Accounting for Rolled Over Planned Spending Cash

DannyB

Feature:

If it's at all possible, develop a way to "see" how much of a given account's balance is designated for future spending via rollover and where my rollover cash is being held. I'm thinking of something along the lines of the way Savings Goals track funds in Quicken Simplifi.

Rationale:

I find the way the Savings Goals feature in Quicken Simplifi shows me how much I have saved to date and where that cash if held in my various bank accounts. When I contribute to a Savings Goal I have to choose the account I contributing from. Then QS shows that cash as set aside in the accounts list and on the "By account" tap in the Goals module I can see the amount of the current balance in an account is designated, what it is designated for and how much remains undesignated.

This is not the case for the new currently being rolled out Planned Spending rollover feature. I can see in the Planned Spending rollover activated category how much I have available with rollover, but I don't have any way to know which account that cash is held in nor am I able to see in the accounts list just what part of the balance is set aside or designated for specific expenses or expense categories and is not available for spending.

Granted, I can see what I have available to spend in the monthly Spending Plan, but I am no longer able to see that a certain amount of my actual account balance is NOT available to spend in general because those funds have been designated for specific expenses in my Spending Plan.

insanenutman

When contributing to a goal, Simplifi opens a dialogue with a picklist of all accounts, displaying the balance next to each account. If the balance is zero, Simplifi prevents users from contributing to that goal with that account.

Now, with the option to rollover funds in planned spending, rolling over is similar to a savings goal in that leftover funds are held until later. For example, if I budget $200 for gifts in May but only spend $50, the remaining $150 rolls over to June. I want to ensure that this $150 isn't also inadvertently contributed to a savings goal.

Currently, the workaround is to create a new savings goal named 'Rollover amounts,' sum all rolled over amounts, and set that aside in the goal. This way, I avoid using that account balance for any other goal.

tazelahy

I'm new to the party so if this has been brought up already, please accept my apology.

I'm coming from another application where you can plan ahead with funding items. Getting up to speed in Simplifi, I have setup a lot of my Planned Spending items to have rollover enabled. I notice in the Account list when you have a goal setup, the account can be broken down into "Savings Goals" and "Available Balance." I would like to see if you could implement a "Rollover" section of the breakdown that would affect the AB bucket.

How this could be implemented is in your planned spending series, when you create a new expense and enable roll over, the opening roll over will let you choose your accounts like a split transaction in case your roll over is funded from multiple accounts. If you need to move money around in accounts like savings to checking or just in general for how you fund your roll over, you can go into change rollover amount and adjust that split of rollover and setup the split as needed or just have it all from one account.

Honestly, speaking of setting up a split amount at initialization, can that be added to the Goals.

I see that @DannyB brought up something about the roll over funds not to long ago. I'm not sure if this is something similar to his though.

Thank you.