Re: [GNC] Credit Card bill autopay
the easiest way to do that is : 1 - Enter a transactions to your Credit Card with "NO AMOUNT" 2 - Right click to it and make a Schedule 3 - In the Frequency Tab, make it create transaction every months at 1st or 2nd. 4 - In the Overview Tab, choose a Create in advance = 19 days (from 12 to 1st = ~19 days) That it, so every month, about 12, it will create a payment to your credit card with "no amount", you can access to your account and enter the amount you want. I know that it still requires you manually enter your amount, but with this tips, i think it's easiest and best. -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: [GNC] Credit Card bill autopay
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 > 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. ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: [GNC] Credit Card bill autopay
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 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. ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: [GNC] Credit Card bill autopay
Hi, Viney Kumar 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. Another thing to keep in mind is that there may be a delay in processing a transaction. Sometimes a CC transaction doesn't hit my CC account for a day or two, so transactions close to the ending date may end up on either side, which I wont know until I see the statement. 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. Hope this helps, > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. -derek -- Derek Atkins 617-623-3745 de...@ihtfp.com www.ihtfp.com Computer and Internet Security Consultant ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
[GNC] Credit Card bill autopay
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. My Chart of accounts is: ASSETS --Current Assests Savings account Expenses ---x ---y ---z Liabilities ---Accounts Payable ---Credit Card Thank You, -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
