With the new interface there is not way to see the remaining amount (account balance) after a transaction or at a certain day. That makes it practically impossible to do accounting in any external app because once there’s a mismatch you have to scroll through all the history in order to pinpoint it. The old interface used to have a sum per day (even if it was wrong sometimes)
Details to reproduce:
See your transaction history. It doesn’t show the account balance at any time other the current and at the end of the last month.
It was pointed out to me that you can find the running balance in “export & bank statements” (second icon from the right at the top right (stats) -> scroll to the bottom). That solves my problem but it would be nice if that was shown in the list just like other banks do.
I am not quite sure what point you are illustrating in your screenshot?
The new app already shows current balance. What it used to also show, and what I need, is the running balance. In the second screenshot below, instead of showing the current balance of £58.33, it would show the running balance at 23rd September, which was £162.99. The old app did that, which was immensely helpful in reconciling my bank accounts.
I will also add that both Nationwide and CoOp bank apps also show running balances. Challenger banks, like Monzo are generally expected to provide more functionality, rather than less. Which makes the removal of a piece of functionality look rather odd.
I agree, I need to stick to a budget. But knowing a old balance is no help to me.
Now as Monzo dose it showing what I have actually spent everyday is far more helpful. And if you do use a good budgeting app you still should not need to reconcile it. It should just import the data.
I do not wish to sound negative. But am loving all the new Monzo stuff and it works great for me, maybe it’s just me but I do not wish to know what my balances where it’s irrelevant. I just want to know where I am in this month’s budget and how much I can spend now.
You mentioned in a reply to me ‘budgeting’. How does having an active balance help with that?
I know my monthly (bills) outlay, and how much I have to spend on food etc, and I plan for that (plan ahead). How does knowing what my balance was a week past Tuesday help me today? I can see the current balance every time I open the app so I know how much I have left to spend, and that doesn’t change if I scroll back to see that I have a little less because I bought a nice bottle of wine (for example).
Maybe I’m just not doing things properly, but I still don’t see (aside from your example of catching an erroneous amount) how it helps with budgeting.
I look at the balance and I think, Ooh, it’s a bit higher than I expected so now I can afford to buy x, or maybe, Ooh, it’s a bit lower than I expected so now I can’t afford to buy x.
That’s how it helps me. I’m not really sure why I’m having to justify to anyone the value of the basic of banking or accounting. If something else works for you then that’s fine but don’t dismiss a banking basic that so many people find useful or helpful.