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

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.

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

From what I've seen for as long as I have used Quicken ... a statement
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.

smayer97

I'm all for automation, reducing keystrokes, etc. etc...

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.

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.

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