Dashboard combines my checking account balance with my credit card debt under a category called banking. Credit card debt is a liability and I would like to see these amounts highlighted separately.
@EL85, thanks for posting to the Community!
At this time, the only way to change the location of an account in the Accounts List would be to change the account type: https://support.simplifi.quicken.com/en/articles/3453445-how-to-edit-your-bank-account-names-and-types#h_7fa1adc937
Otherwise, we do have a longstanding request that would be great to have your vote and feedback on!
Our FAQ here goes over Idea posts in more detail:
I hope this helps!
Within the Banking section, I see sections for:
You can look at the totals of each of those sections and maybe it'll be helpful for you.
It's listing credit as an asset, but it's showing all my credit cards under this category. It won't let me show them under liabilities. Where do other users see their credit card debt?
The only thing I see under Liabilities is my mortgage. And under Assets I only have my house (zillow) under real estate. Credit (ie: credit cards) are shown under the Banking section right before Savings.
It's listing credit as an asset, but it's showing all my credit cards under this category.
Simplifi lists Cash & Checking, Credit (and thus credit cards), and Savings under Banking, but that doesn't mean those are all assets. Logically, everything under Banking could be listed either as an Asset or a Liability, but Simplifi pulls out accounts that are with a bank (or something very like a bank) and collects them under Banking for convenience (at least in QBP). They do something similar with Investments.
Fortunately, they do a more traditional layout in the Net Worth report, where investments are under Assets and credit cards are under Liabilities as you would expect.
This works for me because these are the accounts that I spend most of my time monitoring. But they could have done it differently.
I always thought it should be under liabilities as well but QS has always had banking as a section. I think I complained it about once myself, but I've gotten used to it and see the logic behind it.
I do see the value in separating debt like credit cards from debt like a mortgage or car loan.
Since I am always ready to be the guinea pig, I changed my least used Credit Card (Fidelity Rewards Visa) to a Liability Account: Other Loan.
It moved it to the Liabilities section but wouldn't allow me to see my transactions. Whether it would have downloaded new ones, I don't know.
I moved it back and transactions returned but I had to edit the interest rate and credit limit since those numbers disappeared.
So our best bet is to wait to hope Simplifi will change this in the future, but I wouldn't hold my breath.
The truth is that a lot of people (most?) use credit cards these days more like a checking account where they charge everything and pay it off each month and collect rewards for it. Plus they get some transaction protection not afforded to debit cards and checks. So it makes a lot of sense for them to have it as a banking account.
A smaller group like me uses it for online orders I pay off immediately so I use it also as an infrequent banking account.
An even smaller group use credit cards to buy big items that they pay off over time, which would then be like a loan account.
@SRC54
a lot of people (most?) use credit cards … where they charge everything and pay it off each month
A Federal Reserve Bank of New York report last year said that about 60% of credit card holders carry debt from month to month. It's expensive to use them that way, but people do it for various reasons.
https://www.cnbc.com/2025/04/02/most-credit-card-users-carry-debt-pay-over-20percent-interest-fed-report-.html
I really hate that so many people use credit cards the wrong way and pay such high interest rates. They'll never get ahead. But I knew there was a sizable number.
Hopefully the percentage is lower if you just look at Simplifi users! :)
I guess what I have a problem with is the top highlighted number shown as "Banking" which combines my checking account balance with all my current credit card expenses. I pay off my credit cards every month, so I don't consider that I have any credit card debt. I move money from an interest paying account into my non-interest paying checking account only as needed for the credit card payments. So that top line "Banking" number, which does not include my money market funds, is a meaningless number to me. Sorry if this is TMI.
Well, if you have $1000 credit card debt, it does decrease your cash available. I pay my credit card weekly IF I use it. This is also TMI but that's what we're here for. LOL
I guess what I have a problem with is the top highlighted number shown as "Banking" which combines my checking account balance with all my current credit card expenses. [That] is a meaningless number to me.
I can see why that would be, in your case. On the other hand, there are lots of people (like those who carry a credit card balance, or those who don't bother to shuffle funds around from checking to savings) for whom it is a useful number.
That's one of the things about off-the-shelf software… It's never going to be exactly like I would want it to be. That's a bummer, but I just look for whatever I can find that works better than the alternatives.
I don’t mind credit cards being grouped with cash accounts. However, the presentation doesn’t make sense in the web app Accounts view. Simplifi appears to be adding credit balances to cash balances rather than subtracting credit balances from cash balances (and thus is reporting an incorrect total “banking” balance).
I believe Quicken Classic nets credit card accounts against cash accounts and displays a net balance (at least it used to when I was a Classic user). For example, if a user has $2000 in total cash balances and $1000 in credit cards, the better presentation is to show a $1000 net banking balance, not $3000 as is currently presented.
It’s also presented incorrectly in the Net Worth report and the new Net Worth view. Credit cards are grouped with Liabilities, but the credit card balance shows as a positive number while other liabilities show as negative numbers. The result is credit card balances net out as if they are an asset and reflect an incorrect (lower) total liability than should be presented.
Are you sure? I just tested this by adding a charge for $1000 to a credit card and my banking balance went down by $1000.
However, a credit in a credit card account (meaning you have a + balance) would increase your banking balance.
Definitely sure, but after adding a test transaction as you described to a different account, the behavior I see may be isolated to Apple Card. Our household only uses Apple Card as described in an earlier post — purchase everything on Apple Card for the cash back and pay off each month before interest accrues. Apple Card balance seems to only present as positive number regardless of whether it’s grouped into Banking or Liabilities.
Hello @jto692,
Thank you for sharing your feedback! Since the behavior you're observing is limited to one specific account, I recommend starting a new discussion about the Apple Card balance always appearing positive, so that we can troubleshoot with you.
For information about creating a post, please review the discussion linked below:
Thank you!
Apple Card is certainly a different animal. I have one too and it has its peculiarities but I haven't noticed this one. I will look out for it.
I will say that when it comes to the Net Worth module, that it shows differences + or - during the time frame period. It can be disconcerting, at least to me.
@jto692
There is a known issue related to Apple Savings accounts showing an inverted balance (negative instead of positive, or vice versa) in Simplifi. This may be related to your problem.
