How to deal with the cash flow and the credit card.

[David Carlson]

What is the Future Scheduled Transactions Summary report supposed to do?
It looks like it might work, but it seems to be cluttered with a lot of
strange values with too many decimal places and/or fractions with large
denominators.

David C

On Sun, Sep 24, 2017 at 7:31 PM, R. Victor Klassen <rvklassen at gmail.com>
wrote:

> Folks,
>
> I think the original poster is looking at how to forecast cash flow.
> Given the credit cards have different due dates, and assuming they are paid
> on their due date, does the account from which they are paid have enough in
> it for the coming month?
>
> This is relatively easy once the billing date is past: just enter the
> transactions with future dates, and you can tell at a glance whether the
> account from which they are paid will go into the red.   This is relatively
> manual, and I can think of no report that would give me that projection at
> a random date before the billing dates have all (three) passed (and before
> any of their payment dates - which may not include any dates).
>
> The report, if it did exist, would have to project the balance of the
> paying account based on knowledge of the due dates, and the assumption that
> no further charges will be made to the credit cards until their billing
> dates.
>
> The closest I can come (and I use this method) is to enter phantom
> transactions into the main current account with names like “deposit
> placeholder” and “xxx credit card placeholder” at the appropriate dates in
> the future, and then correct them as I know the amounts, changing their
> names so I know they are no longer merely estimates.   This also works for
> mortgage and utility payments, - the mortgage payment I know the amount,
> but not the split, since the vaguaries of interest calculation mean my
> calculation never exactly matches the calculation used by the bank - and
> pretty much any foreseeable income or expense.
>
>
> > On Sep 24, 2017, at 7:51 PM, DaveC49 <davidcousens at bigpond.com> wrote:
> >
> > Hi,
> >
> > The Tutorial and Concepts Guide covers the setup for credit cards in
> detail
> > (https://www.gnucash.org/docs/v2.6/C/gnucash-guide/chapter_cc.html).
> You
> > need to create a Liability account as per these instructions for each
> credit
> > card.  There is no specific tool for handling credit cards as such. You
> > enter the transactions for purchases (as shown in the guide) when you
> make
> > purchases and the transactions for payments (also as shown in the guide)
> > when you make the payments for each credit card.
> >
> > If your bill is due on the same date each month, you could also use the
> > scheduled payments feature
> > See the Gnucash Help Manual  section 6.12 for details
> > (https://www.gnucash.org/viewdoc.phtml?doc=help)
> >
> >
> > David
> >
> >
> >
> > -----
> > David Cousens
> > --
> > Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-
> f1415819.html
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