If your opening balance is not correct when you set up a Quicken account, your account balance will not be correct until you adjust the balance. Quicken is accounting software that tracks various accounts providing you with the ability to make informed decisions about your finances. Entering the balance correctly when you enter the account information will prevent your having to take the time to adjust the balance later and, potentially, save you from writing checks that you do not have the funds to cover.
You can set up an asset account for each escrow account for which the mortgage company collects money. You set up asset accounts like you set up a checking account. To do so, follow these steps: Display the Quicken home page or some other Quicken tab that shows the Accounts bar along the left edge of the window.