Scheduled Payments help you set up recurring or installment-based expenses in advance, so you’re never caught off guard by bills or due dates. Whether it’s a monthly subscription, a weekly membership fee, or a fixed number of installment payments, Scheduled Payments ensure you stay on top of your financial commitments.

Once you mark a payment as paid, Trac automatically updates your expenses and moves on to the next due date—making it effortless to manage both recurring bills and financing plans

How to Create a Scheduled Payment

To create a new Scheduled Payment, tap the + button in the top-right corner and follow these steps.

When adding a new Scheduled Payment, you can choose between Recurring Payments or Financing Payments.

Recurring Payments

Use this option for subscriptions, memberships, or any regularly occurring expense.

1. Enter a Name – Choose a name that helps you recognize the payment (e.g., Netflix Subscription).
2. Enter the Payment Amount – This is the amount due for each billing period.
3. Select a Merchant, Category, and Account – These serve as defaults for expenses created under this Scheduled Payment. When you mark a payment as paid, these details automatically apply. You can edit them later if needed.
4. Set the Payment Frequency – Choose how often the payment occurs: Monthly, Semi-monthly, Weekly, or Bi-monthly.
5. Select the Next Payment Date – Pick the date when the next payment is due.
6. Save it!

Financing Payments