Handle Linking and Categorizing Transfer Transactions Better (edited)

emarzock

I've had great difficulty for several months in managing transfers. I'd like to make a few requests:
1. Transfers from the source side should never be automatically linked to a transfer on the target side where the date differs. I've run into that one several times.
2. I have several transfers that have been recorded and automatically linked to the wrong target account. Better intelligence needs to be created to properly identify the target account.
3. I have transfers that are incorrectly getting categorized entirely. There needs to be a way to tell the software to not categorize a transfer that meets these criteria.
4. There needs to be a way to link a transfer on the source side with a specific transfer on the target side. i.e. Link *this* one with *that* one.

BillPayer

I agree that transfers seem to have problems.  If I enter a transaction ahead of time to transfer money between accounts it shows as pending.  Once the actual transaction has been downloaded, I have seen it not recognize my pending transfer.  It then created separate 'Financial'-categorized transactions that were linking to the other side's manual transaction.

My process seems to be to put in the pending manual transaction, wait for the downloaded transaction categorized as financial, delete my pending transaction, recategorize my downloaded transaction to be my transfer.  Not ideal.

emarzock

You'd think that this sophisticated software would be able to do much better.  Quicken can do this easily.  Quicken asks if the downloaded transaction matches the one that has been manually entered...  If answer is yes, it matches it. If not, it creates a new transaction.

dwakeman

The ability to transfer cash in and out of brokerage accounts is a must as well

Duke0486

I agree with everything in the original post with one exception: it's fine if transfers from the source side are automatically linked to transfers on the target side where the date differs. Often time, a transfer shows up on one side as cleared one business day before it registers on the other side. Sometimes it may take few calendar days for one side to show up due to holidays or weekends.

So, it's fine if transfers from the source side are automatically linked to transfers on the target side where the posted date differs provided Simplifi applies the proper rules and fixes (if these aren't in place currently, please add):

1. The transactions are dated within 3 business days or less of one another.
2. The transaction dollar amounts are exactly the same.
3. Like the original poster requests, there needs to be a way to link a transfer on the source side with a specific transfer on the target side. (i.e. Link *this* one with *that* one), so the user can quickly fix any transfers that were incorrectly linked by Simplifi. Currently, it's a nightmare to unlink paired transactions because Simplifi wants to delete one of the transactions in the process.