Handling "Balance Forward" transactions properly

cweiland

I track my HSA with Simplifi, and in January I get one or more transactions from that account with Payee "Balance Forward" and Category "Personal Income" and whose amount is the current balance in that account - and thus they show up as "income" for January. As far as I can tell these are just "informational" transactions - there is no additional money in that account and they're not "transfers" from any other account.

How should I handle these transactions in Simplifi? I hesitate to delete them, but I don't want these transactions to "count" as income in Simplifi. Is there a Category I should assign them to - maybe "Balance Adjustment"?

Thank you!

• Chris

SRC54

I get an informational transaction each month from my checking account that says Interest rate update. It is set to 0.00 but I delete it anyhow. I suppose that these transactions of yours are cleared so they don't affect your Simplifi balance. So it is totally up to you.

I don't think you can use Balance Adjustment for this as it might change your balance in Simplifi. The problem for me would be that if one is income, it will skew your reports. I think I would delete them since they are not real transactions. You could also mark them as ignore in Spending Plan and ignore in Reports. That ought to fix the skewing of your spending/income data.

Hope this helps.