Ability to use more than one account for Recurring Series (edited)

20THOR18

Recurring Income/Bills should not be limited to one account.

Many of us have more than one checking and savings account. We frequently deposit income into or pay bills from one account or the other based on availability, timing or cash flow purposes. Forcing a recurring income or bill to be tied to a specific account causes contention, miscategorization and forecasting nightmares.

Currently this limitation causes duplicate incomes/bills, broken forecasts and lots of manual fixing when the money is deposited/deducted from a different account than the on originally chose.

Income/bill recurrence should not care about which account it belongs too. Transactions should simply match to eligible account types (i.e. checking/savings) based on the amount, payee and timing. At the very least allow users to select multiple eligible accounts to match with.

This would greatly increase the accuracy for those of us in the real world that use multiple accounts to manage cash flow and eliminate unnecessary reconciling.

DryHeat

I understand what you are suggesting and I can see where it would be helpful in your case. But for me it would depend on whether it can be implemented without creating new difficulties for those of us (also in the real world😉) who regularly use the same accounts for the same transactions.

For example, I don't want to have to fiddle with incoming transactions to put them in the right account when I already know the correct account when I am setting up the recurring series. Nor do I want the current system for matching transactions with recurring series to have more problems than it already does.

If the multi-account issue can be accomplished without creating new problems, I'm all for it.

SRC54

Perhaps with the new "Mark it Paid" feature, they can change it slightly so a transaction box opens up so you can change the date and account before saving it.

I think they are planning something like that as some users have asked to be able to change the date.

I know this isn't exactly what you are asking for but it seems to me that when you schedule the payment using a different account for that month, it would be fairly easy to do it that way.

Coach Natalie

@20THOR18, thanks for posting your suggestion to the Community!

I have turned this into an Idea post so other users can vote for it and our product team can review it. For more details on Idea posts here in the Community, please see our FAQ:

https://community.simplifimoney.com/discussion/998/creating-and-voting-for-ideas-in-the-community

I hope this helps!