Recurring Detection

When the same merchant charges you a similar amount on a regular cadence - weekly, biweekly, monthly, bimonthly, quarterly or yearly - it gets flagged as a candidate. The merchant name is what groups the charges together in the first place; the confidence score behind a suggestion is then four things weighed together:

• How many times the charge has occurred.
• How regular the spacing between charges is.
• How stable the amount is.
• How recently the last one landed.

A coffee shop you visit five times a month will not qualify, because the cadence is irregular. A $14.99 streaming charge on the same day each month will.

Detection runs in the background as transactions arrive, so there is nothing to trigger. A single match is never enough: Cadence Money waits until it has seen the same charge at least a couple of times, which is why a brand-new subscription takes a month or two to surface.

Most of the everyday recurring charges that drift onto a statement:

• Streaming subscriptions.
• Software and cloud services.
• Gym memberships and fitness apps.
• Utilities including hydro, internet and mobile.
• Insurance premiums billed monthly or yearly.
• News, magazine and meal-kit subscriptions.

One-off purchases, variable bills with wildly different amounts each month, and transfers between your own accounts are filtered out so they do not clutter the list.

Detected patterns appear in two places:

• On the Plan page, the Bills tab shows a Suggested Bills banner grouping what Cadence Money has spotted, so they are easy to triage together.
• In the Suggestions widget on your dashboard, which is where a subscription that started this month tends to catch your eye.

For each one you can accept it or dismiss it, or open it first to see what Cadence Money spotted. Dismissing is remembered against that exact suggestion - the merchant, the type and the detected frequency together - so the same merchant will not come back at the same frequency. If its charges later look monthly rather than yearly, that is a new suggestion and it can appear again.

1. Tap View Detail on the suggestion.
2. Read what Cadence Money found: how many payments it saw, to whom, at roughly what amount and how often, plus a Type, Frequency and Payments summary.
3. Tap Create Recurring Expense to accept it, or Dismiss to clear it.

The bill then shows up in the Upcoming Activities widget, in your cash flow forecast, and in any reminders you have enabled. Future charges from that merchant are matched to it automatically, so the forecast stays accurate without further work.

What Cadence Money detected is a starting point, not a contract. Open any bill afterwards to change the frequency, the due day, the expected amount or the category. That is useful for bills that step up at renewal, services that switch from monthly to annual billing, or a merchant name your bank reports badly.

Editing a converted bill does not affect the historical transactions it was based on. Past charges keep their original details and stay linked to the bill for reporting.

Forgotten subscriptions are one of the most common sources of unexplained spending. A monthly scan of your suggestions is the fastest way to catch the gym you stopped going to, the service you signed up for during a trial, or the second cloud storage plan you forgot you had.