Can 1 Loan be Linked to 2 Asset Accounts?

Q 2008 H&B

When I link an Asset Acct. to the loan, the other previously linked Asset Acct. becomes un-linked.

Reply to
Rick Hess
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I don't think it is possible. I know you can't do it the other way - 2 loans against one asset (think mortgage and HELOC).

You could split the loan into two separate loans and when you make a payment split them as you like. That might work.

Reply to
John

(snip)

Hi John,

I know in Q2002 you COULD link 2 loans against one asset. That's a shame Intuit has apparently eliminated a very desirable feature.

I "upgraded" from 2002 to 2008. When I get to my office tomorrow I'll have to see if the cases where I have 2 loans on 1 asset were disassociated when I upgraded.

Reply to
Rick Hess

I tested in Q2000, Q2004, Q2008 and Q2009: all worked the same. You can't link 2 asset accounts to 1 liability account.

All allowed 2 liability accounts to be linked to 1 asset account.

Reply to
John Pollard

I tested in Q2000, Q2004, Q2008 and Q2009: all worked the same. You can't link 2 asset accounts to 1 liability account.

All allowed 2 liability accounts to be linked to 1 asset account.

Reply to
John Pollard

Yes you can. This has always worked; but you must assign the second liability account to the asset account from the Overview tab of the liability account.

Perhaps you are downloading to the HELOC, for which Quicken would require you to make the account a credit-card account. Credit card accounts can't be linked to any other account.

Reply to
John Pollard

Thanks for testing 4 releases!

Reply to
Rick Hess

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