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How to Record a Loan Payment in Quicken 2013

You record loan payments in the account register in Quicken 2013. After you set up a liability account, you’re ready to hand over a pound of your flesh — that is, make a payment. Complete the following steps to record a payment:

  1. Display the loan’s register.

    Click the loan account in the Accounts bar and then the Payment Details tab.

  2. Display the View Loans dialog box.

    To do so, choose the Tools→Loan Details command. Quicken displays the View Loans dialog box.

  3. Click the Make Payment button.

    Quicken displays a message box that asks whether the payment you’re making is a regular payment (one the lender expects) or an extra payment (perhaps to amortize the loan more quickly).

    After you select the payment type, Quicken displays either the Make Regular Payment or the Make Extra Payment dialog box.

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  4. Describe the loan payment.

  5. Click OK.

    Quicken enters the loan payment in the liability register and bank account register. If you want to print and mail a paper check, you can click the Address button and then fill in the blanks in the dialog box that appears, but other than this optional step, hey, you’re done.

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