See what you own and owe in finerd, compare balances over time, and separate money movements from changes in the value of your assets.
Net Worth shows the value of the accounts you track in finerd, minus what you owe. It brings money, investments, property and debts into one total, so you can see how your financial position changes over time.Net Worth is free in your personal space on the web, Android and iOS. Net Worth Change is also free in your personal space, on the web only. The more detailed Forex & Capital Gains report is web-only and needs Pro. This article covers personal finances; Balance Sheet is a separate report for business spaces.
Net worth is assets minus liabilities. For example, 8,000 USD in money plus a car valued at 12,000 USD, minus a 5,000 USD loan, gives a net worth of 15,000 USD. If what you owe is greater than what you own, the result is negative.finerd uses the accounts and balances you have recorded:
What you track
How it contributes
Bank accounts and Cash
Money held in your accounts. A negative balance lowers the total
Stock & Crypto
The value of the holdings recorded in those accounts
Property
The recorded value of real estate, vehicles and other property
Loans & Mortgage
The remaining amount you owe lowers your net worth
Debt
Money someone owes you raises your net worth; money you owe lowers it
Money on the way
Money moving between connected accounts is included too
This is a guide to the main account types, not a separate list to fill in inside the report. Add missing accounts through Create an account; record people you owe or who owe you through Track debts.All report totals are in your space’s primary currency. One account can hold several currencies or assets; finerd combines their values into one amount in the report. A change in an exchange rate or asset price can change that amount even when the quantity you hold stays the same. A property balance entered as 12,000 USD remains that recorded dollar amount until you update the balance; finerd does not appraise the car or home for you.
Each column is a balance at the end of a month, quarter or year, rather than the income earned during it. For the current period, the report uses recorded balances and current rates. The line shows net worth; the colored parts show the account groups behind it.The groups follow account type, so read negative amounts with their signs. For Loans & Mortgage, a debt you owe must have a negative account balance: −5,000 USD appears as 5,000 USD in liabilities and lowers net worth. A positive loan-account balance has the opposite effect. In particular, money owed to you can appear as a negative amount under Liabilities: subtracting that amount increases net worth.
Web
Android
iOS
Open Reports in the sidebar, or under More if you have hidden it from the sidebar.
Select Net Worth.
Read the amount and period above the chart: they describe the last period in the report.
Below the chart, compare Total Assets and Total Liabilities. Select the arrow beside an account group to show its accounts. Scroll the table sideways to reach later periods if needed.
Net Worth combines account balances into one total in the space's primary currency.
Open Reports in the tab bar, or under More.
Tap Networth.
The last period starts selected. Tap another column to read that period’s total and the Assets and Liabilities below it.
Tap an account group to see its accounts.
Open Reports in the tab bar, or under More.
Tap Net Worth.
The last period starts selected. Tap another column to change the date, total and list below the chart.
Under Assets or Liabilities, tap an account group to see its accounts.
On iOS, the selected column determines the period shown below the chart.
Use Month, Quarter or Year to choose the distance between balance snapshots. Net Worth has no daily or weekly view and no accrual-month setting. To compare income and spending during those periods instead, use Income, expenses and cash flow.The account filter changes which accounts contribute to the total. Include keeps only your selection; Exclude leaves it out. A filtered total describes that selection, not all your finances.
Web
Android
iOS
Select the period above the chart.
Under Granularity, choose Month, Quarter or Year.
Select the first and last period in the grid, then Apply. A quick choice such as This Month applies immediately.
Select Account, choose Include or Exclude, select the accounts and then Apply. Clear filters returns to the default report.
Tap the period above the chart.
Under Granularity, select Month, Quarter or Year. Then set Start date and End date, or use a quick choice, and tap Apply.
Tap Accounts, choose Include or Exclude, select the accounts and tap Apply.
Tap the period above the chart.
Under Granularity, choose Month, Quarter or Year. Then set Start date and End date, or use a quick choice, and tap Apply.
Tap Account, choose Include or Exclude, select the accounts and tap Apply.
Choose the period and the distance between its balance snapshots.
A higher balance does not always mean new income. Transfers change individual accounts; an initial balance or balance correction changes the recorded balances; exchange rates and asset prices change the value of what you already hold.
Web
Android
iOS
Open Reports → Net Worth Change and choose the dates and accounts. You can also select an account name or an amount in Net Worth to open the change report for that selection. Selecting an amount uses that column’s period; selecting a name uses the whole report period.The columns explain the movement from the start to the end:
Column
Meaning
Opening
Value just before the selected period starts
Net flow
Net movement into or out of the account, valued at the rates used for the transactions
Realized gain
Gain or loss recognized when holdings are sold or exchanged
Unrealized gain
Change in the unrealized gain or loss between the start and end
Closing
Value at the end of the selected period
For a row, Opening + Net flow + Realized gain + Unrealized gain = Closing. Rounded display values can differ slightly when added together.Expand a group, then an account, to see its individual currencies or assets. Select Net flow on an account or asset row to open Turnovers. Selecting Realized gain or Unrealized gain opens Forex & Capital Gains, which needs Pro.In Forex & Capital Gains, Unrealized — start and Unrealized — end are balances of unrealized gains at the two dates; Unrealized gain is their change. These are different numbers. The end view also shows Cost basis and Market value for the holdings.For example, the test account below holds EUR with a cost basis of 200 USD and a market value of 185.69 USD. The difference is a 14.31 USD unrealized loss; it is not a new payment out of the account.
A change in value is shown separately from a realized gain.
Tap a column in Networth, then an account group and an account. Turnovers opens for that account and the period selected on the chart, with the balance changes behind it.For the separate Net Worth Change and Forex & Capital Gains reports, use the web app.
Tap an account group in Net Worth, then an account to open Turnovers. It opens the whole date range of the report, even if you had selected one column. Set the period in Turnovers if you want to investigate just one month.The summary separates the account’s currencies; the list shows movements and the balance after each one. Amounts recorded in Turnovers need not match the market valuation in Net Worth when exchange rates have changed.
Wallet opens in Turnovers with separate EUR and USD balances and the account's movements.
For Net Worth Change and Forex & Capital Gains, use the web app.
The report reflects what is recorded in finerd. If an amount looks wrong, check the account and the date before changing anything:
Missing money, property or a loan: check that the account exists and has the right balance. The report cannot include something you have not recorded.
A surprising historical amount: check the initial balance, dated transactions and later balance checks. An initial balance is the starting point; a current balance is what is on the account now; a verified balance is a check at a particular date. They are not interchangeable.
A debt pointing the wrong way: check whether the account says Owes me or I owe. See Track debts.
An unexpected currency total: inspect the currencies or assets inside the account and the valuation date. The same quantity can have a different value in the primary currency on another date.
