New Account Type: Gift Card

EL1234

I would suggest another Bank Account Type called Gift Card. Sometimes I have a gift card balance at Amazon, or a store gift card, and I'd like to categorize the individual purchases and track the gift card balance. I am able to do this with a manual account but it's a bit confusing to choose "Checking" as the Account type when creating the account.

Thanks!

EL1234

It would probably also be nice to have an account type for Cash! I use a "checking account" to track my cash spending the same way. I'd even 'file' gift cards under Cash, it makes more sense than to file them under Checking Account.

Flopbot

I like this idea, and voted accordingly.  The CASH account type suggested by @EL1234 would be even more beneficial though!

Donni

I set up all non bank accounts, such as cash or gift cards, as "Other Banking" accounts and it is working well for me.

asubbaiyanprof

 "other Banking" works in most cases for me.

Coach Natalie

Hello All, 

The Community Support Team reviews long-standing Idea posts for relevancy and current interest. This Idea seems to have fallen stagnant and we would like to gauge the current level of interest in this request. 

If you would like to see this Idea implemented, please add your vote and a comment explaining how this request would be beneficial for you. More details on voting for Idea posts can be found in our FAQ here. 

Thank you,

Simplifi Community Support Team

kgpreet

It would be incredibly useful to pull in transactions that were fulfilled by a gift card automatically. For example:

- I purchase a $50 cinemark gift card at Costco on 06/07 for $40 and I use that gift card on 08/09 to purchase $20 a movie ticket. Ideally this would be represented by a "transfer" of $40 into the gift card account and then a withdrawal of $20. (The extra $10 can be manually added as a balance adjustment)

- I purchase a Starbucks gift card from Target $100 and use it at Starbucks for the next 3 months. Ideally the initial purchase would show up as a transfer into the Starbucks account and then each subsequent purchase would show up as a transaction. This helps me to more accurately track my spend each month.

RobWilk

I'm late to voting on this, and I still think, despite its age, this is a good idea.

I mainly have an issue with my Amazon gift card balance. Too often, that balance includes things I've returned but opted to get paid back as a gift card rather than waiting for a credit card refund.

Right now, I'm changing the categories of anything returned to a gift card balance to a category of 'Amazon Gift Card' - so for example, I returned a NAS hard drive ~$150, but rather than a category of - for example - electronics, the category is 'Amazon Gift Card' with description indicating it was returned to gift card balance. I would like to track the balance, and something like a separate account category might make it easier to track the gift card balance 'as if it were real money' (it kind of is).

This might fall under another idea post as the below would let someone create a 'gift card' type:

https://community.simplifimoney.com/discussion/453/let-me-categorize-and-organize-my-accounts-list-however-i-like-edited-10-merged-votes

-Rob

Jenny T

I have set up “other banking” manual accounts for gift cards and my Amazon credit/gift card balance so that I can track usage of and balances of gift cards. I would definitely use a gift card specific type.

SRC54

Yes, it would probably be a good idea to have Cash or Debit as an option.