Using the Net worth page

The Net Worth report (Reports > Net Worth) provides you with an overview of your total financial position, including any assets and debts not represented as bank accounts.

This means you can add assets such as a house or car, as well as any debts such as a car or personal loan 🏡  🚗 💰

The Net worth report

The Net Worth report displays your total net worth based on the current value of your assets, debts, and account balances. The net worth total is shown on the left. 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 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 show the individual assets and debts and their value.

Adding a new asset or debt

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.

Net Worth page viewing options

Hide $0 accounts

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

Expand all sections

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

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

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. 

ZOOM OUT

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. 

ZOOM IN

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

Balance graph widget

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:

Net worth widget

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.

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.

Hiding an account from the Net Worth page

If there is a specific account you would like to hide from the Net Worth page you can do this from the accounts settings.

Head to Manage > Account summary > Other settings.

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