Overview
One of the key benefits of Quicken Simplifi is the ability to create Recurring Transactions to help you stay on top of your expected bills and income. But that’s not all! Quicken Simplifi can also project what your account balances will be before and after based on the Recurring Transactions you’ve created.
How Does it Work?
As you download transactions, Quicken 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 Bills & Payments view at the top of your account registers, or in the Bills & Payments section.
While we've worked hard to ensure that Quicken Simplifi's matching capabilities are top-notch, there may be times Quicken 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:
Locate the "Past" Reminder and click on it.
Select Link to Transaction.
Locate the transaction you'd like to link and click on it.
Click Apply.
Once linked, Quicken Simplifi will remove the Recurring Reminder from the Bills & Payments view and match it to the downloaded transaction. Linking transactions will also increase the odds that it will match correctly next time!
Managing Your Recurring Transactions
You can access and manage all of your Recurring Transaction Series by selecting Settings from the Menu icon, and then selecting Recurring Series. If you only want to see your upcoming Recurring Reminders, you can do so through the Bills & Payments section.
Create a Recurring Transaction
Do you have a Recurring Transaction that Quicken Simplifi didn’t find? No problem! You can create one directly from the Recurring Series section:
Click the Menu icon (the three lines in the upper left corner).
Select Settings and then Recurring Series.
Click the plus (+) button in the upper right.
Locate the transaction you'd like to make Recurring and click on it; Quicken Simplifi will create a Recurring Transaction using the Date, Payee, Amount, and Category of the selected transaction.
Note: If you need to make changes to the pre-filled data, you may do so by selecting Edit Series.
If you're unable to locate the Transaction you'd like to make Recurring, you can select Couldn't find? Add Manually. Be sure to complete all required fields and click Create to create the Recurring Transaction Series.
You can also create a Recurring Transaction through the Transaction View:
Click the Menu icon (the three lines in the upper left corner).
Select Accounts.
Select the account that has the transaction you'd like to make Recurring.
Locate the transaction you'd like to make Recurring and click on it.
Use the Mark as a bill or recurring toggle.
Select Create new recurring.
Ensure that the pre-filled data is correct and make any changes that are needed.
Click Create when done.
When going through the Transaction View to create a Recurring Transaction, you'll be given a few different options:
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 section of the Spending Plan.
Create new recurring – Quicken Simplifi will create a Recurring Transaction Series 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 recurring – This option is useful when a downloaded transaction didn’t properly match to a Recurring Reminder. Selecting this option will allow you to link the transaction to the Reminder, and will also increase the odds that it will match correctly next time.
Edit a Recurring Transaction
You can edit a specific instance of a Recurring Transaction (Reminder) through the Bills & Payments view at the top of your register:
Click the Menu icon (the three lines in the upper left corner).
Select Accounts.
Select the account that has the Reminder you'd like to edit.
Locate the Reminder you'd like to edit and click on it.
Select Edit Reminder.
Make the necessary changes and click Update when done.
If you need to make edits to an entire Recurring Transaction Series, you can do so through the Recurring Series section:
Click the Menu icon (the three lines in the upper left corner).
Select Settings and then Recurring Series.
Locate the Recurring Series you'd like to edit and click the three dots at the end of it.
Select Edit Series.
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 Bills & Payments view at the top of your register:
Click the Menu icon (the three lines in the upper left corner).
Select Accounts.
Select the account that has the Reminder you'd like to delete.
Locate the Reminder you'd like to delete and click on it.
Select Delete Reminder.
Click Delete to confirm.
If you need to delete an entire Recurring Transaction Series, you can do so through the Recurring Series section:
Click the Menu icon (the three lines in the upper left corner).
Select Settings and then Recurring Series.
Locate the Recurring Series you'd like to delete and click the three dots at the end of it.
Select Delete Series.
Click Delete to confirm.
End a Recurring Transaction
Ending a Recurring Transaction Series is a great option to use for loans that have been paid off, for services you're no longer using, etc. Using this option allows you to keep the historical data for the Recurring Series, but it will no longer be active.
Note: Ending a Recurring Transaction Series cannot be undone.
Click the Menu icon (the three lines in the upper left corner).
Select Settings and then Recurring Series.
Locate the Recurring Series you'd like to end and click the three dots at the end of it.
Select End Series.
Click End Series to confirm.
Note: Over time, Quicken 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 Bills & Payments 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, Quicken 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 select the transaction from the prior month, use the Mark as a bill or recurring toggle, and then select Mark as one-time bill. Once done, the Bill will be entered for the prior month!
To learn about Recurring Transactions on the Quicken Simplifi Web App, please click here!