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How to create Scheduled transactions?
How to create Scheduled transactions?

You can create Scheduled transactions with any date - even with a date in the past!

Iliya Yordanov avatar
Written by Iliya Yordanov
Updated over 4 years ago

To create a new Scheduled transaction (which can be an expense, an income or a transfer), please first switch to Scheduled transactions section: find the calendar icon on the menu.

You'll then be able to crate new Scheduled Transactions by clicking on the + button at the bottom. Let's now review the possible options that are visible when creating a scheduled transaction:

  • Using the tabs on top you can change the transaction type: expense, income or a transfer.

  • Account: select the account participating in the transaction.

  • Amount: set the value for the transaction. Click on the currency code if you need a different currency.

  • Description: some text to go with your transaction, reminding you what it is for.

  • Payee: the merchant/institution/person participating in the transaction.

  • Category: the category to go with this transaction. Decide between Single and Split transaction (or learn more here).

  • Date and time: the date and time that this transaction is scheduled for.

  • Auto-pay: (only visible in accounts that are not connected to Online Banking) the transaction will be automatically created once the date and time set above is due.

  • Auto-skip: (only visible in accounts that are connected to Online Banking) on the due date, MoneyWiz will check if a similar transaction is already present in your account. If not - it will post it. If yes, it'll skip the scheduled instance in order not to post a duplicate.

  • Repeat: whether the transaction should repeat regularly or not.

  • Frequency: (only visible for repeating transactions) how often the transaction should repeat. You can type in the text box to change how often and you can click on the "Months" button to change the period: choose from days, weeks, months and years.

  • End: when (and whether) the transaction should eventually stop repeating. Select "Never" for transactions you don't foresee to end anytime soon (e.g. your internet bill) because you can always delete them later if needed. For transactions that you know the duration of, select the number of repeats. The number of repeats you set will be the total number of transactions this Scheduled transaction will produce before ending.

Click on save to close the transaction creation window and save the transaction. If the transaction date and time you've selected was in the past, MoneyWiz will immediately act on the transaction (e.g. paying it, if the "auto-pay" setting was enabled).

A couple of notes:

  • if the transaction is repeating, it will repeat regularly on the date and time set in the date and time field (e.g. 5th July -> 5th August),

  • at this time it is not possible to schedule a transaction other than specific date and time. This means that it is not possible to schedule it for 3rd Wednesday of the month for example.

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