Why is Net Worth ignoring new debt transaction?

UghJustLetMeReadNow

My net worth is $10,000 as of June 10. I realize that I was missing a debt account which I add and I put in a transaction in this account for $2000 of debt back in December of the previous year. Instead of this $2000 debt being recognized from December until now it is not recognized until the day that I created the account. The net worth should be impacted from the date of the transaction to the current date. I have seen some really flaky stuff like this happening over and over again sometimes my net worth bounces up and sometimes it bounces down and I can't tell what the heck is going on. Is anyone else having this kind of problem?

In other words the net worth should be $8000 every single month after December and instead it is $10,000 January until June and then drops to $8000.

DannyB

QS starts tracking balances that affect your net worth on the day the account is created. But you can import balance history that I think will give you a way to see the impact of your debt on your net worth from when it was incurred, but don't quote me on it.

See this article for how to import historical account balances:

https://help.simplifimoney.com/en/articles/8912157-how-to-import-account-balance-history

Personally, I have not felt the need for a deep net worth history in QS, but for other's this seems to be very important and you will find much discussion in this forum about the issue if you do a search for "net worth".

Good luck!

Coach Jon

Hello @UghJustLetMeReadNow,

Thank you for reaching out! @DannyB provided a great answer here for you, and additionally, I would like to also share this idea post that I believe aligns with what you want out of Quicken Simplifi. You can vote for and follow this post for further updates!

https://community.simplifimoney.com/discussion/4780/net-worth-report-start-tracking-balances-on-the-date-of-opening-transaction-edited

I hope this information helps!

-Coach Jon

UghJustLetMeReadNow

Thank you @DannyB and @Coach Jon! I appreciate the workaround and the link to the other conversation thread. I upvoted the idea post and will try the import method. Thanks very much for the information!