Net worth, investments and debts

Net worth adds up your accounts, the investment and loan balances your bank connection reports, and anything you value by hand, with the history by month from the day Countorra started recording it. An account added later, or with no history, is drawn from its first known balance, so the chart doesn't jump; a bank you reconnect carries its history over instead of counting twice; an archived account stops after its last balance. Each account has a switch to count it or leave it out — just for you.

After-tax net worth sits beside it: your net worth less the tax Countorra calculates would be owed if your pre-tax retirement accounts (traditional 401(k), IRA and the like) were withdrawn and your investments with a gain were sold this year, on top of this year's income. How this is calculated explains it, and what it leaves out: the 10% early-withdrawal tax, holding periods (every gain is treated as long-term) and itemized deductions.

Investments shows each investment and retirement account's value, grouped by what it's for, and the interest and dividends paid into your bank this year. Holdings — each security's quantity, price and value, and the gain where your broker reports a cost basis — appear on Countorra Management and Countorra Tax; Countorra reads them from your brokerage and retirement accounts once a day. A bank connection made before they were added asks you, on the Bank connections page, to update it once to share them.

On Debts, Add a loan keeps a loan or mortgage your lender doesn't connect: the amount, rate, term and start date. Countorra calculates the schedule — each payment split into interest and what comes off the balance — and the balance goes down on each payment date, in your net worth too. Money owed to you tracks a loan you gave: record repayments as they come in; they lower what's owed and never count as income. If the money lands in a connected account, mark that deposit as a transfer.

Debts and credit shows what you owe on cards and loans, and how much of each card's limit you're using when your bank reports both what you owe and the credit still available. Card and loan payments on Recurring are listed with their dates. On Countorra Management and Countorra Tax, each card's and loan's rate, minimum payment and due date appear beside it as your lender reports them, with about what a month of interest costs at that rate. Countorra doesn't show a credit score.