Net worth
Assets, liabilities, and net worth at a glance.
The net worth report shows what you own minus what you owe, at any point in time. It’s the single-number summary of your financial position.
Open it from Reports → Net worth.
How to read it
The report has three columns:
- Assets. The sum of all positive-balance accounts: checking, savings, cash, and asset accounts.
- Liabilities. The sum of all negative-balance accounts: credit cards, loans, and liability accounts.
- Net worth. Assets minus liabilities.
Each row is a date — by default, the report shows one row per month going back to the oldest transaction in your file.
A positive net worth means you own more than you owe. A net worth trending upward over time means your financial position is improving.
A worked example
Suppose you have:
- Chase checking: $3,400
- High-yield savings: $11,200
- Discover card: –$840 (balance you owe)
- Car loan: –$8,200
Assets: $14,600
Liabilities: $9,040
Net worth: $5,560
If next month your savings grows by $300 and your car loan shrinks by $180, net worth goes to $6,040. The report shows that change as a trend line over time.
What affects accuracy
Opening balances. If an account has a wrong opening balance, every net worth number that includes that account will be off by the same amount. Correct opening balances in Account settings.
Asset accounts with manual values. If you have a brokerage account or a car entered as an asset, update its balance periodically for the net worth to reflect reality. PennyBolt v1 doesn’t pull market prices automatically.
Unreconciled accounts. If an account has transactions that haven’t been imported yet, the net worth for recent periods will be understated. Import and reconcile regularly.
See also
- Accounts — assets and liabilities in PennyBolt.
- Sankey flow — where your money goes month to month.
- Backups — your net worth history is worth protecting.