The new transaction review system lets you mark transactions as needing review or already reviewed. You can set the review status automatically using if-then style transaction rules or manually. Once your system is set up you can enable alerts via email or push notification. A new dashboard card shows a quick list of transactions that need review right when you open Monarch. Here are a few ways you might use the new system:
Mark transactions from super stores like Amazon, Costco or Walmart as “needs review” so we can split them into more specific categories
Mark transactions as “already reviewed” if our rules touch them. Only notify us when transactions are not processed by rules so they can be reviewed manually
Mark big transactions over a certain amount as “needs review”
Any accounts or credit cards we are keeping open but don’t actively use should have all transactions in them marked as needing review
Set a Venmo account as “needs review” so we can categorize things correctly when splitting bills or paying friends and family (Venmo support is coming very soon!)
Cash flow can be grouped by Quarters now. Live on web and in the next mobile app update
Cash flow has new options to filter by account or tag - live on web, on mobile soon
Under “edit account” there is new account visibility options to hide transactions, balance history or exclude an account from cash flow or budgets
Under “edit account” the type and subtype lists are now combined into 1 simple account type list with their acronyms unpacked
Bulk edit on transactions now has a delete button. Be careful! Web only, on mobile soon.
The investment graph on mobile loads much faster, particularly when switching time periods
Some notifications in the mobile app weren’t loading transaction details when tapped
Filtering “by Merchant” and “by Year” in the cash flow section sometimes weren’t showing all matching transactions
Adding tags to multiple transactions in the mobile app sometimes was failing
Venmo: This is in in the final stage of internal testing with employee accounts and will be released in the next few weeks.
Recurring: The next major new section in Monarch is coming along well and will help you detect and track bills or subscriptions.
iOS Widgets: The first 2 widgets for tracking budget amounts and cash flow categories will be released soon.