Add Ability to Include or Exclude Transfers on Budgets in Quicken for Mac (452 Legacy Votes)

smayer97

Please add the ability to choose whether to include or exclude transfers in budgets, like in other versions of Quicken.

At the moment, you can categorize transfers but they do not show up in budgets. This feature should also allow control of that and override it as needed.


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smayer97

You can also VOTE for the related feature to Include or Exclude Accounts on Budgets, here: 
https://getsatisfaction.com/quickencommunity/topics/add-ability-to-include-or-exclude-accounts-on-bu...

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Unknown

this is CRITICAL. Paying loans or even saving for a major expense via a monthly transfer is a HUGE part of an individual's cash flow budget. Transfers should  be included.

And yes, I voted. :-)

jacobs

This feature, when implemented, must be flexible enough to enable/disable transfer from the budget on an account-by-account basis. (Since being able to select accounts for budgets is a feature request Quicken has not yet implemented, I suspect it's why including/'excluding transfers has also not yet been implemented.) Here's why: a transfer to pay your credit card bill should NOT be included int he budget, because you already have all the individual expense transactions in your credit account reflected in the budget. But a transfer to pay down a loan SHOULD be included i your budget, since it's money coming out of your cash flow every month. And you might want the option to include transfers to a retirement or non-retirement savings account in your budget, too, if you set a plan for savings and want to make sure you stick to it. So making ALL transfers show up in the budget won't work; it has to be implemented so it can be done on an account-by-account basis.

Unknown

I am so glad to see this post as I am trying (again) to migrate from Quicken for Windows to Quicken for Mac. Every effort to this point has been a complete disappointment and I have ended up continuing to use the Windows versions. Really tired of maintaining a Windows virtual machine on my Mac for the sole purpose of running Quicken. So here I am again trying with the latest iteration of Quicken for Mac. It is definitely an improvement on previous versions but the inability to track transfers in categories (despite the fact that the Quicken Help section indicates that you can) is a significant liability. There is no provision for tracking savings in a budget and at least tracking transfers to brokerage or other savings account in the budget would be a good start. Changing the category of a transfer (linked or otherwise) does not make it appear in either category reports or the budget. Please implement this feature. It seems from Quicken's own help file that it was intended to function this way but clearly it does not as I have tried over and over again to modify existing transfer transactions or set up new ones. Nothing shows up as anything but "Other Transactions: Transfers between accounts" at the bottom of category reports which do not appear in budgets or other reports.

And yes, I voted.

smayer97

I also highly recommend that you browse through the IDEAS section of this forum and VOTE for the request of each of the missing features to be added back into Quicken for Mac....to help direct the priorities of the developers.

To do that, I suggest you read this FAQ on how to filter the IDEAS to just show the ones for the Mac version, then VOTE to your heart's content:
https://getsatisfaction.com/quickencommunity/topics/quicken-getsat-faq-how-to-filter-conversations-d...

The following are some of the many feature requests you will find:

• List of Requests for Report Types
• List of Requests for Report Related Features
  
• Restore Transactions Downloading Acceptance and Matching workflow 
• List of Requests for Reconciliation Process
• List of Requests for Bill Reminders (aka Scheduled Transactions) and Graph Features (aka Cash Flow Forecast or Projected Balance)
  
• Add QuickMath functionality
  
• Loan Amortization
  
• List of Requests Related to Investments
• True multi-currency conversion support
• List of Requests Related to Budgets
  
• List of Requests for Data Entry and Usability Options and Features
  
• List of Requests for User Interface Options and Features
  

and many others.

Click on each link above, then be sure to scroll down each page, as some contain lists of related features. Then VOTE on EACH IDEA separately that you are interested in.

If you do not click VOTE at the top of the page of each feature, your vote will NOT be counted for THAT specific feature!


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Unknown

I just migrated from Windows to Mac and this is a showstopper for me.  I now have to keep my old Windows laptop just for running Quicken so I can manage my cash flow in Budgets.  Mac team, please include this feature ASAP.

jacobs

I just migrated from Windows to Mac and this is a showstopper for me.  I now have to keep my old Windows laptop just for running Quicken so I can manage my cash flow in Budgets.  Mac team, please include this feature ASAP.

Jeff, please take a minute to go to quicken.com/mac/feedback to enter your comment in the "Something not listed? Tell us" box. The more people they hear from asking for this, and especially the pain it's causing users, the higher it moves on their development priority list.

Wendell Smith

How can Quicken for Mac omit a loan transfer in a budget? If you transfer a mortgage loan payment, there is no way to track that in a budget? 
How useful is a budget if it does not reflect your cashflow? 
I just discovered this as I was finishing my conversion to Quicken for Mac 2017 from Quicken Windows. And now it is refund time. 

Unknown

Please add the capacity to budget payments to assets and liability accounts, not only to income and expense accounts

This reply was created from a merged topic originally titled Please add the capacity to budget payments to assets and liability accounts, not ....

slhcrnp

This reply was created from a merged topic originally titled To merge with idea.


Yes I would like to be able to add "TRANSFERS" as Budget categories just as I can in the Windows version (I have both for now until MAC is completely acceptable).  This allows the values of the principle mortgage  and car loan payments to be seen so my "money left over" is accurate after all other income/expenses are summarized.  THANK YOU!!!

Note: This conversation was created from a reply on: Please add the capacity to budget payments to assets and liability accounts, not ....

smayer97

You can also VOTE for the related feature to Include or Exclude Accounts on Budgets, here: 
https://getsatisfaction.com/quickencommunity/topics/add-ability-to-include-or-exclude-accounts-on-bu...

Be sure to click on the link above to go there, then click VOTE at the top of THAT page to increase the count and therefore its visibility to the developers.

If you do not click VOTE at the top of each one, your vote will NOT be counted!

(If you find this reply helpful, please be sure to click "Like", so others will know, thanks.)

 

A rare statement confirming that "support for transfers in a budget... [is] definitely on our long-term roadmap..." (see here) 

(If you find this reply helpful, please be sure to click "Like", so others will know, thanks.)

jacobs

You can also VOTE for the related feature to Include or Exclude Accounts on Budgets, here: 
https://getsatisfaction.com/quickencommunity/topics/add-ability-to-include-or-exclude-accounts-on-bu...

Be sure to click on the link above to go there, then click VOTE at the top of THAT page to increase the count and therefore its visibility to the developers.

If you do not click VOTE at the top of each one, your vote will NOT be counted!

(If you find this reply helpful, please be sure to click "Like", so others will know, thanks.)

 

Rare Marcus postings in that thread, and the very much rarer statement on future plans -- both quite welcome!

The "long-term" qualifier doesn't provide much hope that this is going to be coming in one of the next few monthly updates, however. But it's huge that the need has been acknowledged, validated and accepted by the developers as something they need to do down the road.

Steve Canham

Right, I need to be able to include income distributions from my IRA to my Checking account, which are entered as "transfers".  Without this ability, the Budget feature in Quicken for Mac 17 is useless.

Wendell Smith

Right, I need to be able to include income distributions from my IRA to my Checking account, which are entered as "transfers".  Without this ability, the Budget feature in Quicken for Mac 17 is useless.

This capability is so fundamental to budgeting that I can't believe Quicken for Mac 2017 lists budgeting as a feature. I'm reminded of Jon Lovitz on SNL: "Yeah, we can do budgets, that's the ticket!"

Unknown

This is awful, we just purchased Quicken for Mac 2017 and not having the ability to track credit card payments and other transfers in the budget is not helpful for managing money and is a deal breaker for us. Hope this is fixed soon.

Unknown

Transfers should have the ability to show up in the budget. I understand that the money going from one's paycheck into a savings account does not change one's net worth. However, when that transfer goes from checking to pay off "DEBT" such as a HELOC which shows up under "DEBT", it should also be able to show up in the budget. Paying off a HELOC is paying off a debt. Paying off a debt is an expense that comes out of our checking. To most people, there is not difference between that and paying their utility bills. It should at least be an option to include transfers in the budget.

Unknown

I got a survey from quicken and in it was if I would recommend this to others. I left a note saying I would not because of the transfer not showing up in budgets easily.

Unknown

Voted - I relied heavily on this feature in the Windows version and am devastated to find it isn't included in the Mac version. This is a basic budgetary function and is essential.

Unknown

I'm having the same issue. And it's messing up my budget. I added a savings item in my budget (in my case, $1400 per month to my two kid's 529 plans). When I transfer the $1400 to the 529 plans from my checking account, the "Actual" amount for that month in the Budget analysis shows as $0, because, as noted above, transfers out of my checking account and into my 529 plans is a zero sum transfer.

I tried to solve this issue by going into the 529 plans' Settings and selecting "Exclude from Reports" so that the deposit into the 529 plan no longer show up in the reports leaving only the withdrawal from the checking account to appear. It should have worked, but it didn't. The "Actual" amount in the Budget analysis page still shows $0, However, when I click to see the transactions amounting to $0, the transactions are $1400! So, it worked when you drill into the number, but it didn't work in the overall summary page. This seems more like a bug, because I specifically requested to exclude the 529 account from this report, yet it's still being included in the Budget analysis page, but not when drilling into the specifics of the number. All Quicken has to do is to have the Budget analysis page to properly exclude the accounts which were marked to be excluded.

Unknown

This feature, when implemented, must be flexible enough to enable/disable transfer from the budget on an account-by-account basis. (Since being able to select accounts for budgets is a feature request Quicken has not yet implemented, I suspect it's why including/'excluding transfers has also not yet been implemented.) Here's why: a transfer to pay your credit card bill should NOT be included int he budget, because you already have all the individual expense transactions in your credit account reflected in the budget. But a transfer to pay down a loan SHOULD be included i your budget, since it's money coming out of your cash flow every month. And you might want the option to include transfers to a retirement or non-retirement savings account in your budget, too, if you set a plan for savings and want to make sure you stick to it. So making ALL transfers show up in the budget won't work; it has to be implemented so it can be done on an account-by-account basis.

Yes, exactly!  Thank You...  This has been an issue for a long time.  Thanks again!

Unknown

I need this too.  Doesn't make sense that it is not capable of doing this.  Has anyone come up with a work around to track  mortgage payments?

Wendell Smith

Unfortunately, the only workaround for me was to abandon my use of Quicken for Mac, get a refund, and return to using Quicken for Windows in a Mac VM. 

plaklm4504

Unfortunately, the only workaround for me was to abandon my use of Quicken for Mac, get a refund, and return to using Quicken for Windows in a Mac VM. 

Same here.  However, I will keep hoping...

Unknown

Here is how I handled it with a go around.

1: I created a new dummy cash account titled "IRA Cash Income" which I keep hidden from the accounts list on the lefthand side of my screen from all the other accounts. I also don't include this account in any reports.This is the account I have my IRA transfer all payments to, which is a automatic deposit from my breakage to my checking account.

2: I then treat the payment like a check I would of received in the mail, which I would deposit in my checking account. By doing this I can pick the category  in my budget that I want it to be attached to, I my case "IRA income", which is also included in my budget as income.

Works for me, but yes quicken for mac's need to add the ability to include or exclude transfers.

Unknown

Good workaround.  Here is mine for use on Quicken windows.  Yes, Quicken Windows, where I can have transfers in my budget.  Why wouldn't I just use a transfer in my budget?  Because it doesn't work.

There is a presumption if you are going to include say a transfer out or maybe into a given account.  And that is, that is the only kind of transaction you are going to transfer (in or out) of that given account.  That is rarely the case.  In the case of paying your mortgage, that works.

No sooner had I set this up in my budget and got my first transaction of that kind, did it fail for me.

OK the transfer goes from my IRA to my checking account.  It certainly can't a transfer into my checking account that I track in my budget (too many other transfers into that account).

So of course I picked a transfer out of my IRA to track in my budget.  But just about that time I realized I wanted to transfer some money from that IRA to another.  Guess what that is a transfer out!  Note that there isn't any syntax to say "track the transfer from account A to account B only".  And even with that there would be possibilities that you might transfer money for another purpose even between the same accounts.

So here is my way of doing it, this the reminder I setup (for entry into my checking account)


First line of split transfer money from IRA.
Second line of split remove it (balance adjustment) from the checking account).
Third line record a deposit with the correct category.  IRA Income is set to the proper tax line, and can be used in my budget.  And no matter whatever other transfers/transactions I do in either accounts, this one will be what I want.

Unknown

This feature, when implemented, must be flexible enough to enable/disable transfer from the budget on an account-by-account basis. (Since being able to select accounts for budgets is a feature request Quicken has not yet implemented, I suspect it's why including/'excluding transfers has also not yet been implemented.) Here's why: a transfer to pay your credit card bill should NOT be included int he budget, because you already have all the individual expense transactions in your credit account reflected in the budget. But a transfer to pay down a loan SHOULD be included i your budget, since it's money coming out of your cash flow every month. And you might want the option to include transfers to a retirement or non-retirement savings account in your budget, too, if you set a plan for savings and want to make sure you stick to it. So making ALL transfers show up in the budget won't work; it has to be implemented so it can be done on an account-by-account basis.

PLEASE PLEASE PLEASE listen to Jacobs here and put this feature into an update very soon. Honestly, my budget is completely inaccurate in the way of helping me understand my cash flow since I can't include the pay off of a loan that was issued as a credit card account. I make payments out of my checking account each month to pay down this loan so my budget needs to reflect the loss of funds so my total income - expenses each month is real. I was a long time user of the Windows versions and this has been a very disappointing transition. I expected a simpler product, but it's been devoid of some very fundamental capabilities that has been very frustrating.

Unknown

This feature is CRITICAL to using Quicken as a full-featured budgeting software. If I am putting my money towards savings then it needs to show up in the Budget! 

Why is the Quicken for Mac budgeting software not useable like every other budget software? It should simply allow me to allot my money as I want! 

Please update this

Unknown

Agreed.  I'm limping along on my Windows machine until this feature is added.

mattyv123

Agreed, this is pretty much the last thing I need to have all of my budgets and accounts worked out on Quicken for Mac.  The new(-ish) loans feature has been awesome, but its ultimate utility is significantly reduced if I can't see payments to my loans in my monthly budget!

I hope that this is something the team can add "easily" as all of the underpinnings to support this are there already for other account types.

smayer97

How can Quicken for Mac omit a loan transfer in a budget? If you transfer a mortgage loan payment, there is no way to track that in a budget? 
How useful is a budget if it does not reflect your cashflow? 
I just discovered this as I was finishing my conversion to Quicken for Mac 2017 from Quicken Windows. And now it is refund time. 

Great news (second person to confirm this)...can you confirm...are you using HFS+ or APFS?