CC close and billing day

Asked by Davide Mazzucco on 2011-11-10

sorry for my bad english. I'll make my best to explain myself.
I have a Bank account and a CC one. I have set 1 as CC close day and 10 as CC billing day.
I expect that every 1st day of the month my CC balance is set back to the limit and every 10th on the month the payments that i did with CC will be billed on the bank account.

Bank account: 5000€
CC limit: 1600€ - CC close day: 1 - CC billing day: 10
during the month i do 2 transactions with CC for a total of 200€ (so i see -200€ / +1400€ in the account list)
At 1st day of month i expect to see Bank Account: 5000€ and CC back to +1600€
At 10th day of month i expect to see Bank Account 4800€ and CC still +1600€

Did i get this right or do i have to manually do a transaction between bank and cc? Otherwise, what's the purpose of close and billing day for CC?
Thank you

Question information

English Edit question
Financisto Edit question
No assignee Edit question
Last query:
Last reply:

Hi Davide, what you saying is kinda make sense. But it is not possible to make it automatic in Financisto. At least not at the moment, I'll take a look how CC can be improved.

For now CC close day and billing day are used in CC statement generation. If you go to Account blotter, then click Menu->CC Statement.



there is another problem too.
lets say your cc's closing day is on every 10th and billind day on every 25th
and u do a transaction on the 12th. the billing for this transaction will be due 10th of the next month correct?

but if u go to the graphics area you will see that it counts the trabsaction for the day u did it: 12th

Can you help with this problem?

Provide an answer of your own, or ask Davide Mazzucco for more information if necessary.

To post a message you must log in.