is because the Increase column increases the value of the liability, and thus decreases your overall net worth.
You'll notice that in your liability account, the amount in the Increase column is a negative number and appears in red.Select a liability account in the sidebar.Add this value in the Decrease column as the value of your home has decreased. Now, you need to add another adjustment transaction of $5000. Furthermore, in the future, the value of your home decreases to $30,000. Add this value in the Increase column as the value of the asset has increased. Now, you need to add a new adjustment transaction in your Quicken asset account and enter the difference amount, which is $10,000. After a period of one year, the value of the home increased to $35,000. In the Quicken asset account, you added your home with the value of $25,000. You have a home and the initial value of the home was $25,000. When the value of your asset decreases, enter the amount of the decrease in the Decrease column.Įxample: Consider the above situation.When the value of your asset increases enter the difference between the initial and the updated value in the Increase column.Enter information in as many fields in the transaction as you want to track.Alternatively, you can click New in the toolbar, or use the keyboard shortcut ⌘ N. In Quicken, choose Transactions > New Transaction.Select an asset account in the sidebar.For example, if you have an asset account for some real estate you own, you can enter a transaction to update the value of the account to reflect the current value of the property. You can make an adjustment to the balance in an asset or liability account to update the current value of the account.
#QUICKEN FOR MAC 2014 HOW TO#
If you've used a Quicken bank account, you already know how to use an asset or liability account.