Quicken has additional account types you can use to track your other assets: asset accounts and investment accounts. The balances in your bank and cash accounts represent only part of your total assets. If you set up accounts for all your assets and liabilities, Quicken can include them in net worth reports and graphs to give you an accurate view of your total financial status. For a small business, you can use asset and liability accounts to track capital equipment, accounts receivable, and accounts payable.With Quicken liability accounts, you can track all your liabilities and loans that impact your net worth.With Quicken asset accounts, you can track the value of your home, car, or any other personal possessions that you want to consider in your net worth.Assets are what you own, liabilities are what you owe, and the amount difference between them is your net worth.
