Planned Payments simplify recurring transactions by automating or creating records on your confirmation. This eliminates the need to create new records for reoccurring expenses each time manually.
Planned Payments function like regular Records but with a key distinction, they repeat at fixed intervals. Once approved, these transactions appear as standard Records. You can track upcoming Planned Payments by adding a card on the home page, offering insights into confirmation dates and the total amount of plans.
How to Create Planned Payments
Android
- Select '≡' in the top left
- Select 'Planned Payments'
- Tap the blue '+' in the bottom right
- Fill in the options
- Tap Save in the top right
- Now you can select the planned payment and pre approve your records or wait until its done automatically.
iOS
- Tap the 'Planning' icon in the bottom left.
- Select Planned Payments
- Tap the blue '+' button in the top right
- Fill in the options
- Save
- Now you can select the created planned payment and pre approve your records or wait until its done automatically.
Web App
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Planned Payments Options
- Payment type: Choose between Expense and Income
- Payment name: Choose a title for your Planned Template
- Account: Choose a manual account
- Category: Assign a category to your template
- Confirmation: Select Manual or Automatic (the Payment will wait for your approval)
- Start Date: Select the date you want your Planned Payment to begin
- Repeat: If you want to have a recurrence period for a Planned Payment
- Payment type: Choose the method of payment (cash, credit card,etc)
- Payee: Select the person/company to whom the money will be paid
- Labels: Group together Income and Expense Records and filter them
- Note: Add a note to your template
- On due date: Use the Notification system to be notified on the due day
- 3 Days before due date: Notification system to be notified three days before the due date
FAQ
Planned Payments keep duplicating
Using Wallet on multiple devices, especially those offline, may lead to duplicated records from Planned Payments. Offline devices lack awareness of records created on other devices, potentially generating duplicates. To prevent this, it's advisable to keep all devices online, minimizing the risk of record duplication.
Skipping Dates
Scheduling a Planned Payment for a day that doesn't exist in a given month (e.g., the 31st in a month with fewer than 31 days), the Planned Payment will be skipped. Currently, setting up a Planned Payment for "the last day of the month" is not supported, but it's in progress.