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Open Net Worth Docs

Accounts

What this solves

Accounts lists everything you own or owe. It’s where you open an account’s register (the ledger) and see its running balance — net worth is built entirely from what’s kept here.

Add an account

  1. Open Accounts, click Add account.
  2. Pick a type by search or by group: Cash (checking/savings), Investments (brokerage, crypto), Retirement (not freely withdrawable), Property & other (illiquid, not live-priced), Credit cards, Loans & mortgages.
  3. Name it, choose its currency (fixed at creation), optionally set its institution.
  4. Type-specific fields are optional (used only for reminders/projections): credit limit, statement close/due day for a card; APR, principal, minimum payment for a loan; APY for savings.
  5. Choose on-budget (draws down envelopes, feeds Ready to Assign) or off-budget — Open Net Worth defaults per type, override if needed.
  6. Set the opening balance — one fact: amount + start date, recorded as a “Starting Balance” transaction, not a separate field.

Or click Describe your account and tell Lucius in plain words (“My DBS savings account, about 50k”) for it to fill in type, currency, and starting balance for you to review.

Edit, archive, or reconcile

  • Click an account to open its register; edit details from the header menu.
  • Archive instead of deleting once closed — deletion is refused while any transaction still references the account.
  • Reconcile when the real-world balance drifts: enter the real balance and the app books a one-off adjustment against your cleared transactions.
  • Import a statement or connect a live source from the account header — see Importing.

What Lucius can do here

  • List, create, update, or archive accounts; answer “what’s my net worth” by account.
  • Reconcile a balance and mark transactions cleared in bulk.
  • Trace how net worth has changed over time — a monthly series over 1M/3M/YTD/1Y/all-time, not just today’s figure.

Things that trip people up

  • Opening balance is one fact, not two — amount and start date come from the same transaction, nothing to drift out of sync.
  • Currency is fixed once created — wrong currency means a new account, not an edit.
  • Deletion is blocked while history exists — archive instead.
  • “Connect a bank” shows what syncing would do; it doesn’t sync by itself. Actually linking one depends on your connector setup (see Bank & brokerage connectors); most accounts here are entered and kept current manually or via import.
  • On-budget vs. off-budget affects your budget, not net worth — both count toward net worth either way.