Add Ability to Include or Exclude Transfers on Budgets in Quicken for Mac

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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 (QM2007, CDN user since '92), SuperUser

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Posted 2 years ago

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mattyv123

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Thanks for this recommendation and detailed workaround write up!

I did try something like this but it didn’t work, I assume because of the fact I am using automatic downloads.

Do you have a sense as to why automatic downloads won’t work, even though I have a “mortage principle “ category with the transfer to the appropriate loan account (just like your screenshot)?

It’s a shame we have to pick between automatic downloads for loans vs. budget, but I suppose there is really only one transaction per month per debt account to have to manually enter... Also I assume you can create a templated Scheduled Transaction that would just require you to change the split values every month to ease the admin burden and still be able to project payments...

It would be good for quicken to do a proper fix, but this would at least allow us to get by in the mean time...

I’ll give that a go when I have more time to test.

Thanks again!
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Ross Peebles

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There is a workaround that is not particularly cumbersome. Create 3 accounts for each asset that has a debt. Also create an expense account with any name that works for you, i.e. "unused". Assume the interest is $750 and Principal is $250. Set the payment up as follows:
Total payment $1,000
interest: $750
principal (transfer) $250
principal (expense) $250
unused  (expense) -$250

Then uncheck "unused" expense in any report that would normally show it.
Recommend that this payment is scheduled so you would only change the amounts every period.
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djsnapshack

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This reply was created from a merged topic originally titled Budget Transfers and Credit Card Payments?.

I know this has been discussed on here before, but I want to raise it again to let Quicken know how much of a NECESSITY this "feature" is. In Quicken for Mac, transfers do not show up in budgets. This means savings transfers, credit card payments, etc., cannot be budgeted for -- yet these make up probably half of my actual budget.

I get there's a workaround (show the transfer column, use a non-transfer category, etc.), but that's clunky and shouldn't at all be necessary.

Can someone from Quicken please let us know whether this is something that's being worked on, and what the ETA is?
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Jeff Blanchard

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Can you expand on the work around?  I'm not aware of that.  I'm at the point of doing something even if it's a work around.
Are you looking for reports...or budgeting, that contain transfers?

To get reports to accurately detail the correct income/expense reports, make sure you have the "Category" and "Transfer" columns show in all the registers.

Then, you can categorize a transaction and have a separate transfer account.

Thus, your mortgage payment would be split as follows:

Category:  Mortgage Interest     Transfer: <blank>
Category:  Mortgage Principal   Transfer: YourMortgageCompany

Make sure your Loan in Quicken Mac is set up as a manual loan without any reminders.  

For investment transactions that are included as income:

Category:  Retirement Investment Income   Transfer: YourInvestmentAccount

Make sure you create the corresponding SELL transaction in the investment account to have the correct cash available to transfer to your checking account from there. 

Select New Reports and use only Cash Flow accounts...cash, checking, credit card.  Do not include the loan account or the investment accounts because the transfer will show up on both sides and cancel each other out.  

You will now get an accurate report that includes the Mortgage Principal transfer amount and your Retirement Investment Income amount.  

If you click on the BANKING descriptor in the Sidebar, you'll now get an accurate graph and amount for the actual cash flow that includes transfers in or out of accounts.  

Unfortunately, you can't pick and choose which accounts to include or exclude when doing budgets...so you are still unable to budget correctly in Quicken Mac.

Maybe one day?????
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Jeff Blanchard

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I was asking for budgeting.  I use that feature all the time in the Windows version.  I have monthly budget categories for transfers from one account to another.
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mattyv123

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I tried the proposed workarounds and they don't seem to work, at least I couldn't get it and I think I am savvy enough to have figured it out :)

I could not get the transfers to appear at all for the loan accounts on my budget, and even if I could, I am not really excited about sacrificing bill reminders and to have to hack away for every account every month to ensure report accuracy just to do seething that should easily be supported in the software.

My only hope that Quicken is working on this is that they have intentionally broken budgets in the iOS app: hopefully this is indicative of an overhaul or at least improvements.
I DID mention that the workaround doesn't work with Budgets...right?

At least, in my case, I can now look at the Banking graph and get an accurate amount of my spending for the month (or previous month, etc).

At least, in my case, I can now create monthly income and expense (profit and loss) reports that accurately show the TRUE amount spent by category, including transfers that I want to include.  

If Quicken Mac would add these features in the new subscription product, I would be all over it...as I'm tired of using Quicken Windows with Parallels on my MacBook.  

But, as mentioned above, I've somehow figured a way to make Quicken Mac 2017 at least functional for me.  Prior to the workaround, I saw no reason to just have a checkbook register with inaccurate reporting capabilities.  With the workaround, I've actually gotten to the point where I like Quicken Mac almost as much as Quicken Windows.  Almost...but no there yet. 

And I've manipulated the Bills and added bill reminders to show the correct categories/transfers so that they actually work well enough to make some sense out of it. 
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smayer97 (QM2007, CDN user since '92), SuperUser

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your point may have been obscured by the fact that this thread is about budgets, not reports.
He asked what the workaround was.  I gave it to him.

I also said it doesn't work for budgeting.

Unfortunately, you can't pick and choose which accounts to include or exclude when doing budgets...so you are still unable to budget correctly in Quicken Mac.
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szwakyd

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In all honesty, it should not be incumbent on us to find a work around solution. Savings are a line item in the budget when you first get the software however if you set up that savings as an account to transfer money too, those amounts do not show up in the budget. It just makes no sense and this needs to be rectified by Quicken yesterday.
I agree.  I despise that Quicken Mac has been designed to exclude the option to include transfers in category reports and the budgets.

But the workaround has been intended as just that...a workaround to get Quicken Mac to at least be semi-useful in accurate reporting of income and expenses.
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smayer97 (QM2007, CDN user since '92), SuperUser

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And they are aware of this but need to prioritize. See this latest comment by Quicken Marcus to give you some context/perspective of what they have to deal with:
https://getsatisfaction.com/quickencommunity/topics/quicken-for-mac-2018-v5-4-x-released?topic-reply...

(If you find this reply helpful, please be sure to click "Like", so others will know, thanks.)
Don’t care. This is something that should have been instituted from Day 1 when Quicken Mac beyond 2007 was released.

It’s a basic component of financial software that EVERY other product allows.

And since it’s something I need regularly, I think it should get prioritized as number one on the list.

No, all joking aside, this is something that should have a higher priority that Quicken needs to add. Without this, I would never update to a new subscription product.
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smayer97 (QM2007, CDN user since '92), SuperUser

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Well, this feature is the 2nd highest requested on this forum, only after Loan Amortization (which is only partially implemented) (or maybe 3rd if you consider the cumulative votes for report types and features, which would place them in 2nd or even 1st place).

So I do believe they understand the demand and need for it. But given the above comment by Marcus, it looks like they have some serious constraints to contend with, given that this has to interact with Quicken Mobile, and hence the Quicken Cloud, as well, and since it touches on Quicken Mobile this affects both QMac and QWin simultaneously...so I do not see this as a simple quick fix issue.
(Edited)
Not to degrade the work that you or other Mac superusers on this forum do...but I hate to say it that Quicken Inc could care less about what users have voted on in this community regarding adding/needed features in Quicken Mac.

I appreciate what you do offering expert advice here.  I also appreciate the effort to collate the votes for certain additions.

I just think that Quicken doesn't really look at those at all regarding what THEIR direction is trending to do in Quicken Mac.  

Saying it's "difficult to implement" is a lame answer.  Obviously, it needs to be done...and it can be done.  Just get on with it already.  This is a sorely lacking feature in Quicken Mac that has lingered on and on and on since Quicken Mac 2007. 

That's why whenever I see VOTE FOR THIS included in any response on here, I think it's a joke to even ask to vote.

Because, unless it's an easy fix, Quicken just ignores what it's customers really need in functionality and they just go on their merry way doing their own thing.

And of course, the veiled secrecy of any future additions they are working on only exacerbates customers' frustration.
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smayer97 (QM2007, CDN user since '92), SuperUser

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... Quicken Inc could care less about what users have voted on in this community regarding adding/needed features in Quicken Mac.
That is where you are wrong. First, it has been stated by Quicken that the development team actually does monitor the IDEA threads.

Second, I have also received personal acknowledgement of the benefit of the votes on this forum "...in providing us guide posts for future development." straight from the product manager, Marcus.

(If you find this reply helpful, please be sure to click "Like", so others will know, thanks.)
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As an aside, I am part of another GetSat community that has a much larger audience than Quicken and is a worldwide platform. From direct experience and influence, I can tell you that it has taken far fewer votes to have changes and ideas implemented that I and many others have brought forward than I am seeing for Quicken. 

Though every company is different, do not underestimate the influence of the voting feature on this forum. Although only one avenue, it was a significant contributor in getting Quicken to do an about-face regarding the Read-Only subscription model issue, just before you decided to join this forum. 

Your VOTES DO matter!

(If you find this reply helpful, please be sure to click "Like", so others will know, thanks.)
(Edited)
So...it’s the number one or number two requested feature that users want.

And yet, in FIVE year versions of Quicken Mac, it still hasn’t been added.

Total rubbish. Five years of development and one of the top two needed features still hasn’t been addressed yet. Should have been implemented in 2015 after 2014 was released without the capability.

Sorry. I don’t care how difficult this is to implement. It’s something that EVERY other financial software can do...including the Quicken Windows version.

Enough excuses for Quicken already. They’ll do what they want to do, on their own schedule...and ignore most of what is requested and voted on.
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smayer97 (QM2007, CDN user since '92), SuperUser

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The voting has only been in place about 1 yr, and it was slow going at first to make people aware of it and it be somewhat organized. Anyway, not saying I am happy about the progress...just stating what it is. 
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Also, just to keep things accurate, there was no Quicken Mac 2014; 2015 was the first release of the new generation of Quicken Mac — and it was woefully incomplete. The 12-month budget feature,
in fact, had not been developed at that time. Budgeting didn’t debut until part-way through the Quicken 2016 product year, with version 3.3 in May 2016. So it’s been about 18 months since they first rolled out the budget feature without this important functionality. (WHY it didn’t occur to them to build in the ability to budget transfers from the start is a question we’ll probably never understand.)

As for voting, it should be clarified that this budgeting functionality has *now* worked its way up to one of the top spots — but many of the things the development team have added over the past few years have been the former top vote-getters. This includes building loan amortization, improving reports (still a work in progress), improvements to investments (like selling specific lots, viewing investments as of a prior date, and investment performance reporting) — all of which were at one time among the top requests from users. In fact, the budgeting functionality was the number one user request during the first year Quicken was out, and product manager Marcus credited user voting on features as an important factor in getting it done:

He wrote in his note about the 3.3 release: “We’ve added the ability to plan and track a budget over a 12-month period. This is a huge improvement over our previous single month budget feature and was the number 1 requested feature from our Quicken.com voting page. If there is a feature you want, please go to that page to add your suggestions.”

Of course the developers have a long list of enhancements on their roadmap, but there’s really no doubt that user feedback leads to them changing the order and priority of things on their list. And of course, none of them can come fast enough for users who are waiting for one or two or more key changes which would make Quicken more usable for them!
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brucel

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Everyone should also recognize that Quicken.com was purchased from Intuit by the original founders and they have publicly committed to the Mac platform numerous times and are explicitly investing in the Mac product.  While the Quicken team inherited a woefully incomplete Mac product/codebase, the evidence of their commitment is multiple Mac releases that included end-user features even though the team was inundated with large technology-separation tasks (building out a new Quicken.com cloud, subscription model, etc.) The Mac release cadence has also increased to a refreshing level of minor and patch releases interleaved with more substantial major releases.

As for Quicken participating in the forums, I had posted a brief analysis of portfolio performance issues (i.e. beachball) and the Engineer responsible for that area, reached out to me directly with ideas and a commitment to improve the performance.  Marcus also actively communicates with users in this forum and does his best, time permitting, to transparently set expectations and resolve issues.  

Sure, there are gaps in all products but the push by Quicken's Mac team is leaps and bounds above the Intuit minimal-Mac-support mode that lasted too many years.  We need to give the Quicken team a chance to catch up on the backlog and respect what they have achieved so far.  Kudos to Marcus and the Mac development team for raising the bar and all that they have accomplished to date especially considering the starting point and the turmoil of separation from Intuit. I can imagine what that phase was like but with most of that behind them, the team seems well-posisitioned to deliver.

Bottom-line: The future for the Mac product can be bright if we help vs hinder.  Quicken is committed to the Mac and there is a team in place with a lot of work pending to close the gaps.  Sure, the gaps are frustrating, but the time and energy used to slander the product or vent about missing features that only serve to demoralize a team that is working diligently to deliver a better product, would be much better spent on proactive and concrete feedback and scenarios in the forums and voting system that have proven to influence the Mac product roadmap.  The exemplars are those here, like @smayer97, who tirelessly does so for the betterment of the product and this community (sorry for not mentioning others).  
So, what you're both doing is making excuses more than anything else.

"Give them a chance", "they're working on it", "other things have come in the way" and of course the ever encompassing "it's Intuit's fault".

Blah, blah, blah.  Nothing but lip service.  

What's been produced is a woefully deficient product, that somehow Quicken Mac customers STILL use in hopes that SOMEDAY Quicken will get around to fixing things that should have been fixed years and years ago and that ALL other software has as a basic function.  Yes, EVERY SINGLE Mac desktop products ALL have a way to include "transfers" in some way in reporting and budgeting. 

Why haven't they been fixed?  Why was this never even been given a thought from the initial design process? And don't give me the woefully understaffed excuse.  If that's the case, then hire as many staffers as they need to get this product where it is workable.  Four years of this already...and it's still a "work in progress".  This isn't the Sistine Chapel.  It's software.  Hire the proper engineers to get this working already.

As to your points:

1 The reports feature is STILL woefully horrible and in most cases, downright confusing.  Quicken's thrown you all a bone...and as meager as it is, you all lap it up like it's a filet mignon.  

2 Budgets now go to 12 months.  Big deal.  The budget is still unworkable and unusable because I can't even include my mortgage principal payment and my retirement income (both of which are transfers, which Quicken Mac has no accountability for).

3 Quicken Marcus comes on here when he feels like it.  If you ask him a question directly, it's ignored.  He's a shill for the company to make announcements for new releases.

Kudos to you for working directly with Quicken about a specific bug you've had.  How many other Quicken users (even Quicken beta testers, which I've participated in) have had that kind of outreach?  Probably can count them on one hand.

And finally, I'll criticize this company if I want to.  It's deserved.  Why should people pay for a product where they have to institute one workaround after another to get it to work...and why in the world is this Mac software such a deficient product when every other Mac financial software has these features?  

It's a gross oversight.  
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Yes, it *is* an oversight, because the budget functionality doesn't allow for budgeting common things like interest payments and savings. And the Quicken product manager has acknowledged the need to add this functionality.

So what you're angry about is that they haven't done so fast enough. I get it. Me, too. There have been, unfortunately, a lot of issues that a lot of people have wanted, and while there's been forward progress, it's often been slow (initially not enough engineers, and some issues being complex to add to the code) and halting (due to the need to re-engineer a lot of back-end server processes following the split from Intuit) progress. And just saying to hire more people to get it done assumes knowledge of Quicken's sales and finances beyond what we as users can possible know; my assumption is that they don't sell enough Quicken Mac product to allow them to throw more people at it. But that said, they did supposedly nearly double the Mac development staff over the past year after breaking away from Intuit; unfortunately, there's a learning curve for new programmers on a complex code-base, so we haven't yet seen a significant speed-up in new features. But hopefully that bodes well for the future. 

I'm not making excuses for Quicken. I'm explaining why some things have taken longer than we might expect or want, and also reminding that some other features which have been delivered over the past two years were, at the time, top user requests. 

And sure, it's fair for anyone to criticize the company or the product. Where I took issue with your post above is where you had some facts wrong and stated that user votes are ignored by the company.

I'll also disagree with you that Marcus is a "shill for the company." He's not selling us on upgrades; he's telling us what they have -- and often haven't -- accomplished with each upgrade. He's pretty candid about why certain things aren't yet done (as was the case with his post explaining the delays in addressing this specific issue). I agree that it's frustrating that he answers only sporadically, and I wish that Quicken would devote someone to knowledgeably answer questions all the time rather than just here and there after new releases -- but what Marcus does post is, in my opinion, valuable and helpful.
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mattyv123

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Trying to not add to the opinions here, it seems like there is an clear justification for why this hasn't been fixed yet:
  • According to Marcus' comment, it sounds like Intuit – for whatever reason – decided on a fundamentally different data structure for investment versus banking transactions, which the new Quicken team has inherited.  To give them the benefit of the doubt there was probably a really good reason for this, and it sounds like budgets weren't even in existence yet so this issue wasn't even thought of as an edge case at the time.
  • While to the end user this may "look" like an easy fix, conflicting data structures under-the-hood makes a change like this non-trivial.
  • When non-trivial, database-level changes are to be made, there is a large risk of regressions and unexpected behavior.  This makes pursing features like these far less attractive, because you risk breaking more people (everyone who has an investment account) than you are helping (those that use budgets like we do in this thread).
  • More engineers does NOT mean a faster or correct result.  It is one of those pesky truths of software that you don't need engineers for a problem like this, but a really really capable product manager and/or architect to accurately and precisely design the changes to be made for one or more engineers to implement. 
  • Strategically, Quicken Cloud sounds far more important to the company than this feature.  Indeed the future is in the cloud and not with native thick-client software, so clearly they are reading the tea leaves and making sure they can survive and remain relevant for at least the next 5 years.
  • Marcus has acknowledged on the other thread that if it were an easy problem they'd fix it.

So, putting myself in a Quicken product manager's shoes (as a product manager myself), I can appreciate the pickle they are in.  This is a tactical feature improvement that is important to a subset of existing customers, but stands at odds resource-wise with a major strategic initiative that they need to accomplish to appease their board and investors.  I'm sure fixing this is on their roadmap, but not before other more improvement priorities that they feel need to happen first.

With all of the above information, I would be surprised if they got this fixed in the first half of 2018, let alone in 2018 at all... At least that is how I am setting my own expectations now, but of course I'd love it if the Quicken team would tell me I am wrong (in general, a more transparent product-to-customer roadmap or communication strategy would really help out here). 

If that doesn't settle well with you, as a customer you have the power to say you disagree with their priorities and switch to another product.  If you are unsatisfied with the product, go ahead and find something else.  Churn of a customer base with any product is unavoidable as you cannot make everyone happy. The risk of losing customers is only one of several metrics a product organization uses to balance priorities and software development.

However – in my opinion – I think that the decisions being made by the Quicken team are going to elevate the product to a level Intuit was never able to achieve, and we'll all be much happier with it in the long run.

I hope this all helps to shine some light on the subtleties that appear to be at play here!
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LB522

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This is a really well written, thoughtful comment. Thank you.
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SevenZark

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So, we should be thinking as if we are employees of Quicken, rather than its customers? Shouldn't a business be prioritizing based on customer needs as much as it can, rather than offer pushback? That pushback doesn't change our needs, after all, no matter how valid you claim it to be. I too have spent time in the product manager role, and I NEVER would have gotten away with the excuse, "It doesn't matter if our customers need it because it's just too hard for us. They can switch to a competitor if they don't like it. It's about us and what's easy for us, NOT about our customers." By the way, the inability to exclude brokerage transactions from budgeting calculation is a VERY standard need, and it's ruining Quicken for me. I find it kind of crazy anybody would ever even want to do that. How do you budget for what your brokerage is doing on a transaction-level basis, just to account for your monthly household spending?
(Edited)
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Hopeful1

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The above points you've mentioned are the EXACT reasons I haven't switched from Quicken Windows to Quicken Mac.
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DBH

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This reply was created from a merged topic originally titled Quicken for Mac Canada Needs more Budget features.

The budget feature and reporting for Quicken for Mac Canada 2018 really needs to allow one to budget for transfers, as the Windows program does.
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SevenZark

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Yes please! I like the ability to add brokerage accounts in Quicken for Mac, but it wreaks havoc with my budget because all the brokerage transactions come into the budget as "uncategorized," putting me thousands of dollars over budget. I find it insane that a Brokerage account would be included in the budget feature by default and even more insane that there is no way to opt out of that. Quicken wants to force me to budget what my brokerage is doing down to the exact amount of individual investment transactions (impossible, btw) if I just want to budget my monthly personal spending?!
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RCinNJ

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This may be the most voted for thread and yet no action from the developers. I want to include withdrawals from my brokerage account as income in my annual budgeting, but QM nulls out the withdrawal because it is transferred INTO another of my accounts. This just seems like such a basic need in a program that claims to do budgeting.

Before finding this thread, I just spent a couple of hours looking for a work around that makes sense to me. I've seen suggested work arounds but the cost/benefit of doing the work-- and possibly having to undo all the work if this ever gets fixed-- doesn't seem worth it to me. 
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Hopeful1

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The fact that this STILL has not been addressed in the four recent versions of Quicken Mac 2015 through 2018 has me greatly concerned.

I don't think I've ever seen a personal financial software except Quicken Mac that does NOT give you the flexibility to account for ANY transfers in the budgeting process by letting you select specific accounts.

This, combined with reports that don't allow accounting for one end of a transfer, have resulted in me still running Quicken Windows on a virtual machine alongside my Quicken Mac.  

I'm not sure how other personal financial software can be developed from the ground up and released to the public in much less time than the Quicken Mac development team is taking to add a crucial piece to the users financial picture.

Pretty sure almost all Mac users are tired of the excuses and the "well, it's still a work in progress".  Four long years is long enough already with this egregious omission.  
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jacobs, SuperUser

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Well, just for the sake of accuracy, the 12-month budgeting feature didn't exist in Quicken 2015, and didn't appear until midway through the Quicken 2016 product year, in May 2019. So it's really a little more than two years since the budget feature was introduced. In the time since, a number of improvements to budgets have been made, including the ability to print a budget which was missing from the original release.

That said, I don't know how or why transfers were not included in the original planning for the budget functionality. We don't know if it was an oversight, or if it was a complex issue that they decided to pass over initially in order to release the core budget functionality for users who were clamoring for it. In any case, around the time the budget feature was being finished and released is when Quicken was sold by Intuit, and the developers subsequently lost a lot of time over the next year re-creating some of the back-end services which had been provided by Intuit. 

But product management heard the cry loud and clear; product manager Marcus wrote last year that "we don't currently support transfers in a budget but we know people want to track them for things like mortgage payments and moving money for savings.  It's definitely on our long-term roadmap for budgets."

Once the initial shift off Intuit's servers was out of the way, they ran into a problem last fall with the way budgets worked in the mobile app, again due to moving off Intuit back-end services. This required a fairly lengthy re-write of the budget section of the mobile app code which was just recently completed. The mobile app is done by a different team at Quicken than the Mac team, and Marcus stated that the Mac team wouldn't work on changes to the budget functionality until the mobile team was done their work, in order to avoid having to re-do their work to maintain compatibility with the mobile app. Now that the new version of the mobile app has recently been released, the way should be clear for the Mac team to dive back into making the necessary changes to the Mac code to allow transfers to be selectively included in budgets.

I agree it's been a long time, and I'm not making any excuses for the pace of development at Quicken -- just explaining the unfortunate sequence of events that got us here. I think some fairly significant architectural work is needed to get budgets to selectively recognize transfers, so I'm still not expecting this functionality in the immediate future -- but I do hope we'll see this work get tackled in the months ahead. If you're looking for any positives or hope, it's that they know people are waiting for this functionality, have promised to address it, and have progressed past some of the roadblocks that have delayed it.
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Hopeful1

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It's been a long time... you ARE making excuses...and no one really cares anymore about the pitfalls that have been from Intuit to Quicken Inc.

What's maddening is that I see other software products being released that DON'T have this issue.  Every single one of them allows for transfers such as mortgage principal payments, retirement income withdrawals and such to be accounted for, planned in budgets and included in reports. 

As a matter of fact, NO financial software other than Quicken Mac has this issue.  NONE!  What does that tell you?

I thank you for the history.  But two and a half years (doesn't matter one bit if it's four years, two and half years or one year), and growing each and every day, it's too much already.  After users clamored for this to be added in the software since the budget was instituted, all we've gotten from Quicken Marcus and Quicken Inc is promises, lip service and "it's on the road map". Quicken Marcus...that was LAST year.  Another year, still no added feature to include or exclude transfers in reports or budgets.

No more excuses.  No more promises that it's on the Quicken Mac road map.  This is a fundamental and glaring omission by Quicken, which THEY acknowledge...and MUST be fixed ASAP.  We, the customers, have to suffer because Quicken can't get to it?  What kind of a way to run a company is this?  Customers DEMAND this feature for years...and they haven't gotten around to it?  This is THE number one voted feature to add to Quicken...and they don't have the resources to do this?  

Because we're all just sick and tired already of having to do workarounds for the budgets and reports just because Quicken can't get to it.  This is personal FINANCIAL software.

And without it providing ACCURATE data and reports, this software is ... well, I can't say it on this community.  Instead, I have to manually add in my mortgage principal payments.  I can't budget for any investment income because they zero out the deposit to my checking account, thus Quicken Mac thinks that no income has been generated.  I've had to enter separate entries for categories and transfer accounts for some transactions, which isn't really allowed in QM 2018.  It's been one omission or workaround after another.  

And please, don't go posting with a link about up voting this idea.  We're tired of it falling on deaf ears. 
(Edited)
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Hopeful1

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The most insane things to hear from any company:

1 We're too busy to get it done.

2 It's too complex to get it done.
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QMac User

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This reply was created from a merged topic originally titled Make scheduled transactions automatically appear in the budget.

It would be super helpful if scheduled transactions (including transfers) could automatically appear in the budget - or at least give the option to do so. This was a standard feature in Microsoft Money and it was sooo great. I hope Quicken will implement this soon!

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Jim

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This reply was created from a merged topic originally titled Feature Request: Budget tracking of transfers to savings accounts.

*** I ORIGINALLY POSTED THIS 4 YEARS AGO. EDITED AND REPOSTED. ***
*** DESIRED CAPABILITY STILL NEEDED! ***

Bottom Line: Even Quicken 2012 (Windows) has advanced budgeting features that allow "transfers out" to be tracked in your budget. This simple feature is essential and must be added to Quicken for Mac. It's been a long time request from multiple users! Explanation: The correct way to account for a savings transfer - as many users already know - is to categorize these fund transactions as transfers in both accounts (out of checking, into savings). This way, the "Net" income/expense is properly accounted for. A work around would be to categorize the transfer as an expense so it shows up in my monthly budget, but then my "Net" summary for all my accounts would be improperly summarized. To keep the "Net" summary accurate while still allowing the user to account for the savings transfers in a monthly budget, Quicken 2012 allowed the user more customizable options; i.e., the "transfer out" feature under advanced budgeting.

Implementation: This feature could be implemented in Quicken for Mac in a similar fashion or it could be added in a new and unique way (e.g. a check box under the savings account's settings that would allow transfers to be counted in the budget). I really have no UI preference, I simply want to be able to include my transfers to my savings accounts in my monthly budget. Why? It's the way I think most of us mentally attack our budgets - I know how much I make in a month and I want to compare that against how much I'm spending & transferring out (not just spending). 

I encourage all users to keep voting and requesting this necessary Budget feature for Quicken for Mac. 

Suggesting post on this request worth following:

https://getsatisfaction.com/quickencommunity/topics/add-ability-to-include-or-exclude-transfers-on-b...



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Wannabe

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I don't think I'll live long enough to actually see Quicken Mac add the ability to Include or Exclude transfer transactions.

We've already been waiting four years.  Four YEARS!!!

It doesn't matter how slow development is or how few developers they have, something as essential as this (which EVERY other financial software has) should have been a top priority long ago.

And please don't have one of the Quicken SuperUsers come on here telling us it's in the future plans and to VOTE UP the idea.  Since this is the NUMBER ONE voted up issue and still hasn't been implemented, the votes mean zero.  
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smayer97 (QM2007, CDN user since '92), SuperUser

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One of the big obstacles for Quicken working on this has only recently been addressed, that is the complete backend rework of budgets syncing with Quicken Mobile. This was needed as a result of separation from Intuit. 

Now that this is finally done, Quicken has acknowledged that this is a feature they will be/are working on but that it will take time as it requires significant rework in QMac to make it work. (Just passing on info, so do not shoot the messenger)

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

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2019 is out and I'm still using a 2007 -  12 years later because they can't or don't want to fix this budget problem.
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jacobs, SuperUser

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Les, if you read the comments above in this thread, you'll see that it's neither "don't want to" nor "can't" -- the product manager last fall acknowledged this as a top issue for Quicken Mac customers, and publicly have committed to fixing this aspect of budget functionality. (It's quite rare for him to pre-announce a feature they will definitely work on changing.) I won't write here about all the stops, starts, and twists of direction in the development of Quicken for Mac since Quicken 2007 came out. What's relevant is that they've committed to developing this functionality. The product manager explained last year that they couldn't start on that project until the re-write of the mobile app was complete a few months ago, but there's every reason to now expect this functionality to come too the Mac product in the short-term future. We don't know exactly what that will be, but I'd guess within the next half year, and likely sooner.

Don't get me wrong, I understand the frustration with this functionality not existing yet int he modern Quicken Mac. And don't shoot the messenger; I'm just a fellow Quicken user waiting for this like you are, but reading what they've said about this issue makes me optimistic the long wait will be over in 2019.
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Jim

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One idea for including Transfers on the Budget tab: Simply use Excel-style, classic conditional formatting rules. Allow users to create custom entries for the Budget. Name: "Savings Transfers", Accounts from (Select all that apply): "BoA Checking", Accounts to (Select all that apply): "BoA Family Savings", Additional Filters: "Tag = " or "Payee Includes = ", etc., etc. 
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Norman Vaughn

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Thanks, Jim. I get the idea of setting up a "transfer to" category and then sub-categories for the various accounts I want to budget for, and then recording the transaction in Quicken showing the transfer as an expense to that category instead of an actual transfer. That way it will show up on the budget reports and can be budgeted for.

What I still don't understand is how you accomplish is the actual transfer of funds into the target account?  When you assign it to the phantom "transfer to" category, the amount virtually disappears. 
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Jim

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Quicken Support: Any updates or comments? I’d sure appreciate some information before I spend multiple days painfully implementing a Band-Aid solution to my finances in order to track transfers within my budget...
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Jim

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Frustrated that this is still a Windows-version only feature. Budget transfers between accounts...

https://www.quicken.com/support/how-d...
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GM

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First thing I wanted to do in the software. Disappointed.