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Transfer transactions allow boxes to be unchecked to include in reports, but don't show up (edited)

Darknight21631

I have my Spending plan exactly how I want it, with everything categorized properly and recurring transactions marked so I can get an accurate reading on my cash flow projections. But this all fails when I go to the Income & Expense report.

I've realized my Income & Expense Report does not align with my Spending Plan because transactions categorized as "Transfer" are never included, despite the presence of a checkbox option to include them. This bug prevents me from seeing my actual monthly cash flow and accurately tracking legitimate monthly expenses, such as installment payments on linked accounts, which directly impact my net income.

I'd like to be able to see an accurate graph of my net income

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Transfers

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Comments

Coach Jon

Hello @Darknight21631,

Thanks for reaching out! Since money is only being moved between accounts, Transfers do not qualify as income or an expense. As such, Quicken Simplifi does not automatically include these transactions in Reports by default.

We do have these great idea posts for this topic that you may want to vote for and follow for updates:

https://community.simplifimoney.com/discussion/4769/ability-to-include-transfers-in-reports-edited

https://community.simplifimoney.com/discussion/7438/add-a-report-for-transfers-edited

I hope this helps!

Darknight21631

Both of those Idea Posts don't really get after what I'm trying to say. The Spending plan recognizes that some transfers are expenses and gives us the option to choose which to include and which to ignore, while also giving the option to include them in reports but that check has no effect.

Why isn't there an option to include select transfers like we can in the spending plan?

SRC54

I think the reason that a transfer can be counted as an expense in the Spending Plan is because SP puts transfers under Bills. So if you include it, it can decrease how much money to have left to spend. (And that is if you only include one side of the transfer if it is a two-sided transfer).

When you include it in the Reports, then you've got to have a Report that will filter for transfers. I don't think (haven't double checked) that there are any. So this setting doesn't work for anything right now.

So I would say that if you want a transfer to be an expense, you need to categorize it that way. For example, right now in Zillow and Kelly Book accounts, when we get an update on the value, Simplifi changes that to a Balance Adjustment, and those are ignored in Reports. (I change them to transfers but they are still ignored.) If I wished, I could categorize the Kelly Book adjustment to Depreciation, and then it would show up in reports.

So it seems to me that you might want to vote for the suggestion to allow transfers to be included in Reports above. Failing that, maybe you need to come up with a category so that they get included in Reports.

Perhaps if you cited an example of a transfer transaction you want included, we can come up with some workarounds or suggest a new category.

Here's another example of a transfer that I counted in Spending Plan. Before my wife's retirement, she had a payment to her retirement plan. I didn't bother to keep up with the Retirement Plan as an asset because I knew she would retire soon and it would get annuitized as income. So it was included in the Spending Plan because along with the taxes, health insurance, etc, it decreased her pay and thus how much we had to Spend. It never got included in Reports. But I could have just created an expense category for Retirement Plan and then it would have been counted in Reports. It was just my choice.

Coach Jon

Hello @Darknight21631,

Thank you for the reply! I confirmed that Transfers will always be excluded from Reports in Quicken Simplifi, but I filed the issue regarding the "Exclude from" boxes being available to uncheck for Transfers as a visual/UI bug. I will provide status updates here going forward as my product team works on this issue.

SIMPL-32858

Coach Jon

Hello @Darknight21631,

I am back with an update on this issue! Quicken Simplifi now allows transfers to show in reports based on user preference, so this ticket has now been closed.

Thank you!