Allow Pending Investment Transactions to Impact Connected Investment Account Balances (edited)

SRC54

I am fine with the way that Simplifi ignores transactions and just reports the downloaded balance. But it is in variance with other connected accounts that ignore cleared transactions but will subtract pending transactions if the user wants "Balance with Pending". Investment Accounts don't have a field for this at all. From what I can tell, all transactions are treated as cleared and ignored if the account is connected.

This leads to trouble if a user transfers money from an investment account to another account. You can end up with a situation for 2-3 days where that amount gets double counted for net worth or total sum of accounts. This is especially disconcerting if the transfer was a large amount.

So it would make more sense for pending transactions to be available in connected investment accounts.

Coach Natalie

@SRC54, thanks for posting your suggestion to the Community!

Investment Transactions aren't meant to interact with account balances in any way, not even manual accounts. For connected investment accounts, the balance is retrieved from the bank, just like any other connected account. For manual investment accounts, users need to maintain the holdings in the Portfolio view to maintain the balance.

https://support.simplifi.quicken.com/en/articles/5167335-how-do-my-investment-balances-update

I think a more applicable Idea post would be this one:

https://community.simplifimoney.com/discussion/8830/allow-investment-transactions-to-impact-manual-investment-account-balances-portfolio-value-edited

If a user is experiencing a balance discrepancy for a connected investment account, it would likely be aggregation-related versus a transaction issue, since Investment Transactions aren't tied to account balances.

Let us know if this makes sense!

SRC54

@Coach Natalie Yes, most of the time that works, but the problem that is described in the conversation below is due to the fact that there is a lag in clearing transfers in one account or the other leading to a temporary imbalance:

https://community.simplifimoney.com/discussion/15649/temporary-double-counting-of-investment-transfer-between-accounts

I was seeking a way to fix this. My idea would be to keep investment accounts as they are but just to allow the user to enter a pending transaction that once cleared would be once again ignored.

Another solution might be to let users enter a temporary holding adjustment as in say they transferred $15K, they could enter a negative $15K cash to the investment account.

Edit: I realize this is not a super problem. It corrects itself when both accounts have been updated by the respective institutions.

Coach Natalie

@SRC54, sounds good! Just wanted to make sure everyone is on the same page. 😎