Recurring Charges Report

pdpo42
pdpo42 Member ✭✭
I'd like a Recurring Charges report that identifies charges across my accounts that re-occur every period (monthly, weekly, semi-annually, yearly, etc)
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  • jacobs
    jacobs SuperUser, Mac Beta Beta
    Just to understand your request further, are you wanting Quicken to try to identify charges which have occurred at regular intervals and compile them into a report? Or do you want a report of your future scheduled transactions in Quicken? 

    The former seems possible, but probably unlikely, to me. It would require sifting through a lot of data and applying a lot of assumptions to come up with a meaningful report. for instance, you go the the dentist twice a year, but it's not precisely every six months; would it/should it pick up on that pattern and include it? Or: I have a subscription which is charged roughly every 8 weeks, but not on the same day each time; should Quicken pick up that recurring cycle? If I ate at a restaurant roughly six months apart, how would Quicken know to not include that in such a report? It just seems to me it would be difficult to define the rules for what's included or not. If it's only on strict schedules, people would complain and ask for options to add plus-or-minus a certain number of days, and the ability to include or exclude certain Payees, and it just seems it would be a pretty complex thing to build.

    If instead you are talking about a report of your scheduled transactions, would this be basically a printed version of what yo can see on the Bills & Income > Bills screen? Or are you asking for something which displays the frequency settings for each scheduled transaction?
    Quicken Mac Subscription • Quicken user since 1993
  • Faelin
    Faelin Member
    > @jacobs said:
    > would it/should it pick up on that pattern and include it? Or: I have a subscription which is charged roughly every 8 weeks, but not on the same day each time; should Quicken pick up that recurring cycle? If I ate at a restaurant roughly six months apart, how would Quicken know to not include that in such a report? It just seems to me it would be difficult to define the rules for what's included or not.

    What a ridiculously obtuse response. @pdpo42 seems to be asking for a report that automatically compiles transactions of the exact same value from the same payee, which would be *extremely* easy. At that point, it would be up to the user to manually flag incorrectly added payments, and perhaps fine-tune the period length (two weeks, four weeks, etc. +/- some wiggle room for when the charge actually hits). Monthly/Quarterly/Yearly filters are already built into Quicken, so there is already a framework for automating this task on the backend. What's more, it would be fairly trivial to automatically infer the period of the recurring charge based on the approximate time window between each matching charge.

    This is a totally reasonable feature to request, and it is astounding that Quicken doesn't already provide it!
  • pdpo42
    pdpo42 Member ✭✭
    This doesn't need to be complicated. Everyone that uses quicken ensures that the payee names are consistent, so you can easily ignore amounts.

    You should be able group payees for the period of the report and then calculate the difference between dates per entry, and see if the majority of differences fall into one of the following buckets: weekly (7 days), bi-weekly (14 days), monthly (30 days), bi-monthly (60 days), quarterly (90 days), semi-annually (180 days), or yearly (365 days).

    It doesn't need to be perfect, but it would make the data in quick much more useful.