How do credit card bills work in Finplan?

Understanding your credit card bill helps you know how much you will pay and when. In Finplan, each card has its bills organized month by month.

In this article, we will explain where to see the bills, what each status means and which bill each purchase you record goes into.

Where do I see my card bills?

Open the Credit cards menu. At the top, Finplan shows the Total bills, the Available limit and the Usage of all your cards.

Each card shows Closes on, Due on, Current bill, Used and Available.

When you open the card, you find the Bills section, with one bill for each month. This screen also shows the Statement with the card purchases. To include the card on this screen, register your credit card first.

What are the bill statuses?

Finplan works out the status according to the card closing day and due day:

• Open: the bill still receives purchases, until the closing day;
• Closed: the closing day has passed and the due day has not arrived yet;
• Overdue: the due day passed without payment, and Finplan shows how many days ago;
• Paid: the bill has already been settled.

Which bill does my purchase go into?

When you record an expense on the card, Finplan chooses the bill based on the purchase date. If the purchase was made up to the closing day, it goes into that month's bill. If it was made after, it goes into the next month's bill.

You can change the bill in the entry itself, choosing between the previous month, the current month and the next two months.

What to do when it is time to pay?

On open bills, the bill button is Pay in advance. On closed or overdue bills, it is Confirm payment. The step by step is in how to pay or split a credit card bill.

After a bill is paid, its purchases can no longer be edited or deleted.

If you still have any questions, just reach out to us through Finplan support, by email or on WhatsApp.