This is on Neon.
Can anyone explain how scheduled payments work as I am confused ….
For example, I have two scheduled payments set-up as Monthly due 18th June. On the 18th, both these payments show as complete and against the correct account (when accessed from the list of Completed Scheduled Payments) but there is no matching entry in the transaction list.
The next day the transactions are imported (but imported with the wrong category as rules don’t seem to work) but there is no connection between the imported transaction and the Scheduled Payment (proven as they are in a different category).
Shouldn’t MoneyDashboard match the Scheduled Payment to the transaction before marking the Payment as complete?
It seems that Scheduled Payments are just calendar-type reminders that automatically complete on their date. Is this right ?
If so, surely there is a risk that if a Scheduled Payment is not processed by the Bank, the Scheduled Payment is automatically marked complete and rescheduled to the next month; and you would never know that the payment has been missed?
Hopefully someone can explain how this all works