Reoccurring transactions/categories and Checks

N4KHQ

It looks like my bank only gives Simplifi the account, amount and check number. We give a fixed amount to the church each month but it does not look like the bank gives Simplifi enough information to mark a check reoccurring or give it a category rule. Am I missing any tricks.

UrsulaA

If the amount is the same each month and occurs at about the same time, I will think a recurring bill will work. Can you try it and see how it goes?

SRC54

Yes, that is typical for a check since the bank doesn't know the payee. If it is an electronic payment, then the bank downloads the payee to Simplifi, and Simplifi will ask you to create a rule. (I think we have the technology to read this information from checks, but I fear the banks aren't interested as electronic payments are now the rule and not the exception.)

Ursula's answer should be the solution as long as the recurring bill is around the same time and amount each month. AI is a wonderful (if sometimes scary thing), but often works but is never 100%.