Add a date to clear by on Billpay and paper checks

dickyginatl
dickyginatl Quicken Windows 2017 Member ✭✭

If I have a due date of the 1st, I'll probably put in the DATE TO CLEAR BY popup, a few days prior to the due date, for example the 27th or 28th. When I upload all transactions for the day, Quicken will check and if that transaction had not cleared by that CLEAR BY DATE, quicken would send me an email or warning that the payment had not cleared. I had a situation with a paper check that never posted during the Christmas season. The payment was due on the 1st. It was sent approximately 15 days earlier.

The Quicken user got a letter on the 4th with a major late charge stating that their rent payment was past due. They called the bank and the check never cleared. This would be a good idea also for Banks that provide bill pay services.

Thank You

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Comments

  • Rocket J Squirrel
    Rocket J Squirrel Quicken Windows Subscription SuperUser ✭✭✭✭✭

    I created an "Uncleared Banking Transactions" report which lives on my Quicken tool bar. I run it at least weekly and that works for me.

    Quicken user since version 2 for DOS, now using QWin Biz & Personal Subscription (US) on Win10 Pro.