Recurring Transactions (Location and Frequency) (3 Merged Votes)

mazar1977
mazar1977 Member ✭✭✭✭
edited September 9 in Feature Requests

I actually have 2 suggestions regarding recurring transactions.

1) The location to find recurring transaction list is a little cumbersome. It would be helpful if instead of having to go to your settings for the whole program and select RECURRING, if when you added a transaction in the register, you had a button that said "Recurring" and it would open up the setup to make that transaction recurring right there during entry.

2) In addition to current time frames, it would be helpful if you could select "On the X day of every month". Example, I have a deposit from Social Security that is always on the 3rd Wednesday of every month but the actual day and date is different each month. So if I were to set this up in Simplify, it would be "Recurring every month on the 3rd Wednesday"

1
1 votes

In Progress · Last Updated

You can now create a new Recurring Series directly from a transaction by toggling on "Is this a bill" from the Transaction Details. Also, Recurring Transaction Frequency updates are underway!

Comments

  • Coach Tappan
    Coach Tappan Retired Coach ✭✭✭✭

    Hi! Coach Tappan here! Those are terrific suggestions! I really like the "On the X day of every month" idea. That would work well for me, too! There is a slightly quicker way to get from an individual transaction to the Recurring dialog, by clicking the little down arrow on the right side of the listing to bring up the Details dropdown. From there you can edit an existing transaction, or make a transaction recurring. (See the image below.) But I'll pass your suggestion for a more visible Recurring button on to our development team. Please keep the comments and suggestions coming!

  • hikerspath
    hikerspath Member ✭✭

    First, was going to provide same screenshot, but for the second part, I wouldn't want to loose the additional reoccurrence frequencies. In addition to times of the month (which you seem to figure out with looking at transaction history, there is no way to account for quarterly payments or every 6 months. These would be SUPER additions.

    --
    macOS: 10.15.1
    iOS: 13.1.2
    AppVersion: 4.0

  • Coach Tappan
    Coach Tappan Retired Coach ✭✭✭✭
    edited November 2019

    @ hikerspath We appreciate the feedback! The idea of adding other frequencies for Recurring payments, like bimonthly, quarterly, and six months, is one of the most frequently requested features other users have given us. I know our development team is considering this for a future update, but you add your "vote" to move it up our priority list by checking the box in this topic: Recurring Transaction Times

  • Coach Paco
    Coach Paco Moderator admin

    @hikerspath we have a vote going on in our community regarding changing the timeframe of recurring payments. I suggest casting a vote so we can possibly see a change in the future :) !

  • memorycard_j
    memorycard_j Member
    edited January 2020
    I noticed tonight when I was given a suggested list of bills that when imported in the dates were wrong. When I went to correct the date the frequency was listed as "Custom" but when I clicked on it the "Custom" prompt went away and I was left with the preset list of Frequencies. I'm looking for a frequency of every 4 weeks so I got excited when i saw the "Custom" prompt. Is there an option for setting truly "Custom" frequencies coming? Every 4 weeks would be a killer choice for those of us who are paid bi-weekly.
  • Coach Tappan
    Coach Tappan Retired Coach ✭✭✭✭

    @memorycard_j I noticed the same thing a week or so ago. I believe the "Custom" frequency option isn't fully implemented yet, though I know it's being worked on for a future update. But I'm not sure what causes an imported transaction to come in with the "Custom" option if it can't be used. There is an "Every two weeks" option for people who are paid biweekly on the same day of the week, but not one for every four weeks. Thanks for your suggestion.
    You can click the "star" icon at the upper right if you want to "follow" this discussion to keep track of this issue.

  • mazar1977
    mazar1977 Member ✭✭✭✭
    edited May 2020

    @Coach Tappan @Coach Paco I like the changes you have done to recurring transactions and being able to adjust them on the fly for 1 off instances. I noticed the discussion you mention above for Recurring Transaction Times is closed as I was going to add my comment there.

    Any word on adding "On the X day of each month"?

  • Coach Tappan
    Coach Tappan Retired Coach ✭✭✭✭

    @mazar1977 We haven't been able to implement that option yet. The closest option we currently have is the "Every Two Weeks" frequency, which does set up a payment on a specific date each month. But it also sets up a second payment 15 days later! I'll mention your request again to our development team since it seems to me it would be fairly easy to implement. We'll post an update in this topic if we're able to get it set up.

  • jdbabish
    jdbabish Unconfirmed, Member
    edited May 2020

    What happens if you have recurring income for two household individuals from the same source: social security and a pension are my examples? It seems as if simplifi doesn't recognize the second person's social security payment or pension as separate. The pension is from the same source and of course so is social security.

  • Coach Tappan
    Coach Tappan Retired Coach ✭✭✭✭

    @jdbabish Thanks for your question! That issue can usually be solved by changing the "Payer name" on one of the deposits -- for example "SSI #1" and "SSI #2." That also works for expenses like gym memberships for several family members. If any of the details for those credits are different -- the bank memo, the deposit date, or the amount, for instance -- Simplifi should be able to learn to tell them apart and match them correctly the next time they come in.

  • TVee54
    TVee54 Member
    I have to pay multiple bills every four weeks. This means every few months, I pay twice a month. Right now, there is no way to add this as a recurring bill within Simplifi, a month would be inaccurate for my budget.
  • purdnost
    purdnost Member ✭✭✭
    edited September 9
    I have a couple of recurring bills that occur on the last day of every month. I can schedule a recurring bill for the 30th of this month (last day in September), but the last day of next month (October) is the 31st.

    In this case, I would like the ability to specify the last day of the month, whatever day that lands on.

    Other examples: First Friday, third day, fifth weekday, last weekend day, etc.