I have Quicken 2007 home and Business edition. Help with setting up HELOC

Question

I need some instruction on how to add a HELOC to my quicken program, I know I shouldn't add it as a credit card. I know it should be in the property and debt section, but i do not know how to set up the percentages and how to keep it working correctly with updates. please help and give complete instructions if you have done this before.

Answer 1

Set it up like any account with the amount your owe in the debit column.  Any time you pay down HELOC, say from your checking account, you'll post debit to your checking and credit to your HELOC.

Best wishes.