In this article, we will go over how to setup Balance after bills and ensure it is including all of your scheduled payments.
After you have created an account, it will give you the option to set this up and include all your regular monthly payments. This will then give you a 'Balance after Bills' figure in your app, so you can keep track and not get any surprises.
You can see the option below to 'Set up' in the red box on the homepage of the application.
Next, you must select what accounts you want to include within your balance after bills calculation.
You should select the accounts used for your income, bills and spending, so that BABs best reflects your finances.
Confirm your scheduled payments
You will be presented with a list of the scheduled payments we’ve been able to identify as your regular monthly payment. This list will only include debit payments, credit payments are not included in BABs (yet). This list only includes payments that repeat on a monthly basis.
By tapping on the 'x' along the right hand side you can remove any you wish not to include.
At the bottom of the list for scheduled payments, there is an option to add scheduled payment.
Adding in Scheduled payments
When you select add a scheduled payment this pulls up a list of transactions from the last 30 days.
Using the EE Transaction below as an example, you can see this was not pulled through as an identified regular payment. This will allow you to select this transaction and choose a date of the month you wish for it to repeat.
Set your Paycycle
Once happy with your scheduled payments, the app will prompt you to pick your paycycle date
If you select the 29th, 30th or 31st, a message will inform you that in months that don’t have these dates, your paycycle will reset on the last day of the month.
After this, it will bring you back to the home screen and present you with your 'Balance After Bills' figure along the top.
For ongoing management on this, please see the links below on how to edit and add payments or accounts.