I have been a Monarch Money subscriber since shortly after Mint shut down. I use it to track every account — personal checking, savings, credit cards, the yoga studio operating account, my LLC — all of it in one place. Monarch has always been my financial command center for the personal side of things, but for the business side, I had been running a parallel system in Found.

Found is genuinely good software. I want to say that clearly before I explain why I left. Their free tier is one of the most thoughtful free products in fintech: a real business checking account, automated bookkeeping, real-time tax estimates, contractor management, and unlimited invoicing — all at no cost. For a solo operator or freelancer just getting started, it is hard to beat. I was on Found Plus at $315 per year, which added transaction imports from external accounts, unlimited custom categorization rules, and priority support.

The Problem Was Always the Seam

The friction I kept running into was not a feature gap in either app. It was the gap between them. My business and personal finances are deeply connected — not just philosophically, but literally. Owner draws, business expenses paid from personal accounts, personal savings goals that depend on what the business earns. Every month I was doing a manual reconciliation between two apps to understand the full picture. That reconciliation was the most error-prone, time-consuming part of my financial workflow.

The problem was never a feature gap in either app. It was the gap between them — and the manual reconciliation I was doing every month to bridge it.

I had tried to solve this inside Monarch by tagging business transactions and building custom reports, but without a formal separation between entities, the personal budget always bled into the business view. It worked well enough that I kept doing it, but it was a workaround, not a solution.

What Monarch Plus Actually Launched

On April 20, 2026, Monarch announced Monarch Plus — a new premium tier priced at $299.99 per year (current members get $100 off their first year, bringing it to $199.99). The headline features are Forecasting, Business Owner tracking, and advanced investment analysis. The business features are what caught my attention immediately.

Business Entity Separation

Each business entity — whether that is your LLC, a rental property, or a side hustle — gets its own filter that you can apply across accounts, transactions, and reports. This means you can zero in on just your business without it bleeding into your personal budget and cash flow view. This is exactly the separation I had been trying to hack together manually.

Built-In P&L Reporting

Each entity gets a dedicated profit and loss report: income versus expenses broken down by month, quarter, or year. No separate tools, no spreadsheet exports, no calculation required. Just a clear answer to the question you actually care about: what did my business make this period?

Schedule C Tax Prep Export

This is the one that sealed it for me. Monarch will generate a Schedule C tax prep document that you can hand directly to your accountant. For a sole proprietor or single-member LLC, this eliminates the single most painful part of tax season: digging through a year of transactions and trying to reconstruct your expense categories from memory. I have spent hours doing this. The idea that it could be a review rather than a scramble is genuinely exciting.

Forecasting

The other major Monarch Plus feature is financial forecasting — a net worth projection that plots where you are headed based on how you actually spend and save today. You can model life events directly on a timeline: buying a home, a career break, retirement, having a kid. Change an assumption and the projection updates in real time. For someone managing multiple revenue streams and planning for studio expansion, this is the kind of tool I would have previously needed a financial advisor or a complicated spreadsheet to replicate.

The Honest Comparison

Here is how the two products stack up for someone in my specific situation: a small business owner who already uses Monarch for personal finance, runs a pass-through entity, and does not need invoicing or payroll inside my finance app.

Why I Made the Switch

The decision came down to one principle I hold across all of my business systems: one source of truth. I do not want to maintain two financial dashboards. I do not want to reconcile data between apps. I want to open one tool and understand my complete financial picture — personal and business, past and projected.

Found is excellent at what it does, but what it does is business banking. If you need a business checking account with built-in bookkeeping and you do not already have a financial tracking app you love, Found is a strong choice. If you send invoices through your finance app, or if you manage contractors and need to e-file 1099s, Found is the better tool.

But I already have a business checking account. I already use Monarch for everything else. The value of Found Plus for me was almost entirely in the P&L view and the tax prep assistance — and Monarch Plus now does both of those things, integrated directly into the same dashboard where I track my personal net worth, my savings goals, and my retirement projection.

Found is excellent at what it does. But what it does is business banking. If you already have a checking account and you already live in Monarch, the case for maintaining a second app gets very thin very quickly.

The pricing is nearly identical — $315 per year for Found Plus versus $299.99 for Monarch Plus, with a first-year discount to $199.99 for existing Monarch members. The math was easy. The decision was easy. I downgraded Found to their free tier (which I will keep for the checking account itself) and upgraded to Monarch Plus the same afternoon the announcement dropped.

What I Am Watching For

Monarch Plus is new. The business features are described as designed for tracking income and expenses — not for invoicing, payroll, or payroll tax. That is a meaningful limitation if your workflow depends on those things. I will be watching to see how the transaction categorization and P&L accuracy hold up over the first few months, and whether the Schedule C export is clean enough to hand to an accountant without significant cleanup.

I will also be paying attention to how Monarch handles multi-entity scenarios. I run more than one business, and the ability to filter cleanly by entity across a shared set of accounts is something I will be stress-testing over the next quarter.

If you are a Monarch user who has been managing business finances in a separate app, I think the upgrade is worth exploring — especially at the discounted first-year price. If you are not already a Monarch user, the calculus is different, and Found remains a strong standalone option for business-first users.

I will follow up in a few months with a real-world report on how the Monarch Plus business features are holding up in practice. If you have made a similar switch — or decided to stay with Found — I would love to hear your reasoning.