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