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Request for "Monthly Bill Payment Tracking"

Quicken Community
Employee mod
This will allow users to track all regular monthly bills in a separate screen, as payments are made, it updates the status of the bills to paid and allows you to make sure you have enough resources available to pay them as they come due (move money etc). Allowing you to be "PROACTIVE" in monitoring your financial obligations in real time. Then once all payments post to the tracking sheet upon entry into the register, you know you haven't missed or over looked anything keeping you on top of everything instead of trying to remember everything in your head or depending on paper billing statements.
Payment information should come directly from the register/account upon entry based on matched payee criteria. This would be saved based on Month and Year in it's accessible history (with ability to pull up and review as needed) and opens a new Tracking Report/Sheet for the next month with all bills due you set up as default in the beginning (with edit ability of course). It might be nice to be able to set up bill tracking into titled sections case you have more than one home but accumulative (which I do) and also maybe the option to have more than one tracking sheet to separately track bills & payments completely say if you are supporting another household or taking care of someone else financial affairs.
You would first enter all your monthly bills by Payee name, dollar amount and due date .
Then as you pay them and enter each transaction into the register, it posts to your Bill Payment Tracking by entering the date paid, dollar amount, method of payment, along with which account it was paid from and stamped "Paid". Having a sort function to be able to sort by each section type would be needed so you can view the information how ever you need to just like a spreadsheet. For example; by "Not Paid" or by "Paid" with ability to sum.
Note: Don't confuse this request with "Scheduled" Bill Reminders. That function is a reminder of upcoming recurring "automatic" APP and Bill Pay(s) disbursements by the bank that need to be posted into the register so the funds are deducted and is also linked to the "online" functionality. May seem similar but really Two different animals.
This allows you to visualize at any given time during the month where you are at in paying your bills for the whole month. I do this on a separate spreadsheet but it just seems like I'm duplicating the same information already in Quicken, with the ability to set this up in Quicken and link it to the register, it's automated. I think this would be a very useful addition to the personal financial management aspect of this program. I am a MAC Quicken user so I am requesting this as an enhancement to at least the MAC version.
Payment information should come directly from the register/account upon entry based on matched payee criteria. This would be saved based on Month and Year in it's accessible history (with ability to pull up and review as needed) and opens a new Tracking Report/Sheet for the next month with all bills due you set up as default in the beginning (with edit ability of course). It might be nice to be able to set up bill tracking into titled sections case you have more than one home but accumulative (which I do) and also maybe the option to have more than one tracking sheet to separately track bills & payments completely say if you are supporting another household or taking care of someone else financial affairs.
You would first enter all your monthly bills by Payee name, dollar amount and due date .
Then as you pay them and enter each transaction into the register, it posts to your Bill Payment Tracking by entering the date paid, dollar amount, method of payment, along with which account it was paid from and stamped "Paid". Having a sort function to be able to sort by each section type would be needed so you can view the information how ever you need to just like a spreadsheet. For example; by "Not Paid" or by "Paid" with ability to sum.
Note: Don't confuse this request with "Scheduled" Bill Reminders. That function is a reminder of upcoming recurring "automatic" APP and Bill Pay(s) disbursements by the bank that need to be posted into the register so the funds are deducted and is also linked to the "online" functionality. May seem similar but really Two different animals.
This allows you to visualize at any given time during the month where you are at in paying your bills for the whole month. I do this on a separate spreadsheet but it just seems like I'm duplicating the same information already in Quicken, with the ability to set this up in Quicken and link it to the register, it's automated. I think this would be a very useful addition to the personal financial management aspect of this program. I am a MAC Quicken user so I am requesting this as an enhancement to at least the MAC version.
2
Comments
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Not sure I fully understand...Are you asking about having the amount that should be paid derived from the amount in the register? You description brings to mind what the Windows version has, which calculates the monthly payment due rather than having to enter it manually, then posts it when it is due. Is this what you mean, or something like it?Have Questions? Check out these FAQs (links now fixed):
- Where to find a Help Guide for Quicken for Mac?
- Quicken Mac FAQ list
- Quicken Windows FAQ list
- Help Guide and FAQs for Quicken Mobile
Object to Quicken's business model, using up 25% of your screen? Add your vote here:
Quicken should eliminate the LARGE Ad space when a subscription expires
(Canadianuser since '92, STILL using QM2007)
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@smayer97,
No you "set up" your Tracking Sheet "template" with the information of what "your" regular monthly bills are; Payee, due date, estimated or fixed payment amount. Maybe the ability to sort in due date order. Now open a New Sheet or be prompted to start a new sheet on the 1st of the month and then enter (label) month and year.
Now as you pay a bill and enter the payment into the register, the register automatically updates the tracking sheet with the date paid and actual amount entered into the register along with what account it came out of. At a glance, this allows you to see the status of what has been paid and what needs to be paid in real time.
I have found this extremely helpful to manage my obligations without the stress of trying to keep track of what I have or have not paid. This is not a Budget nor a Scheduled payment activity or even a shortcut for entering your transactions into the register. Actually, when a scheduled automatic payment that is also a monthly bill is marked paid in the register, it will update the Bill Payment Tracking sheet.
It also highlights if there is a significant increase or decrease in the actual "paid" amount verses what you listed as the antisipated amount due. You will also be able to see if the sum of the total amount due of "all" the bills is inline with the total sum of amount you paid out.
I don't have a voting thing hooked up to this, this is an idea sent to the team in hopes they can see the value in it for users and implement it in future enhancements.
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This IDEA has been added to the List of Requests for Reconciliation Process.
You may want to click on the underlined link to add your vote to more related ideas.
(If you find this reply helpful, please be sure to click "Like", so others will know, thanks.)Have Questions? Check out these FAQs (links now fixed):- Where to find a Help Guide for Quicken for Mac?
- Quicken Mac FAQ list
- Quicken Windows FAQ list
- Help Guide and FAQs for Quicken Mobile
Object to Quicken's business model, using up 25% of your screen? Add your vote here:
Quicken should eliminate the LARGE Ad space when a subscription expires
(Canadianuser since '92, STILL using QM2007)
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@smayer97 thanks for your support for this addition. I currently do double duty using a spreadsheet to keep track of my monthly obligations. Although, I would like to mention when I clicked on the link above per your instructions that page say "Unvote" and "Unfollolw" which is weird if people are suppose to vote for and want to follow the topic. Not sure anyone will vote given the change to "Un".
Note: This conversation was created from a reply on: List of Requests for Reconciliation Process.0 -
(If you find this reply helpful, please be sure to click "Like", so others will know, thanks.)
Note: This conversation was created from a reply on: List of Requests for Reconciliation Process.Have Questions? Check out these FAQs (links now fixed):- Where to find a Help Guide for Quicken for Mac?
- Quicken Mac FAQ list
- Quicken Windows FAQ list
- Help Guide and FAQs for Quicken Mobile
Object to Quicken's business model, using up 25% of your screen? Add your vote here:
Quicken should eliminate the LARGE Ad space when a subscription expires
(Canadianuser since '92, STILL using QM2007)
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Edgardo can you please correct the above "Unvote" and "Unfollow" to the right verbage as in "Vote" and "follow" so people understand this function.0
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What do you mean? If a person has not voted on or followed the thread, they will see the button displayed as VOTE and FOLLOW. UNVOTE and UNFOLLOW only show up if they have previously selected VOTE and/or FOLLOW. How do you see the verbiage needs to be adjusted?102_dar_70 said:Edgardo can you please correct the above "Unvote" and "Unfollow" to the right verbage as in "Vote" and "follow" so people understand this function.
Have Questions? Check out these FAQs (links now fixed):- Where to find a Help Guide for Quicken for Mac?
- Quicken Mac FAQ list
- Quicken Windows FAQ list
- Help Guide and FAQs for Quicken Mobile
Object to Quicken's business model, using up 25% of your screen? Add your vote here:
Quicken should eliminate the LARGE Ad space when a subscription expires
(Canadianuser since '92, STILL using QM2007)
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OK, never saw a voting type function change to an "un" based upon clicking it before.102_dar_70 said:Edgardo can you please correct the above "Unvote" and "Unfollow" to the right verbage as in "Vote" and "follow" so people understand this function.
Disregard then.0