Add a Billing Cycle End Date for Reconcile and CC Payments (1 Merged Vote) [edited]

I LOVE the new feature to set up automatic payment transactions to use the Current Credit Card Balance BUT. It would be fantastic if you could add a cycle end date, so the billing statement balance became the amount the transactions used.
For instance, I use a credit card daily but my billing cycle ends on the 5th of each month and I pay the card in full, meaning the balance as of the 5th, NOT today.
For instance, I use a credit card daily but my billing cycle ends on the 5th of each month and I pay the card in full, meaning the balance as of the 5th, NOT today.
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Comments
Premier on Windows 10
closing date always is calculated to be on the same day, month+1
... because you can have statement closing days on any day of the month.
When day xx on month+1 falls beyond the end of the month, the real last day of the month is used.
That, however, shifts the date around and you get something like this:
1/31, 2/28, 3/28, 4/28 ... 12/28, 1/28 ...
I concur with Rich's suggestion. Closing Dates as well as dates for Interest and Bank Charges in the manual Reconcile dialog should allow you to select "Last day of month".
As a workaround select the Date field and press "h", the keyboard shortcut to advance the date to the last day of the month.
BUT then you get FIs/banks where the date varies by up to several days each month, AND the "rules" vary from FI/Bank to FI/Bank... I have well over 20 accounts and have had MANY more over the decades and the rules vary too much... So, this IDEA would work ONLY for the FI/bank that happens to use these particular rules... that's very narrow... so I see it only benefitting some users and not at all for others, or better yet, only for some accounts and not others.
Realizing such variability, it would be very complicated to implement to satisfy all users...and I am not sure of the advantage in the end. Understanding this, I do not find it that big a deal to use the keyboard shortcuts to get what is needed for each account...
+/- to change day from the initial 'estimated' end date
'm' or 'h' to go to beginning or end of month...
that seems to cover the bases, IMHO
sometimes good enough is, well, good enough ;-)
It will be interesting to see how much interest there is in this IDEA request.
If you find this reply helpful, please be sure to click "Like", so others will know, thanks.
(Canadian
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