When DFAS deposit comes in early how do you add in Simplifi and not change my January spending plan
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?
Best Answers
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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.
Steve
Quicken Simplifi (Safari & iOS) Since 2021
Quicken Classic (MacOS) Since 2009
MS Money (1991-2009) and Dollars & Sense (1987-1991)1 -
Yep, you got it. Easy enough. I've done it on occasion to keep things smooth myself.
Steve
Quicken Simplifi (Safari & iOS) Since 2021
Quicken Classic (MacOS) Since 2009
MS Money (1991-2009) and Dollars & Sense (1987-1991)1 -
I see! I guess it depends on how your bank handles pending transactions.
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Answers
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Thank you for the response. To make sure I understand, leave the recurring bill with the 1st of each month and on the months it comes in early, just wait until it is the first of the month and then change the date of the deposit transaction. Simple enough! At least I won't have 2 deposits on some months and none on others.
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You can also switch the date before 1/1 if you want, just know that the transaction will disappear until the first and instead it'll show up as a reminder in the reminders carousel above the register.
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Thank you. When I do that, it is counting it double in my bank balance in the bank register. It is showing it as pending on the balance, but it is not showing the pending transactions so it counts it twice and increases my bank balance. I finally ended up moving the recurring to start at the end of January and will update it once it has actually cleared the bank. I was used to Quicken Premier and it is different.
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