Split transactions should be treated as separate transactions (2 Merged Votes)

Hello Simplifi Dev Team,

I hope this message finds you well. As a dedicated user who has recently made the switch from Mint.com, I am thrilled with the overall experience Simplifi provides. The import of my transaction history from Mint played a pivotal role in my decision to move to Simplifi, and I'm excited about the potential Simplifi holds.

However, there's a critical feature that I urgently believe needs attention - the SPLIT TRANSACTION functionality. As an avid user of this feature on Mint.com, I was delighted to find it supported in Simplifi. Unfortunately, upon closer inspection, I've discovered that the current state of the split feature falls short of its potential.

The primary issue lies in the limited options provided during a split transaction. Specifically, I miss the ability to:

Add Separate Payee: Often, when making a retail purchase with numerous items in the same transaction (e.g., a Costco shopping spree), I like to split out items for better tracking. However, in Simplifi, I cannot assign separate payees to these split portions, which is crucial for accurate record-keeping.

Include Notes: Another valuable aspect of split transactions for me is the ability to attach notes to each split, providing additional context or details. Unfortunately, Simplifi's current state doesn't allow me to include specific notes for each split, making it challenging to remember the details later.

Track Refunds: In situations where I might need to return specific items from a larger transaction, having the ability to track refunds for individual splits would be immensely helpful. As of now, this option is missing from the split feature.

I believe these enhancements would significantly improve the utility of the split transaction feature in Simplifi. I understand that development timelines and priorities can be challenging, but I wanted to bring this to your attention as it directly impacts my day-to-day use of the app.

I'm confident that implementing these improvements would not only benefit me but many others who rely on detailed financial tracking, especially during complex transactions.

Thank you for your time and consideration. I look forward to the continued evolution of Simplifi.

Is there a way to know when can we expect this feature to appear on the Simplifi platform?

Thank you!

Seeing "split" as the category description for a transaction give no useful information until you click on the transaction. Also in Planned spending the full value of the split transaction is shown even though the appropriate amount is added to the total. This is confusing.

Please fix this feature. When I choose to split a charge in my account I want it to be treated as 2 separate transactions like in Mint.

Ex. I have roommates and pay the total rent with them paying me back. I want to split that rent charge into my portion and categorize as rent. Then I want the remainder to be completely separate so that I can categorize it and remove from spending plans and reports. Right now I can split and categorize but it shows the full amount of the check in my transactions and spending plan.

Also, if Simplifi could implement a system for one person paying the bill and then getting Venmo’s for others portions that would make this the top budgeting app.

Honorable mention - eliminate pending charges and posted charges duplication. Just have as pending until the bank notifies as posted 🤷‍♂️

Splitting as actual transactions would that allow to Exclude from Spending Plan is also needed. eg I have a Gifts Saving Goal. I split a transaction, then later want to exclude Gifts as its part of my Saving Goal, I can't do this unless its allows me to "exclude" it. At the moment, "exclude" excludes the entire transaction and not the individual split.

My take:
Mint separated them but showed a symbol for each transactions indicating it had been split. I think that’s the best PLUS a list inside the transaction that states the other transaction(s) it was initially split from. That way, if the transactions aren’t next to each other so it’s not obvious, one can still find the initial transaction (if a user chooses to modify the dates, make other edits, etc.).

I just want to chime in to voice my support! My therapist charges me once every few months and it creates really lumpy looking trends!

I would like the flexibility to split a single transaction between to months within the “Split Transaction” feature. For example, I pay my housekeeper and babysitter for the week on Fridays. When the week ends in a different month than it started, the payment covers some days in one month and some days in the month following. For example, February 2024 ends on Thursday, February 29, and Friday is March 1, 2024. So my payment to both, my housekeeper and babysitter, covers 4 days in February (Mon-Thurs) and 1 day in March (Fri). Currently, I have to choose to allocate the entire payment to a single month, either February or March. The ability to split the payment between two months would provide a more accurate picture of my spending. Almost every month ends mid-week, so this is a recurring issue for me. The issue is greater when the month ends on a Tuesday or Wednesday because a larger portion of the payment is allocated to the wrong month. Thanks for your consideration.

it’s not different if treating splits as separate transactions allows you to enter a different date for each split. But currently, you can’t put a different date to each split.

The reason I don’t set up a weekly recurring bill for these is because I pay them manually and don’t always do it on Fridays; sometimes I’ll send payment the following week on, say, Monday for example. But it doesn’t really matter if the entire week of the incurred expense is within the same month, because even if the payment is sent the next month, I can always manually backdate the expense for it to be included in the month that the expenses were incurred. Where it becomes an issue is when the payment covers expenses incurred on days within two separate months.

Having the cash available on the day you are paying vs. tracking which days of service you are paying/incurring the expense is essentially cash basis vs. accrual basis. Some would rather track on a cash and others would rather track on an accrual basis. I do a mix of both. It’s a lot easier for me to plan out my spending for a given month with the knowledge of what I will incur. It also allows my spending to be more consistent. For example, when I pay my housekeeper and babysitter on Friday, Mar. 1, the entire expense will be in March so March will end with 5 full weeks of such expenses, reflecting much higher than actual spending those areas.

Hope this makes sense.