Question about closed accounts

defiantsnack000

Is it possible to mark an account as closed but still keep the connection to have it get updated if there is still an owed balance? For context, if a credit card account got closed by the issuer while there was still a balance owed- it is still accruing monthly interest fees, but it is also having payments made towards it. I'd like to keep track of that account and debt for the continued transactions of interest fees and the payments made towards the balance without having to do it manually. If it kept as an open account then there isn't a way to distinguish it from the other connected accounts that are still active and open.

Coach Jon

Hello @defiantsnack000,

Currently in Quicken Simplifi, closing an account does these things:

• The account balance will be set to $0.
• All holdings associated with the account will be removed.
• Downloading of future transactions in Simplifi will be disabled.
• Note that you will still have access to view all of your past transactions.

There is no way to have an account updated when it is closed at this time. But, if you would like, you can submit an idea post with your idea and have the community vote on if this is something they would like to see added to Quicken Simplifi!

https://community.simplifimoney.com/discussion/998/creating-and-voting-for-ideas-in-the-community

Thanks,

Coach Jon

Flopbot

@defiantsnack000

I believe that when you close an account, it truely closes the account. What I'd recommend till the balance is paid off is to just rename the account from something like…

CC - 0000

zzz - CC - 0000

This shunts it to the bottom of the list, but lets it still get updates. I did this with a number of my accounts before Simplifi included the ability to close/hide accounts. It worked

Then, when it's officially paid off, you could close it completely using Simplifi's closing method at Settings > Accounts >Three Dots > Mark as closed.

defiantsnack000

@Flopbot

Thank you for the suggestion! This workaround is much appreciated