How to Track Property Reserves

[Matt Smolinski]

I just got my first tenants this week and now I'm trying to get my financial organization in place. I've recently purchased Quicken 2019 Home, Business, and Rental Property and so far it's been fairly easy to setup. I figured out how to track my renters deposit money by linking a liability account so that is pretty easy to do but my question is how do I track my reserves? 

I'm planning on put 15% of my gross rents into reserves every month. Five percent each for CapEx, repairs, and vacancy. So far I just have a single property and I've opened a dedicated checking account to receiving rents and pay expenses from. I will eventually open a savings account for holding the deposit, CapEx, and vacancy funds while leaving the repair reserves in the checking account. Am I going to need to record these items in a separate spreadsheet or is there a way for me to organize all of this in Quicken?

I know there are many different ways and software for tracking income and expenses and I've chosen Quicken as my starting place in this journey. The price is right and it seems easy enough to use so please lets keep the comments to how I solve this issue and not get into a deep discussion the pros and cons of Quicken. Thanks.