You can manually create transactions in Monarch to track spending, income, and transfers that happen outside of your connected accounts.
This provides two ways of tracking info with manual accounts:
1. Adjust the balance of a manual account.
This way makes the most sense if you're tracking an asset over time like your car value or house value. As the value changes, you can update the balance in Monarch and we'll automatically log a "Balance Adjustments" transaction. These adjustment transactions do not impact your Cash Flow and Plan.
2. Add individual transactions to a manual account
This way makes the most sense if you are tracking how you spend the cash in your wallet. As you spend your cash, add in a transaction for each purchase with the corresponding merchant name and category. These transactions will impact your Cash Flow and Plan the same way they would if they were automatically syncing from a bank account.