Glossary
Ledger and accounts
Base currency — the one currency every total and report is shown in. Individual accounts can hold any currency; everything converts to base currency for anything that adds up. See Base currency and FX.
Kind — what a transaction actually is: expense, income, transfer, adjustment, or
investment. Different from category — see The ledger.
On-budget — whether an account’s balance is treated as part of your budgetable cash (used for Ready to Assign math). A retirement account, for example, is typically off-budget.
Split — one transaction whose amount is divided across more than one category.
Starting Balance transaction — the special first transaction in an account’s history that represents what it held when tracking began. See Accounts and opening balances.
Unsorted — a transaction with no category. A real, permanent, valid state — not a placeholder. See Categories.
Budgeting (the Plan tab)
Envelope — a budget pot with its own name and (optionally) a savings target — distinct from a category, though categories link to envelopes. See Envelopes and budgeting.
Ready to Assign (RTA) — money that hasn’t been assigned to any envelope yet.
Target — a savings goal attached to an envelope, measured one of a few different ways depending on what kind of goal it is.
Commitment — a dated obligation (a purchase plan, a loan repayment) with its own funding envelope, kept automatically in sync with what’s due.
Investing
Position — how much of an instrument you hold, in a specific account.
Lot — one purchase within a position, carrying its own cost basis and purchase date. Selling consumes lots (oldest-first by default, or a specific lot if you choose).
Cost basis — what you actually paid for a lot, including fees.
Realized gain — profit or loss locked in the moment you sell, computed from the specific lots that sale consumed. Unrealized gain — the live difference between an open position’s current value and its cost basis; recalculated every time you look, never stored.
Unvested (locked) — equity compensation you’ve been granted but don’t own yet; excluded from your net worth until it vests. See Net worth.
Net worth
Liquid net worth — bank cash plus brokerage settlement cash, minus short-term debt. Narrower than your total net worth on purpose. See Net worth.
Lucius and the AI assistant
Lucius — the AI assistant built into Open Net Worth. Reads and can update your data when you approve it, subject to the permissions you’ve set.
Connector — an integration Lucius (or the app) can use once you turn it on — a search provider, email ingestion, a chat channel, a bank/brokerage link. Disabled by default.
Automation — a task Lucius runs on a schedule without you present, rather than in response to a message you send. See A scheduled Automation didn’t run.
Always allow / Needs approval / Blocked — the three levels a tool Lucius can call may be set to. See Lucius says he can’t do that.
Checkpoint — a snapshot the app takes automatically around AI-driven changes, so an AI-made write can be rolled back.