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

Jon Whittaker

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.

Rich S

Add an OPTION to each account so that Quicken knows what the statement dates will be and fills in the next available statement date when you reconcile that account.  Most common are:  Last calendar date of the month (Fidelity), certain calendar day of the month (Chase Credit),  certain calendar day of the month adjusted to the next banking date,  certain calendar day of the month adjusted to the prior banking date (?).  

Sherlock

Rich S

For what its worth, the previous statement ending date appears to be used to project the next month's statement ending date in Quicken 2016 Premier R18.4.

Yes it works very similarly in Q2019 although I reconciled a 6/30/2018 statement and the next statement date was projected to be 7/30/2018 when EOM July is actually 7/31/2018.  Apparently Quicken just adds one to the month and then hopes for the best.  Same thing happened when I went from April to May. 

UKR

smayer97

Rich S

Thanks. Fidelity has millions of customers, trillions in assets. I feel confident there are a large number of Fidelity customers who also use Quicken and would appreciate this feature. 

Rocket J Squirrel

That sounds like a useful feature.

Note that this suggestion currently has zero votes. Even the suggester needs to vote it up to get to vote #1.

Quicken Anja

Hello All,

The Community Support team regularly reviews long-standing posts and Ideas for relevancy and current interest. This Idea seems to have stalled and we would like to gauge the current interest in this request. 

If you would like to see this idea implemented, please add your vote and a comment explaining how this idea would be beneficial for you. More information, including steps to vote and how to submit your own Ideas for future product features/improvements, is also available here.

Thank you,

Quicken Community Support Team

Jon Whittaker

I guess my current process of "Edit this instance" of my recurring payment transaction once I get the statement will have to suffice.  I probably should have explained this better but if Quicken picked up the closing balance transaction being the last one that is R - reconciled, it would save having to change it manually.  Not earth shattering but it would be very convenient  

Ray

According to these posts, Quicken discontinued automatically filling the Ending Statement Date around 5-years ago. Quicken could easily put the feature back. Next to the "Ending statement date" in the Reconcile pop-up, add a configuration like the "Due next on" used in Bill and Income Reminders. 

Jon Whittaker

Thanks for the input Ray. I'd make it even easier on the. Just look for the last “R” transaction and use the balance as of that.

I manually reconcile my transaction on a very frequent basis, so it wouldn't even require Quicken to add the Statement End date back in.

Since no one else seems to give a hoot about this. I guess it'll never see the light of day.