Income & Expense as Sankey Chart
The current doughnuts charts for expenses is way too simplistic and useless. The one in "Spending Category" card, or the bar charts of old. It doesn't allow for analyzing sub categories.
Idea: Introduce Sankey chart for Income & Expense. Both to replace the card in "Home > Spending by Categiory", and in Income & Expense reports.
I include this great example below, created by Visual Capitalists for businesses' NIS.
In Quicken, the Sankey chart should be collapsible and expandable. Start with just two bars in the middle, income & expense, then with +/- controls expand one level down the categories hierarchy to either side (left or right), each of Income and Expense into subcategories.
The beauty of the Sankey charts is that is allows to visually depict proportions for multiple levels of a tree-like data structure.
More examples here:
Comments
-
I absolutely love this idea, and in fact, have a recent love affair with sankey charts. I made this one (removed amounts so its just relative) to give a review of family finances at the end of the year when prepping for tax season. I'm iterating on the idea and making another for monthly cash flow.
METHOD:
Currently I export a expenses report from all accounts broken down by Tag and then Category (not sub category). Then I augment the data with incomes, including available credit and loans. These collectively go into "funds" or "budget" in the middle and then split out into the tags, then categories.
Once the data is collected, hop over to and paste the data into the box, adjust the page size to 2750 x 2125 and poof.
It helps my brain.
It would be sublime to be able to generate these on-demand.
3 -
Indeed we could have this for
- P&L
- Cash-Flow
- Balance/Sheet (Assets & Liabilities)
Hope more Quicken users will upvote this proposal!
3 -
I was looking at Sankey charts the other day, and thought that would make a great chart for Quicken to add to depict income streams and expense outflows in a very impactful way.
3 -
Question for Quicken developers, is Quicken considering the use of Sankey charts for income/expense reporting?
3 -
Sankey charts are going viral for tracking expenses on social media. Quicken could get quite the marketing boost if people start posting their Sankeys on reddit (like for Monarch).
3 -
Is there any further thought from the Quicken development team to upgrade their report graphics?
A Sankey chart to see various income streams vs expense streams would be a useful and great enhancement.
1 -
Is there any further thought from the Quicken development team to upgrade their report graphics?
@Jeff76 I obviously can't speak for the Quicken development team, but I'd note that they never post directly on this forum. The only information we get from them is when Idea threads like this change status, first to Under Consideration, and then to either Planned or Not Planned. But this Idea thread currently has received only 9 votes, which means it has not yet been forwarded to the development team for consideration; a Quicken Mac Idea needs to reach 30 votes for that.
That said, it doesn't mean that the development team doesn't have and implement their own ideas about how to improve the program. There is a different Idea thread requesting the ability to create charts as well as reports, and that Idea is a "Planned" status. So it's possible when they implement what they are planning for reports, depending on what the code libraries they use offer, they might offer multiple types of reports. You might want to add a comment asking for Sankey charts in that thread; the developers will often read the comments in an Idea thread when implementing a new feature.
Also, there's another Idea thread seeking "More Graphs and Graph types for Q Mac" which encompasses snaky and other typers of charts. That Idea thread is up to 22 votes, so you might want to add your vote and comments to that thread, as it might reach the critical 30 votes to be forwarded to the developers for consideration sooner than this one.
Quicken Mac Subscription • Quicken user since 19933 -
A Sankey chart would be a valuable tool to visualize money flow in the budgeting process and in reports. An example is attached:
1 -
Hello @bd1223,
Thank you for coming to the Community to provide your feedback. I merged your post with the existing feature request.
Thank you!
Quicken Kristina
Make sure to sign up for the email digest to see a round up of your top posts.
0 -
Did this ever get considered by the Quicken dev team. This feature is something I have seen on competing products, and honestly it such a good visual, it would certainly tempt me to use them. Maybe it could even just be done on Quicken on the Web, but native would be better.
1 -
Hello @Zoolook,
Thank you for sharing your feedback. This hasn't been considered yet because it hasn't gotten enough votes. Once it has enough votes, it will be forwarded for consideration.
Thank you!
Quicken Kristina
Make sure to sign up for the email digest to see a round up of your top posts.
0 -
I think if users saw a Sankey chart of their income streams in and expense streams out, they would be impressed by how quickly it summarizes their financial situation in visually powerful way. It's a perfect commercial of why someone would want to use Quicken.
0 -
I see these on social media often these days. What a beautiful way to show income and expenses and easily target areas for improvement.
1 -
+1 for sankey
0 -
Another vote for Sankey! Considering switching to monarch just for this
0 -
Sankey charts are the perfect way to show income and expense streams at a glance. I'm still hoping the Quicken dev team explores this option.
0 -
To vote on an existing Idea, go to the first post in the discussion and click on the little up arrow below the vote count in the big yellow box at the bottom of the post. If the discussion extends to more than one page, go to page 1 to find the original post. When you have voted, the arrow will turn gray and the vote count will increase by one. If the count decreases, it means you have already voted. Click once more to re-register your vote.
It takes about 50 votes for an Idea to be considered for implementation. Adding a comment will move the Idea to the top of the list, where it will get more visibility. As Ideas move through the review process, their Status next to the vote count changes.
QWin Premier subscription0 -
It takes about 50 votes for an Idea to be considered for implementation.
For Quicken Mac, because it's a smaller user base than Quicken Windows, the number of votes needed to forward an Idea to the developers is actually 30 — which this thread has just reached! The moderators will change the status on this thread to "Under Consideration" and forward the topic to the development team.
From there, well, we never know how long it will take for the developer to do an assessment to see if they feel the idea fits with other Quicken products, how long it would take to design and code, and when they could slot this on their schedule midst all the other things they already have planned. I'd note that there are about 3 dozen existing Ideas marked as "Planned" which have not yet been implemented. And more than 40 which are in "Under Consideration" status already. Some of the "Planned" Ideas seem pretty straightforward, while others seem like time-consuming big projects to implement. Unless this happens to be something they are already planning, I'd say it's typical for Ideas to remain in "Under Consideration" status for a year or more; late summer/early fall is when they seem to do their major planning for the following calendar year, so that's often when statuses change.
Bottom line: this feature request has just taken the next step forward, but because of the volume of features eating for implementation and the small size of the development team, don't expect to see it implemented any time soon. 😉
Quicken Mac Subscription • Quicken user since 19931 -
Hello All,
The status of this Idea has been changed to Under Consideration as it has reached enough votes and has been submitted to our Product and Development team for further review.
Thank you!
-Quicken Anja
Make sure to sign up for the email digest to see a round up of your top posts.1
Categories
- All Categories
- 63 Product Ideas
- 35 Announcements
- 225 Alerts, Online Banking & Known Product Issues
- 21 Product Alerts
- 704 Welcome to the Community!
- 673 Before you Buy
- 1.2K Product Ideas
- 54K Quicken Classic for Windows
- 16.4K Quicken Classic for Mac
- 1K Quicken Mobile
- 812 Quicken on the Web
- 115 Quicken LifeHub