Net worth discrepancy

lwyman

Can anyone explain why the net worth that is shown in "Reports" doesn't agree with the net worth that is shown on the "Dashboard" summary? For me, it's off by about $8K.

Coach Jon

Hello @lwyman,

Thanks for reaching out! To clarify your situation, is the Net Worth shown in Reports off, or is the amount in the Dashboard off? If it is off in Reports, I would check to see if you have the report filtered to exclude an account or something along those lines. https://support.simplifi.quicken.com/en/articles/4592676-using-reports-in-quicken-simplifi#h_34a28c6396

-Coach Jon

lwyman

@Coach Jon - the correct amount is reflected in "Investments", and now I see that the "Net Worth" report picks up the same amount in that's in "Investments" - not the amount on the Dashboard. It's the issue of the Dashboard showing what is reported from the most recent balance from the bank (when Simplifi updates), and the Investments showing the most recent market change, base on realtime stock quotes. I didn't realize that the Net Worth report picked up the most recent market change from investments - and I still can't figure out why the Dashboard isn't synched with that more recent figure. It just makes for confusion when running reports. Why have two different valuations at the same time?

Coach Jon

Hello @lwyman,

Thanks for the reply. We do have an idea post that covers the topic of consistent balances across the program for Investments that you can vote for here:

https://community.simplifimoney.com/discussion/6556/investment-balances-should-be-consistent-across-the-app

-Coach Jon