Overview

By design, Simplifi considers a Credit Card Payment to be neither an income nor an expense. Instead, Simplifi treats these as a 'Transfer' since you're simply moving funds from one account to another, and therefore excludes them from the Spending Plan by default. However, you can opt to include your Credit Card Payments in your Spending Plan with a simple setting!

How to Categorize a Credit Card Payment

There are a couple of different ways that Credit Card Payments can be categorized in Simplifi; you can use the built-in Category of "Credit Card Payment", or you can create a 'Linked Transfer' by using the name of the sending/receiving account as the Category of the transaction. Please click here for more details on using Transfers in Simplifi!

Include a Single Credit Card Payment in the Spending Plan

When including a single Credit Card Payment transaction in your Spending Plan, it will appear in the Other Spending section.

  1. Click the Menu icon (the three lines in the upper left corner).

  2. Select Accounts.

  3. Select the Account that has the transaction you'd like to include in the Spending Plan.

  4. Locate the transaction you'd like to include in the Spending Plan and click on it.

  5. Use the Ignore from Spending Plan toggle to disable it. Note: If enabled, you will also need to disable the Ignore from Reports option to include the transaction in the Spending Plan, as ignoring a transaction from Reports will also ignore it from the Spending Plan.

  6. Click Save when done.

Note: If the Credit Card Payment Transaction you're including in the Spending Plan is set up as a Recurring Bill, you'll see it in the Bills section instead of the Other Spending section.

Include a Recurring Credit Card Payment in the Spending Plan

When it comes to Recurring Credit Card Payments, these can also be set up the same way by using the built-in Category of "Credit Card Payment" for the Series, or you can use the name of the account that you're making the payment from as the Category of the Series. Regardless, the Ignore from Spending Plan option will be selected by default.

When these items are ignored from the Spending Plan, you will still see them in the Bills section, however, they will be grayed out, and they will be excluded from the Bills total. Additionally, you will see an including ignored total listed below the primary Bills total telling you your total including all of the ignored items:

You can also elect to have your Recurring Credit Card Payments included in your Spending Plan! When doing so, these items will still be available in the Bills section of the Spending Plan, but will also be included in the total for this section.

  1. Click the Menu icon (the three lines in the upper left corner).

  2. Select Settings and then Recurring Series.

  3. Locate the Recurring Credit Card Payment you'd like to include in the Spending Plan and click the three dots at the end of it.

  4. Select Edit Series.

  5. Expand the Advanced section and then use the Ignore from Spending Plan toggle to disable it. Note: If enabled, you will also need to disable the Ignore from Reports option to include the Recurring Series in the Spending Plan, as ignoring a Series from Reports will also ignore it from the Spending Plan.

  6. Click Save when done.

If you need assistance with how Credit Card Payments are handled in the Spending Plan, our Support Team is just one click away!

To learn about how Credit Card Payments are handled in the Spending Plan on the Simplifi Web App, please click here!

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