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How To Customize Your Payday Settings

Written by Perjan Duro
How To Customize Your Payday Settings

In MoneyCoach, the payday setting controls the period used by your Overview cards and reports that follow your custom period. You can base that period on a fixed month start day, or you can anchor it to a repeating salary transaction.

This is useful if your financial month starts on payday instead of the first day of the calendar month.

Video tutorial

Step-by-step guide

  • Open Settings
  • Tap Customize Overview
  • Tap Customize Payday
  • In Payday Settings, enable the Start Date option
  • Choose the day of the month when your financial period should start
  • Go back to the Overview

MoneyCoach saves the setting automatically when you change the option or selected day. If you pick a day like the 29th, 30th, or 31st, months without that date use the last day of the month.

Alternative way by using a salary transaction

Use this option if you are paid weekly, every two weeks, monthly, or on another repeat schedule that is already stored as an income transaction.

  • Open Settings
  • Tap Customize Overview
  • Tap Customize Payday
  • Enable the Salary option
  • Tap Select Salary Transaction
  • Choose the repeating income transaction that represents your salary

MoneyCoach uses the selected transaction's repeat interval and transaction date to calculate the payday period. If you have not created your salary as a repeating income yet, first add it as a repeating transaction, then return to Payday Settings and select it.

Once you go back to the Overview, the cards that follow the custom period will use your updated payday settings.

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