Can I change the monthly cycle date?

cowboy57

My payday is the last day of the month, in reports it looks like I am in the red all month by pay to expenses. Can it be changed to make the last day of the month my first day in the app?

SRC54

No, so far you cannot do that. The easiest thing to do is re-date your paycheck to be the next day, the first day of the month, if you want to see it that way.

I have the same situation, but one of the best things about the Spending Plan is that it shows your total income picture for the month even though most of mine: Dividends, Interest, and Pension come in on the last day of the month. Even our Social Security comes on the 3rd and 4th Wednesdays.

The only thing that looks bad is on the Dashboard where the Income bar lags for most of the month, but I just moved it lower so I don't see it. 😀

There is an idea to allow users to change the Spending Plan intervals from paycheck to paycheck. You might want to add your vote.

https://community.simplifimoney.com/discussion/2207/customize-budget-cycle-as-opposed-to-month-to-month-3-merged-votes

Hope this helps.

SRC54

Just to make sure, you do have your paychecks and other income items (interest, dividends, etc.) set up as recurring incomes so that the Spending Plan takes them into account? You probably do, but since you are sort of new to Simplifi (you joined June 9), I wanted to ask.

Here's a support article on how to do that, and if you have any questions, just ask.

https://support.simplifi.quicken.com/en/articles/3625912-managing-recurring-transactions

And another on the Spending Plan generally.

https://support.simplifi.quicken.com/en/articles/4212702-understanding-your-spending-plan

DannyB

@cowboy57 which report(s) are you looking at? If your monthly expenses are less than your monthly income, monthly reports should show a positive cash flow. But if you are looking at an Interval set to "Day" I expect you will see most days showing a negative cash flow no matter what day your income arrives. For example, my income is received on 4 seperate days of the week, but I spend money almost every day of the month. Any day with expenses and no income will show a negative cash flow for that day.. which for me are most days of the month.

As far as the Spending Plan goes, as @SRC54 points out, if you have your income set up as recurring it will be included in the Spending Plan and shown as available for the whole month.