"Available to spend"

Timxxx

Looking for a variation of "net worth", but more of an "available to spend" for the month. Example on the first of the month:

Checking account balance = $1,000.

Credit card A has balance of $200.

Mortgage payment (bank check) usually issued on say, 5th of the month = $400.

Available to spend = $1,000 - $200 - $400 = $400 for the rest of the month

Does QuickBooks Simplfi have anything like this? Thanks.

DannyB

@Timxxx

Quicken Simplifi is a Quicken product not an Intuit product like Quickbooks.

As far as your question, QS includes a Spending Plan that will show you what you have "left to spend" after accounting for your anticipated income and anticipated expenses. This "left to spend" is based on each month's income and expenses and will not necessarily reflect what is actually in your checking account at any given time. It is an estimate of what you could have available in a given month if your income and expenses are a solid reflection of your true income and expenses - which they should be if you have been realistic.

Here is an into to the Spending Plan that will give you more info.

Using the Quicken Simplifi Spending Plan | Quicken Simplifi Help Center

RobWilk

@Timxxx What it does have is a cash flow forecast, where (if you scheduled payments to credit cards and mortgages as recurring payments), you can see your balances to any future date (such as the day before next income). Each recurring payment is applied into the future to get this balance. On the Web QSimplifi, it's on a chart, and you hover over a day to see the balance on that day— on the mobile app you can show transaction by transaction into the future how balances change in the future.

This only works if you schedule payments, and its' per-account.

With some banks there is a balance issue (typically involving pending or recently pending transacitons) which makes the forecast temporarily wrong, for example there is a known issue with Chase which they claim to be working on.