I would like to know if there is a write up or a video on how to handle credit card payments in Simplifi. I know that i found one but it was about 5 plus years old, thus if there is something newer or written. Thanks.
Hello @Dick_Davis,
Thank you for reaching out! Is there something specific you're trying to find out about handling credit card payments in Quicken Simplifi?
In general, the program treats them as transfers. If both the payment account and the credit card account are connected, then it will show as a transfer between the accounts. If the payment account is not connected, then it will show under the Credit Card Payment category.
Representing the payments as a transfer prevents credit card transactions from being double-counted, since the transfer is counted as neither an expense nor income.
There haven't really been any changes to how credit card payments are handled, which is why you haven't seen updated videos. The relevant articles about handling transfers/credit card payments get updated as program features are updated/improved: https://support.simplifi.quicken.com/en/articles/5142302-handling-transfers-in-the-spending-plan#h_2b904774a4
https://support.simplifi.quicken.com/en/articles/14812140-handling-transfers-in-reports
https://support.simplifi.quicken.com/en/articles/3352152-how-do-transfers-work
I hope this helps!
