Splits in Recurring & Other Splits Enhancements: Share your feedback here!

Coach Kristina

Hello @sea_compgeek & @SRC54,

Your posts have been merged with the official feedback thread for Splits in Recurring & Other Splits Enhancements, so they can be reviewed by our product team.

Thanks for sharing your experience!

ivylgedropout

I didn't quite understand the need for this feature until I started recording my mortgage payment both as a "transfer" to principal balance as well as an "escrow and interest" payment. This is set up, and I will see how well it works this month.

One question I have is how this is treated in my spending plan. Currently, my recurring bills is set up to recognize the mortgage expense as a combination of principal+interest/escrow. However, on my spending plan, only the interest/escrow appears. I understand why this happens in theory. The principal payment is merely a transfer that pays down the total mortgage principal. However, for my spending plan, the principal payment is still money I need to deduct from my overall monthly budget. It's money I am setting aside from liquid to non-liquid.

I suppose this could apply to any loan payment on the spending plan.

SRC54

https://community.simplifimoney.com/discussion/comment/70501#Comment_70501

You are correct that the transfer part is excluded by default as it is not really an expense. However, if you want to count the transfer in your Spending Plan, you can edit the splits and include it in your Spending Plan (but not reports). But you can do both if you wish since you want to see it as spending.

You can also edit the inclusions in the series so that it will show the way you like each month.

This way your entire mortgage payment should end up in the Bills section of your Spending Plan.

Julia Kerr

https://community.simplifimoney.com/discussion/comment/70055#Comment_70055

@DryHeat

What I was finding was that if you had a series, and you wanted to split transactions in that series, the new update meant all transactions would have to follow the same “series split breakdown”. I couldn’t have one transaction in the series split in one manner, and another transaction in the series split a different way. Whereas before, every transaction in a series was manually split every time. My problem was that almost all my series splits are different amounts and sometimes different categories, so being forced into a set “series split structure” was useless and actually removed my ability to use the split feature the way I needed to. When I checked today, I seemed to be able to split differently again, so I’m not sure if they updated the feature. But I’m happy again :)

DryHeat

@Julia Kerr

When I checked today, I seemed to be able to split differently again, so I’m not sure if they updated the feature. But I’m happy again :)

I glad to hear that it is working for you again. You are right that being forced to have the same splits every time would cause problems.