Using splits (multiple categories) in Recurring Transactions (4 Merged Votes)

For those having regular transactions with split categories like a Paycheck with taxes, health insurance, 401k withholdings/deposits, we need the ability to create a recurring income transaction with the Gross paycheck amount, split categories to track the deductions, then finally the net income after deductions assigned to its own income category.

Furthermore, the income report in Simplifi needs to report the 'net' amount of income actually received after deductions rather than the GROSS amount which it does now. It is the net income amount which is the category spend is calculated to create an accurate set of derivative income vs. expense reports. GROSS income should not be used for this purpose and reported only when specifically asked for as an inclusion on a report for calculating tax % paid and other related ratios.

I have the same issue. In this case it’s because my car insurance and home insurance come together on the same bill. [removed] allows you to do a split in recurring transactions.

Count me in as another one who really wants this feature. My own use case: I have an iPhone that I'm financing with Boost Infinite. I get one bill from Boost, but the bill is for two items: a payment on the phone and service for the phone. Compared to many of the other cases I've read about here, this is a pretty minor nuisance, so I would hope that Quicken is working on the problem.

Quicken

Please add this feature ASAP. This is a no-brainer for being a must improvement for the software.

I can think of many reasons why this is an essential feature. Indeed, I assumed it was available but I was just having trouble finding it! One example is to allow tracking of taxes deducted from paychecks or pensions for folks who may have to supplement that with estimated tax payments. Or deductions for medical insurance to have that for income tax filing. Please add this feature.

@Coach Natalie per the thread, this feature request was submitted to the product team for review back in 2022. Could you share any updates on this long outstanding request? Thanks!

I would LOVE the ability to split by percent or by amount. For example I have an insurance bill in my spending plan that does vary a bit from time to time. I think that the transaction should be Auto: 80% and Home: 20% and when the transaction posts, Simplifi would assign into the categories by percent. I lose the exact bill to the penny for the convenience of a hands off simple approach, but this is good enough for my lifestyle and reporting.

Insurance Draft
Category Split By Percent:
Home: 20%
Auto: 80%

It is frustrating that split transactions have to been done manually. It's a time waster that Quicken did automatically. Why would this be hard? Please add.

I, too, would like to be able to split categories for recurring income and expense items.

This discussion would probably not still be open to comments if Simplifi was not considering the idea. But the backlog is huge, and things have to be prioritized. Right now I would imagine the main focus is on a handful of ideas to get as many people from the Mint exodus as possible, and there are features they've indicated are a higher priority, such as rollovers (which is a HUGE bit of engineering complexity), than this one.

I just moved over from Mint and find Simplifi to be so much easier: thankyou!!! — the ONE THING I still need is this topic:

= sett up to automatically split identical regular paychecks/deductions for each deposit

I would also like to see this.

@wsmith00 I would be very surprised if this was not expected to be implemented. Unfortunately, nonsense like rollovers has been the priority since Mint shut down.