Splits in Recurring & Other Splits Enhancements: Share your feedback here!

I didn't quite understand the need for this feature until I started recording my mortgage payment both as a "transfer" to principal balance as well as an "escrow and interest" payment. This is set up, and I will see how well it works this month.

One question I have is how this is treated in my spending plan. Currently, my recurring bills is set up to recognize the mortgage expense as a combination of principal+interest/escrow. However, on my spending plan, only the interest/escrow appears. I understand why this happens in theory. The principal payment is merely a transfer that pays down the total mortgage principal. However, for my spending plan, the principal payment is still money I need to deduct from my overall monthly budget. It's money I am setting aside from liquid to non-liquid.

I suppose this could apply to any loan payment on the spending plan.

@DryHeat

What I was finding was that if you had a series, and you wanted to split transactions in that series, the new update meant all transactions would have to follow the same “series split breakdown”. I couldn’t have one transaction in the series split in one manner, and another transaction in the series split a different way. Whereas before, every transaction in a series was manually split every time. My problem was that almost all my series splits are different amounts and sometimes different categories, so being forced into a set “series split structure” was useless and actually removed my ability to use the split feature the way I needed to. When I checked today, I seemed to be able to split differently again, so I’m not sure if they updated the feature. But I’m happy again :)

I think there is a possible bug in the app version.... When I entered my split for the car loan for June, the May split disappeared from the account register. And then I found the transaction in the checking and redid the split, May showed up and June disappeared.

Possible Bug or Unintended Treatment

I have tested over the last several weeks and have confirmed the following related to using the multi-split reminder tool. Due to the sensitive nature of the income I don't want to post screenshots on here, but can provide to the Helpdesk at their request.

For a paycheck split, prior to the pay date (date of the reminder), the "Spending Plan" in the "Income" section net's the gross income and all expenses / transfers. This reflects correctly prior to any pay dates. After the pay date and the reminder becomes an active transaction the "Income" section no longer net's out the income from the paycheck. The spending plan then shows the gross income in the "Income" section. Expenses in the "Other Spend" section and it includes all transfers in the "Excluded this month" section of the "Bills" area. By excluding the transfers, the spending plan then has an excess available which throws off the budget.

I can see that the next paycheck (reminder) is still the net of the income and expenses/transfers and therefore is being treated correctly.

What do I need to perform so that this works without intervention?

As a work around, once the (reminder)/ pay date occurs, I can go into the "Bills" section of the "Spending Plan" and I can change the exclusion treatment for the transfers so that my budget will balance out, but I would love to have a method that I don't need to remember to go in and fix each pay period.

In short, I feel like the (Reminder) works correctly prior to the pay date, but that once the transaction occurs the split is then treated differently in the "Spending Plan".

Thanks. How do you get the income to show as "Gross" as the spending plan naturally nets out the split transaction for the "income" reminder?

Thank you. This is at least a step in the right direction. Hopefully at some point they can add an enhancement to treat the transfers properly. I believe the goal of Simplifi is to simplify finances. If you have to remember to go in and fix things then it isn't very simplified. That said, the Split Reminder tool is a welcome addition!

These are transfers

There are 3 transfers:

1. 401a
2. 457b
3. Flex Spending liability account. (I have a liability and a benefit account. Spending comes from the benefit account. The liability is paid by part of my paycheck each pay period. Ultimately paying off the liability by the end of the year.)

For the 401a and 457b if they are not netted out from the income or not included in the "transfers" part of the spending plan, then when the gross salary is recorded in the "income" section of the spending plan too much spending would be available as it would not be taking into consideration the retirement transfers which have to be deducted.