Linked bills and projected balances

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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Answers

  • Sherlock
    Sherlock SuperUser ✭✭✭✭✭
    edited March 2020
    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
    Muzicman61 Member ✭✭
    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
    Muzicman61 Member ✭✭
    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
    Sherlock SuperUser ✭✭✭✭✭
    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.
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