If Monarch is unable to connect to one of your accounts, or if you have an asset without an online connection (like a boat, jewelry, or cold hard cash), you can create a manual account to track it. Manual accounts work especially well when the asset doesn’t have many transactions and the balance of the account doesn’t change often.
Manual accounts track everything…manually. This means that all transactions and balances must be updated by hand. When needed, you can update the balance for a manual account by selecting “Edit Account.” If you don’t need to keep track of individual transactions under the account, changing the balance is a great way to keep manual accounts current.
You can also Upload a CSV file of transactions to a manual account which is a great way to quickly add a lot of transactions. When you upload the CSV file, you will be able to choose to automatically update the balance of the account. If you add transactions manually, you will also be able to update the balance of the manual account.
Additionally, you can Upload account balance history into manual accounts. The upload CSV flow is the only way to change the balance history of a manual account as of Dec 2023.