Check your net worth

Your net worth is everything you own minus everything you owe. Ask your AI and Pennyweight adds up the current balance of every account you track, across your ledgers, in a single step. If you haven't looked at your accounts yet, start with see your accounts and balances.

How to do it

1. Ask your AI for your net worth. It answers with your assets, your liabilities and the difference.
2. Ask to see it by account if you want to know where the number comes from. Your AI lists each account with its balance.
3. To check one ledger instead, ask for that ledger's accounts and balances.

What you'll see

Your AI gives you three figures: assets, liabilities and net worth. Net worth is the sum of every balance with its sign, so a debt subtracts from what you own. Pennyweight can also total the balances by account type, such as checking, savings and credit.

Every kind of account counts:

• Bank, savings and cash accounts.
• Credit cards and loans, as liabilities.
• Manual assets and liabilities you added yourself, such as a car. See add a manual account.
• People. Money someone owes you is an asset, and money you owe a person is a liability. See track money you lent or borrowed.

Net worth comes back in your display currency, which is your workspace currency unless you choose another. If any account uses a different currency, Pennyweight converts those amounts at the latest daily exchange rate and gives the rate's date. You also get assets, liabilities and net worth for each currency, at face value. If no rate from the last 7 days is available, you get the per-currency figures only. Each account's own balance is never converted. See choose the currency for totals across ledgers and accounts and totals in more than one currency.

In the web app, open Reports and choose Net worth. The page is titled "What you own, minus what you owe". It shows net worth, assets and liabilities, then a table of your accounts: assets first, largest at the top, then liabilities, largest debt at the top. Export CSV downloads one row per account with its balance. The page has no date range, because balances are a point-in-time snapshot. If you have no accounts yet, the page asks you to connect a bank or add an account.

Good to know

• Sorted by sign, not by type. Any balance below zero counts as a liability, even an overdrawn checking or cash account. Any balance above zero counts as an asset. See why a credit card shows a negative balance.
• It's a snapshot of today. Net worth uses each account's current balance. Pennyweight can't show your net worth over time. If you ask for a past date, the answer leaves out accounts you added after that date but still uses today's balances.
• Your AI covers every ledger except demo ledgers. Net worth from your AI adds up the accounts in every ledger in your workspace and leaves demo ledgers out. While a demo ledger is the one you're working in, it covers only that demo. See workspaces and ledgers and try Pennyweight with a demo ledger.
• The web page covers the ledger you're in. It totals the accounts in the ledger selected in the sidebar, in that ledger's currency. Accounts in another currency still appear in the table, and a note under the totals says that currency isn't included. See the built-in web reports.
• Hidden accounts still count. An account hidden from the sidebar is still part of your net worth.
• Linked accounts use the bank's balance. An account linked to a US bank counts the balance your bank reports.