tag:infinitekind.tenderapp.com,2009-01-14:/discussions/suggestions/9632-better-handling-of-credit-card-payment-remindersInfinite Kind: Discussion 2016-12-28T12:20:22Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/398268942016-05-10T13:03:51Z2016-05-10T13:03:51ZBetter Handling of Credit Card Payment Reminders<div><p>Hi Kevin,</p>
<p>Thanks for your suggestion for improving Moneydance. So that I
can ensure we assign the correct suggestion ticket to your
discussion, could you provide some more information about the
required feature?<br>
If possible, can you send me an example of a transaction/group of
transactions as it is now, and also how it would be if the feature
was implemented.<br>
Could you also clarify what the 'Pay entire amount' functionality
would include.</p>
<p>Jenny<br>
Infinite Kind Support</p></div>Jennytag:infinitekind.tenderapp.com,2009-01-14:Comment/398268942016-05-10T13:46:43Z2016-05-10T13:46:43ZBetter Handling of Credit Card Payment Reminders<div><p>In Quicken, when you set up a payment reminder for a credit card
you have several choices for the amount to pay. You can enter a
fixed amount that is the same every month (this is the same as what
MoneyDance does now. You can select "Use an average of the last x
number of payments", that takes an average of the last, say 3, past
payments, and uses that as the amount for that month's payment. Or
you can select "Pay in Full" This takes whatever the current
balance is for that credit card and uses that as the amount for
that month's payment. That way the reminder calendar would show the
full amount when you looked at the transaction and any cash flow
analysis would take into account the current payment amount instead
of just a fixed amount each month.</p>
<p>The "Money Foresight" cashflow extension that is available does
something like this to predict cashflow but, of course it doesn't
actually create reminders or enter transactions.</p></div>Kevin Ctag:infinitekind.tenderapp.com,2009-01-14:Comment/398268942016-05-29T12:07:17Z2016-05-29T12:07:17ZBetter Handling of Credit Card Payment Reminders<div><p>I just noticed that in MoneyDance 2015 when you edit the account
information for a credit card there is a field that you can specify
the type of Payment Plan and it has choices like Fixed, Current
Balance, Cleared Balance, % of balance. Why couldn't that be used
when you create a payment reminder for that account to
automatically enter the correct amount to pay based on the setting
of that field. If I select Fixed then it would use that fixed
amount, if I selected Cleared Balance then the reminder would
automatically enter whatever the cleared balance is for that month
into the amount for that month.</p></div>Kevin Ctag:infinitekind.tenderapp.com,2009-01-14:Comment/398268942016-09-28T07:10:53Z2016-09-28T07:10:54ZBetter Handling of Credit Card Payment Reminders<div><p>I am using a trial version to test out MoneyDance. I filled out
that field in the Credit Card and was surprised there was no
reminder. This is an important function, especially for
forecasting. I pay my balance in full each month, I like having it
update the reminder automatically and knowing where I am at.</p></div>Kristina Leisttag:infinitekind.tenderapp.com,2009-01-14:Comment/398268942016-09-28T12:14:17Z2016-09-28T12:14:17ZBetter Handling of Credit Card Payment Reminders<div><p>Yes, those fields don't seem to really do anything or have any
purpose. I guess they are just informational, however being that
the only place you see them is if you edit the account information
I don't really know what use they are. Same with the expiration
date fields and the interest fields.</p>
<p>MoneyDance really needs to use these fields to actually create
reminders (though you would need a date field to say when to make
the payments) based on what is entered here.</p></div>Kevin C