[GNC] Credit Card bill autopay

[Adrien Monteleone]

Another option is to set up an SX with a variable which would represent the ending balance of the last statement.

GnuCash can’t read this amount automatically as Derek noted, but when the SX fires, it will prompt you for the value of the variable.

This approach is probably more useful if you are doing one or more splits all based on some proportion of the original variable, but you could also do it with a multiple of one (“1”).

So you might set a formula like:

last_balance*1

in each of the two split lines (if there are only two) one a debit to the card account and the other a credit to the checking/cash account as needed.

If you always wanted to pay more or less than the balance consistently, then just make the formula more complicated as needed.

This is also a good trick for allocating funds to savings sub-accounts each payday.



Regards,
Adrien

> On Feb 18, 2020 w8d49, at 3:15 PM, Stan Brown <the_stan_brown at fastmail.fm> wrote:
> 
> 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.