Monarch is the app most people moved to when Mint shut down, and for a household with paychecks, a mortgage and a brokerage account it is a good one. The question this page answers is narrower: what happens when one of the people in that household owns a business, or two, or has a rental in an LLC and a loan between the LLC and the family. That is where Monarch and HaraPro stop being alternatives and start being different products, and where the honest answer is sometimes "keep Monarch".
Prices and features below are from each product's published pages as of September 2026; check both before deciding.
| Monarch | HaraPro | |
|---|---|---|
| Built for | Households budgeting and tracking net worth | Owners with personal accounts and one or more businesses, trusts or rentals |
| Price | Core $14.99 a month or $99.99 a year; Plus $199 a year | Free for one business; Starter $29 a month; Pro $79; Unlimited $199 (annual plans 17% less) |
| Bank connections | Yes, unlimited accounts | Yes, 12,000+ banks through Plaid, or PDF statement upload |
| Business accounts | Sync as accounts; no separate books per business | Each business is its own entity with its own books, P&L and tax view |
| Loans between your entities | Not modeled | Each payment linked to the specific loan, both sides updated |
| Tax | Not a tax product | Live forecast across entities: estimates, S-Corp salary, deductions |
| Estate | Not covered | Trusts, wills, powers of attorney, directives, personal property memo |
| Household sharing | Two users on Core | Owner plus invited CPA or advisor |
| Trial | 7 days | Free tier, no card, no time limit |
Budgeting, first. Monarch's category budgets, rollover handling, recurring-transaction detection and cash flow views are mature, and the Core plan covers two people on one subscription, which is the right shape for a couple. Its net worth view aggregates everything it can connect to, including loans and property values, and its investment tracking is adequate for someone who wants to see allocation without running a portfolio tool. The Plus tier adds longer-range forecasting and scenario modeling. If the household's finances are personal, Monarch is a complete product and HaraPro is more than they need.
Monarch treats a business bank account as another account in the household. That produces three problems that grow with the business. The business's cash shows up as the family's cash, which overstates what the household can spend and hides what the business owes; a $30,000 business balance that includes a customer deposit and next quarter's payroll tax is not $30,000 of family money. A transfer from the business to the owner is a transfer, not a draw or a distribution or salary, so the personal view has no idea which of those it was, and the tax consequences of each are different. And there is no place for the business's own books: no P&L by entity, no separation between what the LLC spent and what the family spent, nothing a CPA can use at year end. Owners usually respond by running QuickBooks for the business and Monarch for the family and reconciling the two by hand, which is the spreadsheet they were trying to retire.
The second business makes it worse, and a loan between the two makes it unworkable: Monarch has no concept of a note between two things you own, so the $25,000 your holding company lent your rental LLC is either invisible or counted as both an asset and a liability with nothing linking the monthly payments to it. Our guide to recording a loan between two LLCs shows what has to be tracked.
HaraPro starts from the entity, not the account. Each business, trust or rental is its own entity with its own accounts, books and P&L, and the family's personal accounts sit beside them in one login. Transactions are classified by AI within the entity they belong to, and money that moves between entities, or from a business to the owner, is labelled for what it is: a draw, a salary, a distribution, a reimbursement, a loan payment. Loans between entities are instruments: each payment is linked to the specific note, interest and principal are split, and both sides of the loan are updated from the one transaction, which no consumer app and no small business accounting tool we have found does. On top of the books sits a live tax forecast across entities, and a net worth view that looks through each entity to what it holds, eliminates what the family owes itself, and separates liquid from illiquid. Estate planning is built in, with the family's trusts, wills, powers of attorney and directives kept against the entities they concern. Our page for personal finance for owners shows the family view.
Where HaraPro is not Monarch: envelope-style budgeting is not the center of the product, there is no two-person household plan as such, and HaraPro is a web application rather than a mobile-first one. A couple that wants to argue about the grocery category every Sunday will prefer Monarch's tools for that.
| Situation | Monarch | HaraPro |
|---|---|---|
| Personal accounts only | Core, $99.99 a year | Not the right product; Monarch is |
| Personal plus one business | Core or Plus, $99.99 to $199 a year, business still tracked as accounts | Free, one business with books, forecast and net worth |
| Personal plus two or three entities | Same, with the entity problems above | Starter, $29 a month or $284 a year |
| Up to ten entities, rentals, a holding company | Not designed for it | Pro, $79 a month or $789 a year |
| Unlimited entities, trusts, estate | Not designed for it | Unlimited, $199 a month or $1,989 a year |
Keep Monarch if nobody in the household owns a business and the goal is a budget and a net worth number. Add HaraPro to Monarch if one person has a single business and the household wants to keep its budgeting where it is: HaraPro's free tier runs the business's books and the tax forecast, and the family's Monarch stays as it is. Replace Monarch with HaraPro when the household has two or more entities, a rental in an LLC, a trust, or any loan between things the family owns, because at that point the household's picture is the entity picture and no consumer app draws it. The switch costs nothing to test: one business is free forever and the personal accounts connect through the same Plaid link.
For a household with a business, yes. For a purely personal household, no; Monarch is a better budgeting app and HaraPro would be more than needed. HaraPro replaces Monarch when the household has entities, rentals, trusts or loans between them.
It can connect a business bank account and show it as another account in the household. It does not keep separate books per business, label draws or distributions, produce a P&L by entity or forecast tax.
Yes, and many owners with one business do: Monarch for the household budget, HaraPro's free tier for the business's books, tax forecast and the owner's net worth including the business.
Monarch is $99.99 a year (Core) or $199 (Plus). HaraPro is free for one business, then $29, $79 or $199 a month for three, ten or unlimited entities, with annual plans 17% lower.
It classifies every transaction and shows spending by entity and category, but envelope-style budgeting is not its center. If budgeting is the main need, Monarch does it better.