Statement-cycle automation
A credit card can carry a real statement cycle instead of you booking a manual paydown each month. Given the cycle, the app generates the due-date payment and the interest on any carried balance for you, so the card's effect on cash is modeled the way the card actually works.
What a cycle holds
- A close date and a due date each period.
- A funding account: the asset account the payment comes from.
- An autopay policy: pay the full statement balance, the minimum, or a fixed amount.
- A minimum-payment rule and an APR for interest on a carried balance.
What it generates
At each close the statement balance is computed, and per the autopay policy a due-date payment transfer is created from the funding account to the card. If the policy does not pay in full, the carried balance accrues interest at the APR. Both the payment and the interest are badged statement-cycle-derived and are matched to the real transactions through the tracker, exactly like any other forecast.
A card with no statement cycle behaves exactly as before: you record paydowns by hand. Adding a cycle is opt-in per card and does not change any other account.
In-app documentation, version 5. Generated from the product documentation source, so this matches the app exactly.