Track the value of a home, car, or other
asset
If you want a
more complete picture of your finances, use Money to track the
value of an asset, such as a house, car, boat, or real estate. If
you track assets in Money, you can use the
net worth
(The value of everything owned by you or your business,
minus any of the values of any liabilities.) reports to get
a picture of your overall financial position. Your assets are also
an important part of your Lifetime Plan.
- Click Banking.
- Under Common tasks, click Add a new
account.
- Click Other account type, and then click
Next.
- Click an account type, and then click Next. To
learn more about an account type, click it.
- Choose how closely you'll want to track this asset.
- To track only the asset's total value, click Just track
the total value.
- To track detailed changes in the asset's value, or if you want
to compare its value against a loan (An agreement
to borrow or lend money, usually with an interest charge on the
amount borrowed.) (such as a mortgage or car loan), click
Track transactions and other details.
- Follow the instructions on the screen.
Note
To update the value of an asset you've already entered, go to
the account list, click the account, and then, in the left pane,
click Update current value.