Accounts

import { Steps, Tabs, TabItem } from ‘@astrojs/starlight/components’;

Accounts are the foundation of your financial tracking in Allowealth. They represent where your money lives and what you owe. By organizing accounts into classes, you can see a complete picture of your financial health.

Overview of Accounts

Allowealth groups accounts into three main categories:

• Liquid Accounts: Cash, bank accounts, and e-wallets that you can access immediately.
• Non-Liquid Accounts: Investments like mutual funds, bonds, stocks, and cryptocurrency.
• Debt Accounts: Credit cards and loans that represent your liabilities.

Portfolio Summary

The summary cards at the top of the page provide an instant view of your financial position:

• Total Accounts: The sum of all your liquid and non-liquid assets.
• Total Debt: The total of all your liabilities.
• Net Worth: Your total assets minus your total debt.
• Account Allocation: A visual breakdown of how your wealth is distributed across different account types.

Time Navigation

Use the month selector at the top to view historical snapshots. Past months show read-only data, while the current month allows full editing and balance updates. Click Today to return to the current period.

Add New Accounts

You can register accounts individually or add several at once using the bulk tool.


<Steps>
1. Click **Add new account** in the action bar.
2. Enter a descriptive **Account Name** (e.g., "Chase Checking").
3. Select an **Account Category** to group similar accounts.
4. Choose the **Currency** for this account.
5. Enter the current **Initial Balance**.
6. Click **Register Account**.
</Steps>


<Steps>
1. Click **Bulk add accounts** in the action bar.
2. For each account, enter the name, type, currency, and balance.
3. Use **Add Row** to include more accounts.
4. Click **Create Accounts** when you are ready.
</Steps>

Manage Account Balances

Keep your financial data accurate by recording balance changes as they happen.

Update a Balance

1. Locate the account in the list and click the **Update** icon (pencil). 2. Select the **Date** the new balance was recorded. 3. Enter the **New Balance**. 4. Add an optional **Note** to document the reason for the change. 5. Click **Update Value**.

View Balance History

To see how an account balance has changed over time, click Timeline from the account’s “More actions” menu. This displays a chronological list of all recorded balance updates and transfers.

Edit Account Details

You can modify an account’s name, category, or owner at any time:

1. Click the **More actions** (ellipsis) icon on the account. 2. Select **Edit Details**. 3. Update the information in the modal. 4. Click **Save Changes**.

View Full Details

Click the Details link or the account name to open the dedicated account page. This view provides a deep dive into the account’s performance, current status, and full transaction history.

Transfer Between Accounts

Record money moving between your own accounts without affecting your income or expense reports.

1. Click **Transfer between accounts** in the action bar. 2. Select the source account in the **From** field. 3. Select the destination account in the **To** field. 4. Enter the **Amount** to move. 5. Add an optional **Note**. 6. Click **Transfer**.

Note: Both accounts must use the same currency to perform a direct transfer.

Organize with Categories

Categories help you group accounts for better reporting and organization.

1. Click **Categories** in the action bar. 2. Click **Add Category** to create a new group. 3. Assign a name and a color for easy identification. 4. When adding or editing an account, select the category from the dropdown menu.

Close and Archive Accounts

If you no longer use an account, you should deactivate it rather than delete it. This preserves your historical financial data.

1. Click the **More actions** (ellipsis) icon on the account. 2. Select **Deactivate**. 3. Confirm that you want to close the account.

Deactivated accounts are moved to the Closed Accounts view and no longer appear in your active lists.

Best Practices

• Update Regularly: Record liquid account balances weekly and investment balances monthly.
• Use Clear Names: Name accounts uniquely (e.g., “Ally Savings - Emergency Fund”) to avoid confusion.
• Preserve History: Always close inactive accounts instead of deleting them to maintain accurate net worth reports.
• Filter Your View: Use the search bar or the owner filter to quickly find specific accounts in a large portfolio.