Calculate credit remaining instead of using the Ending Balance [Edited]

user17881 · January 17

At the bottom of a credit card register, Quicken displays "Credit Remaining." But it is not current. It is apparently looking at the ending balance instead of the current or online balance.

I enter scheduled transactions up to a year in advance for all accounts, including credit card accounts. In order to forecast my cash flow, I also enter the future payments against the credit cards (payments from my checking account). So my credit card registers ALWAYS have a $0 ending balance. But at any given moment, the CURRENT or ONLINE balance shows money owed, and this is the number that should be subtracted from the credit limit (in account details) to display the CREDIT REMAINING.

UKR · January 18

I enter scheduled transactions up to a year in advance for all accounts, …

It's not necessary to do that.
You can use your Scheduled Reminders, for both your future recurring charge and payment events, but they should be set to the next payment due date, e.g., next month, not a year in advance.

The Bills & Income tab's Projected Balances view, properly customized for Multiple Accounts and the desired Time Range, up to 12 months from today's date, will give you an idea of how your accounts' balances will look like in the future.
Of course, unplanned events like an unexpected major car repair or ad-hoc purchases, cannot be part of the picture.

In your registers, you can also set the register view to show future reminders as if they were real register transactions already. That helps with planning. It also makes maintaining the register easier. When, for example, your Cable TV bill increases, you only have to edit the reminder, this and all future instances, to show the new amount … instead of having to change up to 12 future, but already recorded register transactions.

Not having the register pre-loaded with hundreds of future register transactions will make managing it easier, not to mention that the Credit Remaining calculation will be more accurate, based on today's ending balance and not a future amount.

user17881 · January 18

Thank you for your comments and suggestions.

However, you miss my point. Only by showing future transactions in my credit card accounts can I see how much I will have to pay from my checking account each month in the future. That allows me to determine when my checking account needs to be replenished from my investments.

Thank you anyway, for your suggestions.

Calculate credit remaining instead of using the Ending Balance [Edited]

Reviewed · Last Updated January 18

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