Assets

An asset is anything with a value that belongs in your picture. Bank and credit-card accounts, brokerage portfolios and individual securities, crypto, property, vehicles, a stake in a company, and the loans you owe, which count as negative.

Assets are the backbone: your net worth is the sum of them, and almost every transaction belongs to one.

Automated or manual

Each asset is one or the other, and the difference is only where its numbers come from.

• Automated assets are fed by a bank connection, a securities feed or a crypto price source. Balances and transactions arrive and refresh on their own.
• Manual assets are ones you maintain. A flat, a car, a private holding, a bank the connection providers do not cover.

A manual asset is not second class. Update a flat's value twice a year and it contributes to net worth exactly like an account that refreshes nightly.

Two ways an asset carries value

Some assets are worth the sum of what has moved through them: a current account's balance is its transactions added up. Others are worth whatever you say they are worth on a given date, and their history is a series of valuations rather than a ledger — property, a car, a company stake.

Walletguide supports both, which is why a variant appears as either a transaction-driven account or a total value one. A total-value asset gets a new figure whenever you record one, and the value between two entries is carried forward rather than interpolated.

Liquidity

Every asset is marked liquid, semi-fixed or fixed. Cash is liquid, a brokerage account is usually semi-fixed, a flat is fixed.

This drives the net worth by liquidity widget, and it is the answer to a question a single net worth number cannot express: how much of it could you actually reach this month.

Currency

An asset has its own currency, and keeps it. Totals convert into the wallet's base currency at the rate for the date being asked about.

Groups, archiving and history

Asset groups organise the list. Archiving takes an asset out of pickers and current totals while keeping its history queryable, which is what you want for an account you have closed.

Removing an asset's transaction history before a date is its own operation, with a preview of what would go, because it is not reversible.