Split transactions for income the same each month

Jeeves
Jeeves Member
edited September 22 in Bills and Income

I'm retired and have several sources of income. Each one of them are for the same amount month over month. They each have their own deductions such as medical insurance premiums, federal and state taxes. How can I set up split transactions that are remembered by simplifi so I don't have to go through the same split transaction entries every month?

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  • SRC54
    SRC54 Superuser ✭✭✭✭✭
    edited August 23 Answer ✓

    I'm afraid that you cannot. Recurring transactions still do not support splits. So we are forced each month to split them and then link them to the recurring income (if it hadn't already but it's iffy since the income amount and the net amount will be different). There is a request for this feature and it has a lot of votes. It has been submitted for review.

    https://community.simplifimoney.com/discussion/98/using-splits-multiple-categories-in-recurring-transactions-4-merged-votes

    Edit: By the way I learned a trick in the Spending Plan to get Withholdings (the Insurance and/or Federal Tax) in the subscriptions list, which is to link the deposit to the subscription reminder rather than the income reminder. The income will then show in income and taxes and insurance will show in subscriptions.

    The drawback is that you will have to do this manually and then delete the income reminder since it was superseded by the subscription link.

    Steve
    Quicken Simplifi (Safari & iOS) Since 2021
    Quicken Classic (MacOS) Since 2009
    MS Money (1991-2009) and Dollars & Sense (1987-1991)

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