[GNC] Credit Card bill autopay
Stan Brown
the_stan_brown at fastmail.fm
Tue Feb 18 16:15:16 EST 2020
Not disagreeing with Derek's options, but adding another one:
I have a scheduled transaction, once a month with no stopping date.
Everything is the same every month, except the amount. When I get my
credit-card statement, which IO dated the 15th of the month, I edit the
transaction to put in the amount that will be taken from my checking
account on the 12th of the following month.
I do a similar thing with recurring bills, like cable and cell phone.
But with those, often a given month's amount is the same as the previous
month, so I don't need to do any editing at all.
One possible caveat: I don't use the reconciliation feature, so I don't
know if this technique would cause problems for people who do reconcile.
--
Regards,
Stan Brown
Tompkins County, New York, USA
https://BrownMath.com
http://OakRoadSystems.com
On 2020-02-18 11:40, Derek Atkins wrote:
> Viney Kumar <drvineykumar at gmail.com> writes:
>
>> I have one credit card which has billing cycle of 12th of every month.
>> Payment is to be done on 1st of every month or 2nd if that is holiday.
>> Payment is automatically deducted on 1st or 2nd (if 1st is holiday)
>>
>> Can I schedule transaction of CC bill Payment every month. Like it picks up
>> last balance of 12th of every month and Automatically schedules it for
>> payment from savings account on next 1st of every month.
> [snip]
>
> Your best option is to enter a post-dated transaction. I.e., on the
> 12th you manually enter the payment for the 1st or 2nd. There is no way
> to do this in an "Automatic" way because the SX system does not have the
> ability to look at the account balance as of a particular date.
...
> Also note that when you Reconcile the CC, it will (unless you turn it
> off) pop up a transfer dialog to enter a payment transaction, and the
> amount of that transaction is the closing balance of the reconcile. So
> this is another way to do it.
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