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!)