How do I enter future payments?

Support
1

I’m brand new to QuickFile, and trying to find my way around it.

QuickFile has a huge number of options, but I’m struggling to use the most basic concepts.

I can easily enter a past transaction, but I can’t enter a future (pending) transaction, e.g. a Direct Debit from my bank account.

I’m used to Quicken, which I’ve used for many years (but not the online version), where I enter a future payment (something that I will owe).

  • The payment can be directly into the account, e.g. if I’ve received confirmation that a direct debit will be deducted on a certain date.
  • Or, the payment can be into the calendar if the payment isn’t yet confirmed, e.g. a repeating payment for my monthly broadband or my electricity.
  • A calendar payment can be set to automatically add itself to the calendar when the date comes around.
  • Or, I can set it so the calendar waits until I manually add it to the account useful for bills that can change from month to month.
  • This can also include not only payments but also receipts, e.g. for a subscription that’s paid into my account each month.

This automates much of my entry processing, so I don’t have to keep entering the same things month after month.

It also means that Quicken shows a graph of my finances both in the past (what happened) and in the future (what is expected to happen) — the graph is useful to watch out for outgoings exceeding incomings.

It’s this sort of easy-to-use transaction processing that I’m trying to duplicate in QuickFile.

How can I do this sort of thing, please? Fancy invoices and connecting to bank accounts and all that stuff is excellent, but they are complications that I could easily do without (my finances are extremely simple). What I need are the basics first — entering a transaction, which I can do, and entering a future transaction especially a repeating one, which I can’t figure out how to do. (Likewise, I haven’t yet figured out how to reconcile a bank account, but that can wait for another day!)

Thank you, and sorry for my rookie questions. I’m really struggling here.

2

I don’t believe you can set future payments as such. However you can set up reoccurring payments so they are automatically added.

I don’t think this will give you future reporting ability but will remove the need to add the payments manually

3

Thank you, Paul. I’ll see if I can find the recurring payments option.

4

As both a Quicken and QuickFile user myself I see one clear difference between the two that may help you; Quicken offers budgeting and future modelling features whereas QuickFile is more of a real time transaction manager. As Paul says, there are some automated functions but I see QF as dealing with the here and now and not the what ifs or could be’s.

That could just be my simplistic view point though :slight_smile:

1 Like
5

Thank you, @Bluesden

That helps.

6

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