Overview
A Transfer in Quicken Simplifi represents money moving between accounts. For example, you might transfer money from checking to savings or make a payment from your checking account toward a credit card.
Transfers are not income or expenses because they move money between accounts rather than adding or removing money from your overall finances.
Simplifi supports two types of transfers:
Linked Transfers: Connect the two transactions representing the movement of money between accounts.
Unlinked Transfers: Treat a transaction as a transfer without connecting it to another transaction.
Quicken Simplifi does not automatically include these transactions in the Spending Plan or Reports by default.
Note: If you want to include transfers to your Spending Plan on the mobile app, see our article on How Transfers Are Handled in the Spending Plan on the Mobile App.
Linked Transfers
A Linked Transfer connects the two transactions associated with a transfer between accounts. One transaction represents the money leaving one account, while the other represents the corresponding movement in the other account.
Simplifi can automatically identify and link transactions that appear to be transfers. If Simplifi doesn't identify a transfer correctly, you can manually link the transaction to the other account.
Tap the Menu (three lines), then tap Accounts.
Select the account containing the transfer.
Find and tap the transfer transaction.
If the Category field does not show the other account involved in the transfer, tap Category.
Tap Transfer at the top.
Select the account involved in the transfer, then tap Update.
To view the corresponding transaction in the other account, tap Go to the other side.
Unlinked Transfer
An Unlinked Transfer is a transaction that is categorized as a transfer but isn't connected to a corresponding transaction in another account.
Unlinked Transfers can be useful when you want to classify a transaction as a transfer without linking it to another account.
If you're looking for specific steps about using Transfers on the web app, please see our article on How Do Transfers Work?
If you have any questions about using Transfers in Quicken Simplifi, please don't hesitate to contact our support team!