My Favorite Personal Finance App for Small Business Owners - Monarch Money

Sign up for Monarch and get an extended 30-day free trial: https://claracfo.com/monarch

Looking for an intuitive and powerful personal finance tool?
In this video, we take a deep dive into Monarch Money, exploring its budgeting, forecasting, and reporting features.
We'll walk you through how to set up your accounts, track expenses, and optimize your financial planning—without the hassle of spreadsheets.

In this video you will find:
00:00 Introduction and Channel Overview
01:33 Monarch Money Overview
01:42 Setting Up Monarch Money
02:34 Exploring the Dashboard
03:36 Connecting Your Accounts
04:45 Adding Manual Accounts
05:58 Categorizing Transactions
07:23 Creating Rules
08:37 Customize Categories
12:30 Cash Flow Report
13:25 Reporting in Monarch
16:35 Budgeting in Monarch
19:40 Forecasting in Monarch
22:10 Forecasting as a business owner
23:30 Recurring Transactions
24:00 Goal Setting in Monarch
24:50 Investments
24:55 Advice
25:00 Why I love Monarch

To learn more about CFO services for B2B services providers making over $1M in annual revenue, go to: https://claracfo.com/services

Here are some of the tools I trust and recommend to help you manage your business finances more effectively. These are affiliate links, which means I may earn a small commission if you use them—at no extra cost to you. Thank you for supporting the Clara CFO channel!

🔢 QuickBooks Online – 30% Off for 12 Months plus 30-day Free Trial
https://claracfo.com/QBO
Get organized with the most popular small business accounting software.

🏦 Relay Bank – Get a $100 Bonus
https://www.claracfo.com/relay
Modern banking designed for business owners. Sign up and deposit $100 to claim your bonus.

👥 Gusto Payroll – Earn $100
https://claracfo.com/gusto
Run payroll and receive a $100 reward—perfect for growing teams.

💰 Monarch Money – Extended 30-Day Free Trial
https://claracfo.com/monarch
Smart personal finance software for entrepreneurs and families.

📊 RC Reports – Get $50 Off a Compensation Report
https://claracfo.com/RCReports
Ensure your S-Corp salary is IRS-compliant with a professional comp report.

Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group at https://claracfo.com/


Disclaimer: This video is intended for educational purposes and should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.

CODE: MB01NRYMJCGXU7Z