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Linked bills and projected balances

muzicman61

So i know my monthly electric bill is around $200 a month. i have this bill added to Quicken and repeats monthly. It shows in my projected balances. But once i link the bill to an online biller, the monthly estimated bill is removed from the projected balances. Can anyone explain this behavior or am i doing something wrong when i link the biller? This behavior gives the false sense of security that i have more money than i really do... or will have.

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Sherlock

Muzicman61 said:

Well thanks for the quick response but it sounds like you are saying i need to have the online bill to get my balance when it comes due and a manual bill for projected balances. That just seems like terrible logic and programming. Am i missing something?

An online bill should post well in advance of the bills actual due date but, I agree, it would be nice to be able to project beyond the current bill. Quicken's stated position has been that linking the online bill to a reminder enables projected cash flows to be calculated accurately based on real bill due dates and amounts: https://www.quicken.com/support/setting-online-bill-center-and-frequently-asked-questions

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Sherlock

When we choose to link a biller and a reminder, the reminder obtains an estimate for the bill from the biller. If you want the reminder to use a different amount as an estimate, do not link the biller and the reminder. In other words, use a manual bill reminder. Note: You may still use an online bill to download and pay the bill from a biller.

muzicman61

Well thanks for the quick response but it sounds like you are saying i need to have the online bill to get my balance when it comes due and a manual bill for projected balances. That just seems like terrible logic and programming. Am i missing something?

Sherlock

Muzicman61 said:

Well thanks for the quick response but it sounds like you are saying i need to have the online bill to get my balance when it comes due and a manual bill for projected balances. That just seems like terrible logic and programming. Am i missing something?

muzicman61

Well i hope they are reading this because there stated position is just wrong. How can they provide a more accurate projected cash flow when they don't include the projected bill in their forecast? if i did that with every bill the projected balance 3 months out would make it look like i would have thousands more than i will actually have.

Sherlock

Muzicman61 said:

Well i hope they are reading this because there stated position is just wrong. How can they provide a more accurate projected cash flow when they don't include the projected bill in their forecast? if i did that with every bill the projected balance 3 months out would make it look like i would have thousands more than i will actually have.

Their stated position is not wrong and they did not say more accurate. Using the real bill due dates and amounts does produce a more correct near term projection. All we need to do is unlink the reminder from the online bill and we can set the estimate we would like used.