How to Track Transfers to Broker (edited)

WillyDK
WillyDK Member
edited June 2023 in Managing Your Transactions

If I have an "uncategorized" category assigned to a transfer from my bank to my Vanguard account. Simplifi flags me that I have too many "uncategorized" items related to investment moves, so they are not income or expenses but "simply" transfers. What is the best way to handle this?

TIA

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Best Answers

  • Coach Natalie
    Coach Natalie Administrator, Moderator admin
    Answer ✓

    Hello @WillyDK,

    Thanks for posting your inquiry to the Community!

    If you're looking to track transfers to and from your Investment Accounts via Investment Transactions in Simplifi, you can easily do so by using the 'Payment/Deposit' Type, and then using a 'Transfer' Category. If you're tracking the other account in Simplifi as well, you can use a Linked Transfer by selecting the other account's name for the Category. More details on using Investment Transactions in Simplifi can be found here.

    I hope this helps!

    -Coach Natalie

  • WillyDK
    WillyDK Member
    Answer ✓

    Worked great! Thanks. :)

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