I don't seem to be able to setup a split on my recurring insurance payments. These are monthly transactions that include auto, home, RV and umbrella policies on a single payment to my insurance company. Am I missing something?
This Idea has been submitted to the Product Team for review!
Hi SimplifiBeta -- That's a great question! It appears that the actual recurring transaction reminder doesn't support split transactions. However, once the transaction has cleared and matched, you can add a split through the register.
I do agree -- being able to add a split to a recurring transaction reminder would be extremely helpful. I don't believe this to be on the road map currently, but if we receive enough demand for this feature, we can definitely re-evaluate. Thanks again for your feedback!
@seascorpio82 I've added a "vote" option to this discussion so you, and other users, can register your support for the feature. Thanks for your comments!
Yes. I would use this to split my mortgage payment into escrow, interest, and principal.
It does not appear that you can split a recurring transaction, which seems really strange. How do you set up regular in coming pay to go to different categories? This is possible on every other financial software, including the old desktop quicken. Simple things just don't seem that simple.
I figure I just must be missing something???
@scottnamo Thanks for your comment! There's an existing discussion where some of our other users have also asked for the ability to split recurring income. You can add your vote to this discussion to move that function up our priority list.
@MrGood My apologies. Currently, there is no way in Simplifi to match a recurring reminder to only one part of a split transaction, since a split acts as a record of how you classify parts of a transaction, and doesn't actually move funds. However, we welcome suggestions from our users on features and functions like this that they'd like to see implemented in Simplifi. I encourage you to post the idea in the Feedback section of this Community, which will also give other users a chance to "vote" on the suggestion, and move it up our priority list. Thanks for your comments!
Making “split” transactions separate and independent transactions, like Mint does, would be one way to address this issue. Then each portion of the split transaction could have its own category, tag, note, and recurring assignment.
This would also help solve some of the problems when exporting split transactions, like the loss of payee and tag data.
@bcrossman Thanks for that suggestion. You might want to start a new Feedback topic yourself on changes you'd like to see inhow Simplifi handles split transactions, if @MrGood doesn't beat you to it!
I split my incoming paychecks into the underlying components (e.g., gross pay, taxes, health insurance, 401k, etc...). However, I am unable to match a recurring transaction to an underlying split component of a downloaded transaction. For example, I have a recurring transaction for my gross pay but matching it to the downloaded split transaction wipes out the split details. Is there a way around this?
I split my paycheck into the various deductions (e.g., taxes, 401k, health insurance, life insurance, etc.). Is there a way to create recurring transactions for these types of items (e.g., taxes, 401k, etc...) and be able to "link" these to the underlying split paycheck components in the Spending Plan?
Currently, what I have been doing is entering recurring transactions for these but since I cannot link them to a split transaction, I merely just DELETE the reminder transaction. This way, at least my "Left to Spend" is accurate, though the split transactions will ultimately always show as discretionary spend (vs. ideally under 'bills & subscriptions').
@MrGood I've merged your most recent posts on this subject with an existing Feedback topic that includes other users' requests and comments about setting up recurring transaction reminders for parts of split transactions. I encourage you to cast your vote to add this option to Simplifi by checking the counter in the first post in this discussion. We appreciate your feedback!
I'd like to add my vote too.
@grichards I've gone ahead and merged this discussion with the one noted in the link in the previous message, to keep all of these comments in one place, but I've also updated the total on that discussion to include your vote. Thanks for your interest in Simplifi!
The ability to have reoccurring split transactions is needed. Having to write down the splits to enter them the next time (mortgage, loans, paycheck, etc. all have split categories) and remember where They are stored sort of defeats the purpose of the software.
I agree; it's a must to have a feature to streamline both recurring incomes and expenses and set line items to remove from reporting; for example, I have a recurring bill for a cell phone, which I share with my friend.