Transaction Categories

 

The basics

We have a hierarchy of Groups and Categories to help you organize your transactions and easily track Income, Expenses and Transfers.

 

In addition to this default list, you can create your own custom Groups and Categories.

 

Deleting categories

You can delete transaction categories from the Manage Categories page on web. Remove categories that you don't want to track separately or aren't relevant to you. *Deleting categories is not yet available in the mobile app.

A category named Doctor Reimbursements is shown being deleted with a previous transaction being relabelled to Other Income as a result

 

Default Category List

 

We are shown a screen that is scrolling through the various Categories and their given icons, explained again below

Income

💵 Paychecks
💸 Interest
💰Business Income

 

Gifts & Donations

🎗 Charity
🙏 Church
🎁 Gifts

 

Auto & Transport

🚗 Car Payment
🚃 Public Transportation
⛽️ Gas
🔧 Maintenance
🏢Parking
🚗 Auto Insurance
🚙Ride sharing

 

 

 

Housing

🏠 Mortgage
🏠 Rent
🔨 Home Improvement
🏡 Homeowner Insurance
🏡 Renters Insurance
🌳Lawn & Garden

 

Bills & Utilities

🗑 Garbage
💧 Water
⚡️ Gas & Electric
🌐 TV & Internet
📱Phone

 

 

 

Food & Dining

🍏Groceries
🍽Restaurants & Bars
☕️Coffee Shops

 

 

 

Travel & Lifestyle

🏝Travel & Vacation
🎥Entertainment & Recreation
👑 Personal Care
🐶 Pet Care
😜 Fun Money
🗓Subscriptions

 

 

 

Shopping

🛍Shopping
👕 Clothing
🪑 Furniture & Housewares
🖥Computer & Electronics

 

 

 

Kids

📚Kids Education
👶 Child Care
⚽️Kids Activities

 

 

 

Education

🎓Student Loans
🏫Tuition
📚Books & Supplies

 

 

 

Health & Wellness

💊 Medical
🦷Dentist
💪 Gym
🏥 Health Insurance

 

 

 

Financial

📄 Life Insurance
💰Loan Repayment
🏦 Financial Fees

🏧Cash & ATM

 

 

 

Other

❓ Uncategorized
💸Check
💲Miscellaneous

 

 

 

Transfers

🔁 Transfer

💳Credit Card Payment

 

 

Business

📣Advertising & Promotion
📞Business Utilities & Communication
💵Employee Wages & Contract Labor
🍴Business Travel & Meals
🚖Business Auto Expenses
📁Business Insurance
🗄Legal & Professional
📎Office Supplies & Expenses
🏢Office Rent

 

 

 

Taxes

🏦Federal Income Tax
🏦State Income Tax
🏦Property Tax

 

 

Tips and Tricks

1. Credit Card Payment VS Transfers

For credit cards that are connected to Monarch, categorize these payments as Transfers so the expenses aren't double counted.

The Credit Card Payment category works best when there is a card not connected to Monarch or when you want to track credit card debt you're paying off.

 

2. Create your own custom categories and groups

 

3. Move your categories between groups

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