Share your feedback regarding the Net Worth Report here!

I missed this. Will check and update tomorrow

Hi @Coach Natalie, I checked this net worth when it came in Nov itself as early access. Since I joined in Nov, The history I have is only for 2 months. Instead of 15 years. What would make sense would be the historical net worth view. Otherwise I can just compared, income and spend month on month to take decisions. Networth for last 15 years is what would be eagle eye view of everything.

I just started a trial membership, and have been adding just a few accounts and seeing how things work compared to my current financial software. I loaded my bank accounts, and an auto loan, for which the balance is higher than the total of my bank accounts.

When I see my net worth at the top of the dashboard, the figure includes the total of both the bank accounts and the auto loan as assets, which is incorrect. I should have a negative net worth. The coach I chatted with indicated this is how the software is written. The software isn't correct if this is how new worth is calculated.

Why is the software written like this, and will it be corrected shortly? If not, I will end my membership before the trial period ends.

Net worth chart REALLY needs a +/- $$ for selected time period with a % gain or decrease for selected time period.

This chart is worthless unless I can see how much my net worth increased or decreased in a given time period by these 2 metrics.

For example: I like to set goals of a 10% NW increase each year so having that information right there will be critical for most people.

Currently, I need to manually subtract ending net worth by beginning net worth to see the $$ increase and do more manual calculations for % increase.

Please make this simple improvement!!!

I'm coming from Mint after 12 years and good Net Worth reporting was one of the primary reasons I used Mint. I'm trying Simplifi and hoping they improve the Net Income and Net Worth reports to be at least as useful as it was for Mint to justify my subscription cost. These two reports and monitoring account balances made up the majority of my usage, so that is why I am here providing my feedback on the Net Worth report.

1.) To improve the usefulness of the report, the Net Worth report needs to be displayed with Total Assets, Total Liabilities, and Net income as a line overlaying the two bars. Net Worth is calculated as Assets minus Liabilities. Being able to see the total assets and total liabilities on the same chart with the Net Worth line provides more meaningful context of the drivers of the change in net worth. Is the change being primarily driven by asset increases, decrease in debt, or both? Or maybe your assets and debt both increase significantly, but your net worth is barely affected. How much does monthly net income impact the change in net worth? You can't understand those things without the monthly total assets and total liabilities to go along with the net worth amount on the same report.

2.) The Net Worth report is essentially the same as a balance sheet and is a point-in-time report. Net worth fluctuates daily and those daily fluctuations are usually meaningless. Current Net Worth and reporting by month are by far the most useful ways to report on net worth, historical net worth, and net worth changes over time. I suggest the Net Worth report show current net worth and end-of-month net worth on a monthly basis, even if you use a custom time period of years. There is a lot more variation in monthly numbers than yearly net worth numbers would suggest.

Simplifi, please seriously consider making these improvements to Net Worth Reports for Mint users like me who are hoping Simplifi can be a suitable alternative to going back to using Excel or another product. I have included an example of the most useful Mint Net Worth report that showed data and information in a useful way (last 12 months with net worth by month, including total assets, total liabilities, and net worth) and I am hoping Simplifi can provide something similar. Thanks for listening.

The net worth reporting seems to work for "banking" type accounts (savings and checking). But the reporting doesn't work for investment accounts. When importing net worth history, it says it is successful. However, it doesn't show up in reporting. Under account settings when after changing the account type from investment —> to banking, the historical net worth shows up in reporting. After changing it back (banking —> investment) it no longer shows up in net worth. PLEASE FIX.

Hello friends :)

I was directed here to add my feedback regarding networth- I think the networth report is fantastic but something I do regularly is check my networth summery whenever I open the app

I find it very annoying that I have to scroll through two other summery cards until I reach the networth card every single time

On mint, whatever summery card you leave is the card that’s selected the next time you open the card- so it was great having my networth graph always at the top of the app every time I open it as that’s the thing I care about the most :)

Here’s what I wish Simplifi would have in terms of networth:

Ideally:

• A summery card displaying networth and banking information (cash/debt) combined
• Networth Graph on the Networth Summary card, preferably with a configurable duration

At minimal:

• The ability to rearrange summery cards so that I can set the networth card to be first/default anytime the app is opened!

These are all quality of life suggestions which I would be grateful for should you decide to take them into consideration! Thank you ^^

I am new user moved from Mint. I noticed just like others that net worth is calculated every day but shown only once for a month in the report. It would be nice if there is a graph that shows the net worth over days instead of months!

Now my main concern. I believe the net worth is not getting calculated accurately. Let me explain. When I sync all my accounts on the last day of the month (usually in the morning/afternoon time), the app calculates its net worth for that month at the point of time. However please note that my bank accounts, investment accounts or the credit card accounts are not up to date at that point of time as the last day is not over (my saving account interests are calculated at the end of the day!). So when I sync next day (first day of the next month), it pulls all the data from previous day which is good. But unfortunately those data from that day are not getting calculated as net worth for the previous month! which is completely making me insane! I see the transactions all showing for that last day but the net worth did not include that. So obviously the net worth is not accurate for that month! The report needs to handle this use case.

Mobile app networth issue is fixed