Personal Finance

Dave · Guest

Can anyone tell me how to setup automatic monthly payments where the first
payment is different to the rest?

For instance, 9 monthly payments of $100.00 but the first one to be $101.56.

Thanks

Dave

Bob Peel, MVP · Guest

Set up a single payment of $101.56 and then 8 payments starting one month
later of $100.00 - you might need to make the payee name slightly different.

--
Regards
Bob Peel,
Microsoft MVP - Money

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"Dave" <whereru at no-spam.whoever.com> wrote in message
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Guest · Posted: Sat Dec 11, 2004 8:11 pm Post subject: Re: Setting Direct debits

Dave,

Assuming your 9-payment cycle re-occurs yearly, the one odd payment is
easy since it is just a transaction with a yearly frequency. As for
the other 8, you'd have to set up a monthly frequency ending in 8
months and re-enter yearly. Of course, you could pre-stage a batch of
these 8-month cycles, but how far does one go with this?

You called these "direct debits". Is it possible these payments are
setup external to Money and will occur regardless of your recurring
bill (i.e. not an a-pay)? If this is the case, you could setup a
monthly frequency of $75 payments if you wanted to keep your budget and
cash flow relevant OR monthly $100 payments otherwise. In either case,
you'd have to "skip" three transactions a year.
Hope this helps!

Regards,
JB

Dave · Guest

Thanks to Bob and JB.
It is a work around. I thought there might have been something similar to
the Quicken program that lets you split debits where the first payment is
irregular.
As it's only for record I could do as you suggest and make one payment then
follow that with 8 others to a slightly different name. May be this
shortcoming in Money 2004 is addressed in Money 2005?

Regards

Dave

"Bob Peel, MVP" <Bob_Peel@NO_SPAMkiandra.freeserve.co.uk> wrote in message
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Bob Peel, MVP · Guest

Nope! Same in M2005. I guess MS don't see it as a shortcoming! ;-)

--
Regards
Bob Peel,
Microsoft MVP - Money

For UK tips & fixes see
http://support.microsoft.com/default.aspx?scid=fh;EN-GB;mny.
For wishes or suggestions see
http://register.microsoft.com/mswish/suggestion.asp
or for UK wishes http://www.microsoft.com/uk/support/money/feedback

I do not respond to any emails that I have not specifically asked for.

"Dave" <whereru at no-spam.whoever.com> wrote in message
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