How do I assign a reimbursement check deposit transaction to a recurring bill
How do I assign a reimbursement check deposit transaction to a recurring bill so that it reduces the spending in that bill category?
Eg A bill is paid and automatically assigned to a recurring bill category. I receive a partial reimbursement for that bill by check. Deposit the check into my account. How do I assign the reimbursement check deposit to the recurring bill category to reduce the spending in that category by whatever the reimbursement check is?
I’ve had 2 coaches tell me it can’t be done and that I have to create a custom income category to show those deposits in my account as income and that by creating these custom income categories, the deposits will only be added to your overall income and will not reduce the spending in the specific recurring bill category, resulting in false total spending in that category.
When I try assigning the check deposit to a recurring bill, it doesn’t reduce the amount spent in the bill category and puts that deposit into other spending as an expense.
Comments
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Have you tried using the Refund feature to associate the refund with the original payment? I don’t know if this will actually reduce the amount of the expense in the expense category, but you could set it up, make the connection and see what happens. The only other Idea I can think of is to split the original transaction with the second split in the amount of the refund to the same expense category and using the “+” Have no idea what that would do.
Danny
Simplifi user since 01/22
”Budget: a mathematical confirmation of your suspicions.” ~A.A. Latimer0 -
@JFKnight see if this artlcle helps you
Anthony Bopp
Simplifi User Since July 2022Money talks. But all my paycheck ever says is goodbye0 -
@JFKnight, I'd suggest marking the transaction as a "One-time bill"; more details on this option are available here:
Let us know how this works for you!
-Coach Natalie
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