Net Worth: An overview

The Net Worth total is shown on the left. The report is then divided into two main sections:

Assets (What I own)

Any accounts that currently have a positive balance, as well as any assets (including property) that have been added to your PocketSmith account

Debts (What I owe)

Any accounts that currently have a negative balance, as well as any home loans, vehicle loans or other debts that have been added to your PocketSmith account

In each of the Assets and Debts sections, you'll see groups of the different types of assets and debts and their totals. Clicking on a group will expand to show the individual assets and debts and their value.

You can easily add a new asset or debt from the buttons below the columns.

The asset and debt columns are paired so that related groups are next to each other (e.g. vehicle + vehicle loan):

For more details on what to do when adding an asset or debt, check out the following guide: Managing your assets and debts.

To hide all $0 accounts, debts and assets, toggle the option to Hide $0 accounts to on:

To view all your accounts, assets and debts at once, you can toggle the option to Expand all sections to on:

To display the Net Worth graph click on the graph icon in the top right corner:

You can configure the graph to show your combined Net Worth, or filter these results by selecting Assets or Debt:

Hover your mouse over a month to see a further breakdown of the figures:

Select a month to show you your Net Worth figures at the end of the month, including a breakdown of your Assets and Debts at this point:

Customise the accounts, assets and debts you would like to view on the Net Worth page by clicking on the Hide accounts option:

If there is a specific account you would like to hide from the Net Worth report you can also do this from the account’s individual settings via the Account summary page.

Head to Manage > Account summary > Other settings

From here, you can uncheck this option to hide the account from the Net Worth report and exclude the balance from your Net Worth calculation:

On the Dashboard, there are two great widgets to keep an eye on your net worth.

You can use the Balance graph widget to view your Net worth on a past or future date (for your forecasted net worth).

Under the widget settings, you can adjust the 'months past' and 'months ahead' to show to your liking. Ensure you have Actual balance ticked.

We also recommend ticking Zoomable to allow you to zoom in on the graph using the slider below it.

Then when using the widget, you can hover over the graph on your preferred date, and you'll see the actual balance or the forecast balance if hovering over a future date:

You can also add a net worth widget to your dashboard, where you can configure the settings to show the information you want to see.

Once added, you can toggle between the views to get a quick view of how you are tracking.

Alternatively, you can view your past and future forecasted net worth on the Calendar by ensuring all accounts are selected and enabling Show actuals in history. Then expand the date range of the graph to suit.

Note - you may also need to adjust the date slider below the graph.

You can then hover over the graph on your preferred date to see the balance. You can also click on the balance, and the Calendar below will update to show that date.

Yes! If your investment account can't be tracked via a bank feed you can add this account as an asset to your Net Worth page. We’ve got all the details here: Managing your assets and debts

Once your asset has been added, we recommend keeping the balance updated manually to reflect changes within the account. For information on how to do this please see: Updating the value of an asset or debt from the Calendar page

Assets are different to accounts, as they do not have transactions associated with them. If you do want to track regular contributions to your investment account, you can set up a transfer budget to automatically update the balance for you. To learn how to do this check out: Creating a transfer budget for an asset

If you’d like to set a fixed interest rate for an asset or debt you can do this from the Net worth page. Just click on the name of the asset or debt and head to Manage interest & depreciation to set the interest rate and the frequency with which it is applied.

Alternatively, if you would like to account for regular contributions to an asset or a debt you can set up a transfer budget. Assets are different to accounts, as they do not have transactions associated with them. If you do want to track regular contributions to your investment account, you can set up a transfer budget to automatically update the balance for you. To learn how to do this check out: Creating a transfer budget for an asset