Keeping track of your Net Worth is key to understanding your financial health.
There’s a simple formula for calculating your Net Worth at any point in time.
Net Worth = (Total Assets) — (Total Liabilities)
CashMaster knows the balances of all bank and other financial accounts that you’ve connected.
It adds all your positive balances from these accounts to your Total Assets figure and negative balances to your Total Liabilities.
To access your Net Worth Report from the main menu select: Reports > Net Worth Report
There are many assets and liabilities that won’t appear in the feeds from your financial institutions.
To get an accurate picture of your Total Net Worth you’ll need to add the values of these items to CashMaster manually.
Manually add assets and liabilities from the Net Wealth Report page.
From the main menu select: Reports > Net Worth Report
Use the two buttons in the top right to add assets and liabilities.
Don’t worry if you don’t know the exact value of an asset or liability.
You can edit details such as value later directly from the Net Worth Report page.