Using the Net worth page
The Net Worth report (Budgets & Reports > Net Worth) provides you with an overview of your total financial position, including any assets and liabilities not represented as bank accounts. This means you can add assets such as a house or car, as well as any liabilities such as a car or personal loan 🏡 🚗 💰
In this user guide
The Net worth report
The Net Worth report displays your total net worth based on the current value of your assets, liabilities, and account balances. This is displayed at the top of the page. The report is then divided into two main sections:
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
What I owe
Any accounts that currently have a negative balance, as well as any mortgages, loans or other liabilities that have been added to your PocketSmith account
Listed under each of the sections ( What I own or What I owe) you'll see the following information for each asset, liability, or account:
- The name of the account, asset or liability
- The type of asset (property, vehicle etc), liability (loan, mortgage, vehicle etc) or account (bank, credit card etc)
- The current value
- The date the current value was last updated
- For any asset that is linked to a liability, you'll also see the liability it is linked to
You can edit the details or settings of an account, asset, or liability listed on your Net worth page by clicking on its name in the Net worth report. For more details about editing the details of your assets and liabilities, see the user guide: Managing your assets and liabilities
For more details about editing accounts, see the user guide: Edit the details of your accounts
The Net worth graph
At the top of the page, the Net Worth graph displays the changes in your net worth balance for the past 3 months (in green or red), and the forecasted balance for the next 3 months (in blue or red.)
- Green in your graph reflects a positive balance
- Red in your graph reflects a negative balance
- Blue in your graph represents a positive forecast balance
- Brown in your graph represents a negative forecast balance
Hover over any point on the graph to see the date and the balance. If you hover over any day 90 days from the current day, a daily forecast balance will be displayed. Beyond this, a weekly forecast balance will be displayed
If you don't want the graph to be displayed, you can hide it by clicking the X in the top right corner. To reveal the graph, click the graph icon
Viewing scale options for the Net worth graph
There are two different Viewing scale options for the Net Worth Graph, click the ZOOM OUT or ZOOM IN button to change between the two.
This option shows an overall view of your total where the y-axis begins at zero. The minimum and maximum values of your net worth graph are listed to the left of the graph.
To get a better view of changes to your net worth, you can zoom the graph in.
This option shows the changes to your net worth over the past 3 months as well as the forecasted balances for the upcoming 3 months (blue). The figures beside the graph represent the minimum and maximum values based on this 6 month period.
Viewing a larger date range
On the Net Worth page graph, you can view the past 3 months and your upcoming 3 months, but not further than this in either direction. The great news is that you can view your net worth position on a past or future date in a few different places - including on the Dashboard and on the Calendar ✨
Viewing net worth on the Dashboard
On the Dashboard, 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 (as shown below) or the forecast balance if hovering over a future date:
Viewing net worth on the Calendar
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.
Adding a new asset or liability
You can easily add a new asset or liability from the toolbar.
For more details on what to do when adding an asset or liability, check out the following user guide: Managing your assets and liabilities .