Will quicken simplify do automated reconciliations of linked personal bank and credit card accounts,

Hi,

Simplifi doesn't reconcile like Quicken Classic. It downloads transactions and updates the balance that the banks give it. It then subtracts any pending transactions from the posted balance to display your current balance. So there is no need to do standard reconciliation. Your balance should always be correct. In this regard, it works similarly to how Mint used to work.

You will probably be able to connect most of your accounts including your Investment accounts to keep up with your net worth and know your balances. All your transactions should download into Simplifi.

Be aware that Simplifi does not have all the bells and whistles that, say Quicken Classic has, especially regarding Investments. Again, it will download the new transactions and update the balances. But Simplifi will not take investment transactions into account when displaying those balance.

Investment transactions will be ignored in most reports unless you explicitly change them to payments or deposits and tell Simplifi to include them in Reports and/or the Spending Plan.

The Spending Plan is the biggest difference between Simplifi and most other accounting apps. It replaces budgeting. If you want to know more about how it works, just ask.

This is just a quick rundown. If Simplifi sounds promising for your needs, ask more questions or peruse the support documents below.

https://support.simplifi.quicken.com/en/