Looks great! I assume a daily total that is overall an expense will be negative and income will be positive?
If we are looking at pure daily totals, yes - we’ll just sum everything apart from excluded transactions. 
App is great, however these would make it a game changer.
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Somewhere deep in the settings, have a “boring version/ User interface.” This would open up your user base for professionals in the realm or individuals who have a little more experience in record keeping to speed through transactions. You could hide the feature deep in the settings.
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Remove the requirement for emojis/ or default as “bullet point”/ or text recognition in new category to suggest emoji. As of now, it’s clunky and takes up too much time.
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Subcategories/ folders; in any way, shape or form. This would substantially improve the app.
*** 4.Sensitivity settings for similar transactions, mostly because I feel like it’s missing some similar transaction. But I don’t know if it’s works that way.
Honestly, not sure about this one in hindsight… i could be wrong.
Example “any transaction containing 75% of the 4 letters in the order of : (MARK or JAMES or SMITH or LLC or plumbing) allocate here ->category-> MJ Smith plumbing.
I guess in the example, If the transaction contains 75% of the 5 words it’s allocated. And the you can reduce sensitivity for more rare words and so forth.
- Desktop version: but I think you guy are on that one already.
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Default hiding of excluded transactions.
2 Likes
It would be good to feed through details from the money received from splitting bills on Monzo
Daily allowance per catergory
A few that would be amazing, after several months of using the app:
- Money moving rules: Not just auto-saving (ideally to an account of your choice) but also automatically moving money into a current account if it falls below a certain level or if a large bill is predicted (e.g. you know the size of an upcoming credit card bill from tracking a credit card account, so make sure there is enough money in the current account to pay it, by moving money from a savings account (same for rent etc) - Emma is pretty uniquely positioned to enable a workflow like that)
- Better transaction context: 1) Use geotagging (based on phone location) for in person transactions to show where it was, 2) read info from scanned receipts (and prompt for these after the transaction), 3) connect to gmail account to pull in and interpret emailed receipts (e.g. amazon receipts, app store receipts etc) to explain more clearly what the transaction was and enable smarter categorisation (apps like AwardWallet and TripIt can already do this for travel plans).
- Better subscription/recurring payments tracking: Today it is hit and miss - many are not predicted and others are double counted because they were slightly different in two different months, but it should be possible for AI to realise they are the same. The above email integration would also enable dramatically smarter subscription tracking (especially new and cancelled subscriptions, and where you have different subscriptions with similar billing like all the different things that are billed by Apple (3rd party app subs, music, applecare, apple TV+ etc) but where ideally you could track them separately)
- Forecasting: By category, into the future. Simple trend extrapolation would already be incredibly helpful. You could also in a future version enable different scenarios, e.g. for salary increases, outgoings cost inflation, mortgage interest rates, investment performance etc
- Future transaction planning in forecast (anticipate repeat or one time purchases, that are not recurring monthly/annual type purchases or necessarily linked to a specific vendor (could also be by (sub)category). E.g. I might plan to spend a certain amount on Christmas presents in November/December each year or a holiday in the summer (but would not have this cost in other months), or if I buy a phone I might say that I next plan to buy one in three years time (but not every year), or I might just know I have a big one-off purchase in a few months, and then these can show up in my planning for the relevant future dates
-Liquid vs illiquid net wealth tracking: Enable accounts to be categorised as either liquid or illiquid. Show liquid balance, e.g. cash, stocks, instant access savings etc, separate from total net wealth (which might include e.g. ISAs, property, private equity investments) - Automated csv export (e.g. update daily in a google sheet - balances and transactions)
- Cancel out refunded purchases - if I bought something and returned it I would rather not see one negative month and one positive month, would rather just zero it out (i.e. set refunds + the corresponding original purchase as excluded)
- More investment account integrations - e.g. Netwealth, LGT, Rathbones, NS&I premium bonds etc
- Points tracking - like e.g. AwardWallet, where as well as tracking totals by loyalty account you can also see on each transaction how many e.g. amex points or avios were earned on it
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Hey!
These are some great suggestions, I appreciate you taking the time to write them out.
Some really valuable ideas in here, I will make sure they’re passed onto the team.
Many thanks,
Jago
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Is there any update in widgets?
Hey Grant!
Widgets are under our radar but aren’t the current priority.
In the meantime are there any other features you’re interested in?
Jago
Hi guys
I’ve been using the app for over a year and absolutely love it - it’s integral to my daily budgeting.
I think a feature which would be super useful is having a place where the most recent transactions that have gone through are shown. I know immediately it may seem obvious (it’s just the transactions list surely) but I find certain transactions take days to appear and close (TFL I’m looking at you!) and so by the time it appears on the transactions list, I have lost it from the immediate view and have to dig it out to tag it / correctly categorise etc.
Money Hub has a section which has a list of the most recent ones and gives the options to make amendments there before confirming. In that sense it would be so much easier and a massive time save if I could go onto the app each day, go on that section, see the latest transactions that have FINALISED and I can adjust and then confirm and be done. Or let’s say I can’t use the app for a few days, when I next go onto it, I know I’ll have a full list of transactions ready for me to review and confirm.
Honestly, having this feature would seriously be a game changer!
Happy to discuss further at any given time.
Thanks
2 Likes
On the monthly budget categories, it would be great to see the committed spending. It can been seen on the overview for the budget, but it would be good to see what available funds is left in each budget category after committed spend is deducted. Thanks Dan
I want to import my HL/interactive investor accounts - they are currently not available.
Also, could we please add a functionality for categorisation that applies categories to transactions retrospectively? That is, those that have already been categorised in one month to all other past months. It is tedious to have to categorise the same transactions for all past 12 months by hand.
When you click on a transaction, the bank or credit card it relates to is listed at bottom and for some reason the details are redacted. Not sure why this needs to be redacted but anyhow, I want to be able to touch that/click that bank account information and it then takes me to the bank account where the transaction originated from. Thanks
A few that would be helpful.
- Better net worth analytics. Being able to see further back than a year, and some basic analytics such as performance over a time period (e.g simple IRR / growth rate of net worth over a time period). You’re already showing how long it would take to get to £1m so must be doing some kind of forecasting here.
- Better export functionality. You can export at the transaction level but being able to export some of Emma’s processed data (e.g category level info, budgets, income vs spending data) would really help for deeper analysis of our own info.
- Forecasting. A lot of people have requested this, but Emma has excellent visibility into our financial estate so is very well placed to help us make smarter financial decisions based on our goals / forecasted data.
- Better control over the UI layout. Of the 5 tabs, the only section I use is the Feed section. “Save”, “Pay”, “Invest” and “Borrow” just clutter my feed, and really don’t give me any value add. I understand that Emma as a business is spending a lot of time on these areas because they directly generate revenue, but it feels like Emma is pushing these products. I would love to be able to declutter away from products which I have no interest in.
Also +1 for j-robs ideas around liquid vs illiquid asset tracking and transaction context, I spend a lot of time working around this already, so would be a massive timesaver having this info in the app.
Thanks!
Hey Ravsta,
This is an interesting idea, I’ll make sure it’s passed along to the team.
If there’s anything else just let me know and I’ll be happy to help!
Jago
Hey!
This is a cool idea, I can speak with the team about this!
Thanks for the suggestion
Let me know if there’s anything else I can help with!!
Hey!
If there is an update regarding the importing of those accounts I will let you know.
Being able to automatically categories previous months is a good idea, will hopefully be able to save some time having a feature like that.
I will pass this one along!
Let me know if there’s anything else I can help with!
Hi @nazim1989 we display this information as we receive it from the bank - if you think it’s redacted, just get in touch to customer support, we can take a look