Excluding a transaction from Spending stats

[Hendronf (Fearghal Hendron)]

I’d like to be able to exclude a transaction from the stats. Eg. I’ve paid 6months rent in advance in one transaction. That’s thrown my stats out for the month but was something that I was planning and expecting. Would love to be able to exclude that and see stats that are accurate.

[Dariane (Dariane Hughes)]

Yes! I would love this feature so I could see what I’ve actually “spent” as opposed to all outgoings.

[anon95680666]

you may want to add your comments here

Incoming payment categorisation

Hey, we’ve just kicked off a project to rethink the Spending tab, so that it makes more sense for current accounts (considering income, committed spending, salary cycles, etc), as part of that we are going to try and address the issue of inbound payments, and how they balance the books. The main sticking point so far so far is how to handle receiving a categorised payment before making any spending in that category. Should it show as negative spending? Income? Any ideas are welcome!

[conor (Conor Hackett)]

@Hendronf interesting problem. I have been experiencing something similar when it comes to utility bills. For example, water is a bulk payment that lasts a few months and others also have odd frequencies.

For me, I wasn’t looking to remove or exclude the transaction but kind of “normalise” / “smooth” it so that it would accurately reflect the outgoing on a (for example) monthly basis.

So for example: I’ve just paid my water bill £96, which covers say, 3 months and 12 days. I would like that £96 pounds to be divided up and applied pro-rata to each month that it covers.

Could be clunky to implement and UX would have to be tested but I think the value add is great, considering the value that users are placing on spending analysis. I hate these types of payments as they really throw a spanner in the works.

[karl_taylor]

+1 for this. I’ve just switched to go full Monzo and have set up my standing orders which go into a joint account for my bills. I thought I could exclude this from my spending targets but the option to ‘exclude from spending’ isn’t available. So I’ve just added my bills to my spending targets to compensate.