Community Homepage
Discussions
Categories
Quicken for Mac
Quicken Lifehub
Quicken Mobile
Quicken on the Web
Quicken for Windows
Support
Quicken Classic
Quicken Simplifi
Getting Started
Community Training FAQs
Using and Improving the Community
Connect and Engage
Announcements & Alerts
Announcements
Alerts, Online Banking & Known Product Issues
Product Ideas
Beta
Home
Quicken Classic for Windows
Budgeting and Planning Tools (Windows)
Scheduled transaction incorrectly affecting account balance
JohnW2
I have 6 monthly transactions that are scheduled on one of my credit card accounts.
Example
cable bill $100
Electric Bill $200
netflix $23.
etc lets say a total of $500
The balance in the credit card account when I scroll down adds up every month.
However the scheduled transaction to pay off the credit card from my checking account (that has an estimated amount of my current account balance) only shows an amount for the first month.
So today on December 2nd, the December 28 scheduled payment for the full balance shows the current balance $500 (The total of the schedule bills being paid by the credit card that have been recorded.)
But any scheduled transactions that have not been recorded do not get included in the scheduled payment from the checking account.
Not a huge issue in any given 30 period, because I have the scheduled bill payments auto record 14 days early. (a workaround)
But if I go to the Bill and Income reminders tab and show the account balance graph for the account that is paying off the credit card each month I'm now forecasting a $500 higher per month balance than it should be based on the credit card paying the scheduled bills.
So if I flip 12 months into the future my checking account balance forecasts $6000 higher than it should be.
Frustrating when you get to the end of the year and come up $6K short of you forcast.
(Took me several months to figure out where the error in you forcasting was occuring.)
Please fix this egregious error in your balance forecasting equations.
Find more posts tagged with
Comments
There are no comments yet
Quick Links
All Categories
Recent Posts
Activity
Unanswered
Best Of