Overview

Simplifi's Recurring Transaction feature makes organizing all of your bills and subscriptions a piece of cake! Recurring Transactions are your expected Bills and Income; when you connect your banks for the first time, Simplifi quickly analyzes your transactions and compiles a list of your Bills and Income, along with the frequency of each one.

Recurring Transactions give Simplifi the ability to predict your future balance and can take place weekly, bi-weekly, twice a month, monthly, every 2 months, quarterly, every 6 months, or yearly, so you can stay on top of your bills and have enough left over for the things that you enjoy!

How Does it Work?

As you download transactions, Simplifi searches for matches to your Recurring items and is designed to match transactions within a certain variance. You can see any Recurring Reminder that has yet to be matched in the Upcoming view at the top of your account registers, or in the Upcoming section.

While we've worked hard to ensure that Simplifi's matching capabilities are top-notch, there may be times that Simplifi doesn't match correctly. If you find a transaction downloaded, but the matching Recurring Reminder still shows "Past," you'll need to manually match your transaction:

  1. Click the three dots to the upper right of the "Past" Reminder.

  2. Select Link to transaction.

  3. Locate the matching transaction and click on it.

  4. Click Link.

Simplifi will remove the Recurring Reminder from the Upcoming view and match it to the downloaded transaction. Linking transactions also increases the odds that it will match correctly next time.


Managing Your Recurring Transactions

To access all of your Recurring Transactions, rather than just one Reminder, hover over the panel on the left-hand side and select Settings, and then select Recurring. If you only want to see the next 30 days of Recurring Transactions, you can do so through the Upcoming section.

Create a Recurring Transaction

Do you have a Recurring Transaction that Simplifi didn’t find? No problem! You can create one directly from the Recurring section:

  1. Hover over the panel on the left-hand side and select Settings.

  2. Select Recurring.

  3. Click the + Add button.

  4. Select the Transaction that you wish to make Recurring and click on it.

  5. Click Create.

If you're unable to locate the Transaction that you'd like to make Recurring, you can select Add Manually. Be sure to complete all required fields and click Create to save the Recurring Transaction.

You can also create a Recurring Transaction through the Transaction View:

  1. Hover over the panel on the left-hand side and select Transactions.

  2. Locate the Transaction that you'd like to make Recurring and click the three dots at the end of it.

  3. Select Mark as bill or recurring.

  4. Select Create a new recurring bill or subscription.

  5. Ensure that the pre-filled data is correct and make any changes that are needed.

  6. Click Create when done.

When going through the Transaction View to create a Recurring Transaction, you'll be given a few different options:

  • Create a new recurring bill or subscription – Simplifi will create a monthly Recurring Transaction for the same Payee, Date, Category, and Amount of the transaction; you'll be given the opportunity to make adjustments before saving.

  • Link to existing bill or subscription –This option is useful when a downloaded transaction didn’t properly match to a Recurring Transaction. Selecting this option will allow you to link the transaction to a Recurring Reminder, and will also increase the odds that it will match correctly next time.

  • Mark as one-time bill – Marking a transaction as one-time doesn’t create a Recurring Transaction, but it does ensure that this transaction is included in the Bills total in the Spending Plan.

Edit a Recurring Transaction

You can edit a specific instance of a Recurring Transaction (Reminder) through the Upcoming view at the top of your register:

  1. Hover over the panel on the left-hand side and select Transactions.

  2. Locate the Reminder that you'd like to edit and click the three dots to the upper right of it.

  3. Select Edit reminder.

  4. Make the necessary changes and click Update when done.

If you need to make edits to an entire Recurring Series, you can do so through the Recurring section:

  1. Hover over the panel on the left-hand side and select Settings.

  2. Select Recurring.

  3. Locate the Recurring Transaction that you'd like to edit and click the three dots at the end of it.

  4. Select Edit series.

  5. Make the necessary changes and click Update when done.

Delete a Recurring Transaction

You can delete a specific instance of a Recurring Transaction (Reminder) through the Upcoming view at the top of your register:

  1. Hover over the panel on the left-hand side and select Transactions.

  2. Locate the Reminder that you'd like to delete and click the three dots to the upper right of it.

  3. Select Delete reminder.

  4. Click Delete to confirm.

If you need to delete an entire Recurring Series, you can do so through the Recurring section:

  1. Hover over the panel on the left-hand side and select Settings.

  2. Select Recurring.

  3. Locate the Recurring Transaction that you'd like to delete and click the three dots at the end of it.

  4. Select Delete series.

  5. Click Delete to confirm.

End a Recurring Transaction

You can also End a Recurring Transaction Series by selecting End Series from the three-dot menu, and then selecting End Series to confirm. This is a great option to use for loans that have been paid off, or for services that you're no longer using, etc, as you can still keep the historical data for the Recurring Series, but it will no longer be active.

Note: Ending a Recurring Transaction Series cannot be undone.

Note: Over time, Simplifi will learn more and more about your Recurring Transactions, meaning less work for you in the future!


Frequently Asked Questions

Learn the answers to frequently asked questions for this topic!

What's the difference between Bills and Subscriptions?

When it comes to Bills versus Subscriptions, it's entirely up to you! However, we have some suggested uses available in our Support Article here.

What do the colored icons for Reminders mean?

The different colored Reminders make it super easy to determine what each item is for, such as blue for a Bill and green for Income. Check out our Support Article here for more details!

How do I skip a Recurring Reminder?

Currently, the best way to skip an instance of a Recurring Reminder is to delete that specific Reminder from the Upcoming view. Find out more here!

How do I enter a Bill for a prior month?

When creating a new Recurring Series through the Settings menu, Simplifi will only allow you to select the current or a future date. However, you can create a Bill for a past month from the transaction directly!

To do so, you'll want to locate the transaction from the prior month, select the three dots at the end of it, and then select Mark as bill or recurring. From here, you can select Create a new recurring bill or subscription or Mark as one-time bill, whichever applies. Once done, the Bill will be entered for the prior month!


To learn more about Recurring Transactions on the Simplifi Mobile App, please click here!

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