Multiple categories to recurring transaction

Peter T

I am a new Simplifi user, but a longtime Quicken Classic user. I have setup my accounts and everything seems to be working and certainly as easy as expected. I do however have one problem with recurring debits, namely payroll deposits to my account.

Right now the transaction is recognized, but for the net amount only. I wanted to reflect the transaction as gross income, income tax deducted, other deductions and the net being deposited. So far I can only assign one category to a recurring transaction, but I am able to edit it for multiple categories. Even creating a rule doesn't seem to allow me to setup multiple categories. Editing isn not something I want to do every month.

Anyone have a means to breakdown a recurring transaction into multiple categories

Thanks

DannyB

@Peter T welcome to Quicken Simplifi!

Quicken Simplifi does not currently allow splitting recurring series transactions into multiple categories.

This is a highly desired feature for many QS users and is discussed in the feature request below. As of November 19th, this request has been updated to "Planned" so it is in the works.

https://community.simplifimoney.com/discussion/98/using-splits-multiple-categories-in-recurring-transactions-4-merged-votes

For now you will have to add your splits each time you receive a paycheck and it is downloaded into QS. I wait until the transaction has cleared at my bank and is recorded in QS as cleared. Sometimes edits to pending transactions don't stick when the transaction clears.

SRC54

Welcome to Simplifi! We are very hopeful that this feature will be coming soon!

As Danny says once the transaction is entered or downloaded, you can split it and the splits will show up in the Spending Plan.

However, if you want the expense splits in a paycheck to show up in the Spending Plan, you have to link the recurring to a bill and not an income. The income part will still show in the Spending Plan.

Enjoy getting to know Simplifi.