Getting Started
Bring your core financial information together so MoniTrak can show what you have, what you owe, how money is moving and what you are planning next.
5 min readBEFORE YOU START
A useful financial picture starts with the information that matters most to you. You can continue adding detail as you use MoniTrak.
Add the bank accounts you want included in your cash position.
Add the credit cards you want to track.
Record enough transactions to understand recent activity.
Add recurring commitments or planning information when relevant.
STEP BY STEP
Start with your bank and cash accounts. Together, they show the cash currently visible in your MoniTrak workspace while each account remains separately identifiable.
Your individual account balances remain separate even when MoniTrak summarizes them into a wider cash position.
Credit cards add another important part of the picture. Keeping outstanding card balances visible alongside your cash helps distinguish money you hold from card obligations you still need to cover.
Credit-card outstanding balances are not treated as available cash.
Transactions explain how your financial position is changing. Categorized income and spending also provide the activity used by reports and other MoniTrak summaries.
You can continue adding and organizing transactions over time. Your financial picture does not need to be completed in a single session.
Recurring payments, installments and upcoming card obligations add useful context around money that may already be committed or expected to leave your accounts.
Commitments help explain what is coming next; they are different from transactions that have already been recorded.
Once the core picture is in place, use Budget, Forecast and Goals for different kinds of planning. You can use one, two or all three depending on what you want MoniTrak to help you understand.
Plan how monthly income should support your spending.
Explore how expected future inflows and outflows may affect projected cash.
Reserve part of existing eligible bank cash toward longer-term financial targets.
Budget, Forecast and Goals are separate planning tools: monthly spending, expected future cash and reservations of existing cash serve different purposes.
Return to Overview when you want a broad view of your financial position. It brings together important summaries from across MoniTrak and helps you decide where to look next.
Overview is your orientation layer. Use the dedicated feature pages when you need to work with the underlying information.
YOU'RE READY
MoniTrak does not require every feature to be configured before it becomes useful. Start with your core financial information and add more detail, analysis and planning as you need it.
NEED MORE HELP?
Visit the Help Center or get in touch if you can't find what you need.