Timing of transfers and how Net Worth reflects the transfers

lwyman

I'm having difficulty understanding how the Net Worth trend line is calculated for transfers between bank accounts. Often when a transfer is made, the sending bank's transaction shows up first (and is picked up by Simplifi) and then, typically a day later, the receiving bank's transaction is posted (and Simplifi, of course, thinks it happened a day later). So in Net Worth, it naturally shows a one day drop in assets, and a corresponding increase in assets the next day, when in fact there was technically no change in assets at all. I've tried retroactively changing the date of the receiving transaction to match the sending transaction (and they are linked as a transfer in Simplifi), but it doesn't make a difference or correct the ups and downs of transfers. For people who move money among accounts, the net worth statement looks like a sawtooth, even though the net worth has technically remained the same.

Anyone else experiencing this, and possibly have a solution?

Thanks

SRC54

Yes, I've noticed it, and I don't think there is much to be done.

What you can do is enter the transfer manually so that it is offset, and then you don't have to wait for the downloaded transactions.

But note this won't work with Investment accounts. When I transfer money from an account to an investment, I will have a drop off until it is cleared and the Investment account updates. Of course, if I send from Investment account to a banking account, I will show a net worth gain for 24-36 hours.