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Should I create Scheduled transactions if I'm using Online Banking?
Should I create Scheduled transactions if I'm using Online Banking?

It might appear that if you're downloading transactions from Online Banking, you don't need Scheduled transactions. Not quite!

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

Short answer: yes!

Scheduled transactions make Forecast reports meaningful. For example, if you have a scheduled transfer from your checking account to savings, Forecast report would allow you to see how much money you'll have in 6 months.

Our suggestion is to create Scheduled transactions for all transactions that are recurring and simply enable auto-skip if the transaction is happening in an Online Banking-enabled account. This will take care of the duplicates for you.

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