Income

Add example #6: unscheduled payments

The bill in this example is used to pay for occasional, one-time services such as HVAC, electrical, plumbing and attorney fees using the bill pay service of your bank or credit union. Payments are scheduled when an invoice is received to be paid on the invoice due date.

To add this bill, begin by opening the New Bill window as described in How to start an Add.

Adding the bill

In the New Bill window:

1 Name - Enter a descriptive Name for the bill.
2 Outgo category - Select the Outgo category that applies.
3 How paid - Select Automatic deduction.
Payments are due - Select as needed (unscheduled).
Payment amounts - When as needed is selected in #4, are unpredictable is automatically selected.

The four columns in the New Bill window are now configured correctly for the new bill.

Include in Cash Plan - This option is checked by default which is correct for this bill.
7 When included, always show - Check this option so that the bill will always be available in your cash plan whether or not a payment is currently scheduled.
Save & Add Another / Save & Exit - Click on either save button to save the new bill.

The bill is added to your cash plan

The bill is added to your cash plan

Using the bill

Let's say you receive an invoice from an electrician on August 19th for $250.00. Payment is due on September 15th. You decide to use your One-time fees bill to make the payment.

> The first step is to log onto your bank or credit union's online bill pay service and schedule a check to pay the electrician $250.00 from your cash plan's checking account on the due date.
> Step two is to add the online payment to your cash plan as an automatic deduction.

Open the Edit Unscheduled Bill window

Right-click on the bill in your cash plan to open the drop-down menu and click on Edit to display the Edit Unscheduled Bill window.

Click on the add icon

In the Edit Unscheduled Bill window, click on the add icon to display the New Unscheduled Payment dialog box.

Open the New Unscheduled Payment dialog box

In the New Unscheduled Payment dialog box:

  1. Select the payment due Date.
  2. Enter a Description.
  3. Enter the payment Amount.
  4. Click on the OK button.
Click on the OK button

Back in the Edit Unscheduled Bill window, click on the OK button.

The payment is added to your cash plan

The bill payment is added to your cash plan