Remember Autopay Day after I reconcile

MintUserNew

I have 5 credit cards that I reconcile every month. Each credit card is setup with the credit companies to deduct the full amount on their set day. Each time I reconcile each credit card, it offers to put an entry in the registry for the full payment. However, that date is always today. So I adjust it; Discover is always 6th of the month, Target Red card is always 17th of the month. Is there a way for Quicken to remember what the autopay date is?

UKR

You can still reconcile your account register in Quicken any time you get some time to do so. Just skip the step about paying your credit card bill after reconcile ... since that, with a Scheduled Reminder, is now a separate process.

When setting up the reminder, you can choose the optional setting to "Estimate amount for me" and select "Current Credit Card Balance" (or alternatively "Previous [xx] payments"). Either way, it'll ballpark the amount due based on transactions in your register. When you execute the reminder just overtype the amount with the actual amount due from your statement.

UKR

If you choose the option to pay your credit card immediately after Reconcile, then you're creating a one-time transaction and the answer is "No". Sorry.

I find it best to set up a Scheduled Reminder to pay may credit card bills on Due Date, regardless of and independent of whether I have reconciled the account statement or not. Actually, since I always pay the full amount due, I have authorized the credit card company to automatically debit my checking account on Due Date. So, when my card statement arrives, I execute that Scheduled Reminder, then sit back and relax. Haven't missed a payment in many years.

MintUserNew

> @UKR said:
>Actually, since I always pay the full amount due, I have authorized the credit card company to automatically debit my checking account on Due Date. So, when my card statement arrives, I execute that Scheduled Reminder, then sit back and relax. Haven't missed a payment in many years.

Me too! Haven't missed a payment ever (going on 26 years).

I would still like to reconcile those transactions in Quicken though.

Your idea of using a Scheduled Reminder could work. How do you handle that it is a different amount each month? Do you adjust the amount? Or is there a way for Quicken to know what the amount is?

UKR

You can still reconcile your account register in Quicken any time you get some time to do so. Just skip the step about paying your credit card bill after reconcile ... since that, with a Scheduled Reminder, is now a separate process.

When setting up the reminder, you can choose the optional setting to "Estimate amount for me" and select "Current Credit Card Balance" (or alternatively "Previous [xx] payments"). Either way, it'll ballpark the amount due based on transactions in your register. When you execute the reminder just overtype the amount with the actual amount due from your statement.