Accounts
Accounts and net worth
Understand on-budget cash, tracking accounts, and how net worth is calculated.
On-budget vs tracking
- On-budget: cash and bank accounts that feed To be budgeted.
- Tracking: assets or liabilities you want to monitor but not budget against.
Example
Checking $5,000 + Savings $3,000 = $8,000 on-budget cash.
TBB starts from $8,000.
Net worth formula
Assets - Liabilities
Net worth includes every account unless you exclude archived accounts in settings.
Example calculation
Checking $5,000 + Savings $3,000 + Investment $7,000 - Credit card $700.
Net worth = $14,300
Step-by-step
- Add an account and choose the type.
- Turn on-budget on for cash you want to allocate.
- Import transactions or add them manually.
- Reconcile balances as statements arrive.
Use cases
- Cash envelopes: treat them as on-budget cash accounts.
- Investments: keep as tracking for net worth only.
- Credit cards: track as liabilities and pay down from budget.
Troubleshooting
- TBB is too high: make sure tracking accounts are not on-budget.
- Net worth seems off: confirm account balances and archived settings.
- Account balance drifting: reconcile and check missing transactions.