When DFAS deposit comes in early how do you add in Simplifi and not change my January spending plan

Question

New user to Simplifi and not sure how to manage Military income that is usually the first of the month, but comes in on the last of month if the first falls on a weekend or holiday.

I have the income set as a recurring series for the 1st, but when it pays early it shows on current month and makes my next month income short for budgeting.  How do you enter it so that it is accurate?

SRC54 · Accepted Answer

Hi,  what I would do is date the deposit for January 1.  The Spending Plan will always update the recurring payment/deposit with the actual transaction date.

So go to your checking account in Simplifi and date it for the 1st.  **I would wait until the 1st until you actually do this if it has cleared, as I have noticed that a future dated cleared transaction will disappear until that date.   So on Thursday, just date it to the 1st.

Now if the deposit isn't being made until tomorrow Wednesday, and won't clear until Thursday, you can go ahead and date it the 1st when the pending transaction shows up, and it will become a reminder and be automatically there on the first.

Hope this works for you.  Yeah, it's a little fib but it works for your plan.

SRC54 · Accepted Answer

Yep, you got it.  Easy enough.  I've done it on occasion to keep things smooth myself.

EL1234 · Accepted Answer

I see! I guess it depends on how your bank handles pending transactions.