Can account balances reflect "pending" recurring expenses?

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I'm having trouble finding a good approach to using recurring transactions with my scheduled billpay & autopay transactions. Can I get some thoughts? (FYI: I've got a *Plus* acct.)

Here's an arbitrary, made-up example:

1) Today is 04/06. I receive a bill notification from BigBadPhoneCo (recurring biller) saying a bill is due on 4/15. It's pretty much a fixed amount each month.

2) I establish a future payment in my billpay account (separate from EEBA) to occur on due date of 4/15. Today's date is still 4/6.

3) I pause and wonder how I should use EEBA to help. Even though the transaction hasn't gone through as of 4/6 (today), I've "paid" my bill today. I need to make sure I've got the money in my billpay account when it does post on 4/15 (due date).

Problem:
a) If I enter the transaction in EEBA as recurring on the 15th of each month, it doesn't appear in my transactions on EEBA until later, so my account balance doesn't change. My account balance doesn't reflect "pending" transactions.

b) If I enter the transaction in EEBA as a "normal" transaction (e.g., manually, non-recurrent), the account balance does change. In other words, the difference between cleared and non-cleared balances. BUT, I lose the efficiency of recurring transactions.

Is there a way to "see" pending transactions? Can I flag recurring transactions as being paid so that I can make sure I'm accounting for them?

Thanks for any help. Let me know if any of this doesn't make sense.
-robert
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lingo

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  • confused

Posted 8 years ago

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Chi-En Yu, Official Rep

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Official Response
On EEBA's website, you're now able to set up recurring transactions and record them as already paid. For each recurring transaction, under Scheduled...edit, at the bottom you will see the next pending transaction. You can either "Record Now" or leave it pending to automatically post on the scheduled date. If you "Record Now," it will show as recorded today, and you can also edit the transaction and choose a future date to coincide with your BillPay. This is available to users like you on Plus or Premium plans.