Reporting lines sit inside a workspace and define who or what you want to report on. A single workspace can contain personal, business and, where enabled by subscription, real estate reporting lines. Accounts, transactions, budgets, forecasts, reports and AI access can then be scoped to the correct line so that each person, company, property or activity can be reviewed separately while still belonging to one workspace.
Types of reporting lines and their attributes and capabilities
Worthic currently supports personal, business and real estate reporting lines. Personal reporting lines are typically used for individuals, households or family-level reporting. Business reporting lines are used for companies, trusts or business activities. Real estate reporting lines are used for properties and may include property-specific attributes such as reporting currency, jurisdiction, financial year-end month, short-term or long-term rental type, valuation details and real estate capability.
Real estate functionality is subscription-dependent. Some plans may allow real estate reporting on a cashflow basis only, while higher plans can enable broader real estate management features such as guest or tenant management, asset tracking, cost base tracking, expense account handling, tenant deposit management and multi-unit tracking.
Adding and editing reporting lines
To add a reporting line, go to the workspace settings menu, choose the reporting line type, enter a clear name, and complete the fields required for that type. For real estate lines, select a valid three-letter currency code and select the available real estate capability.
When editing a reporting line, keep the name practical and recognisable because it appears in account links, transaction allocation, reports and AI search results. Archive old reporting lines rather than reusing them for a different person, company or property, as historical transactions and reports should remain attached to the correct reporting scope.
Ownership of reporting lines
Business and real estate reporting lines are owned entities, in other words a workspace owner can specify who owns the business or real estate asset. This determines how the business or real estate asset's account values flow through to the owner reporting lines. Only personal and business reporting lines can own reporting lines or accounts, since a real estate asset line is considered an asset rather than a legal entity.
The ownership model within Worthic allows multi-level ownership structures. For example, an individual may own 100% of a business that owns 50% of another business and a real estate reporting line. Net worth reporting and statements of accounts are ownership aware.
Account ownership by reporting lines
Personal and business reporting lines may be owners or part-owners of accounts within the workspace. Account ownership is reflected in net worth reporting and statements of accounts. Accounts may include transactional, liability and asset/investment accounts.
The owner of a real estate reporting line is also the owner of the real estate value account, expense account, and deposit account linked to that real estate reporting line, in the proportion of ownership specified in the real estate line's ownership setting.
To set or edit an account's ownership settings, go to workspace settings, click Manage accounts, and select the account. Account settings can also be accessed from the selected account card on the Accounts page.
Reporting line usage of accounts
When adding or editing an account, link it to the reporting line or lines that use it. This is important for transactional accounts, liabilities, mortgages, investment accounts and tracked assets. If an account is only used by one line, link it directly to that line. If it supports more than one person, business or real estate line, link it to each relevant line and make the ownership or usage relationship explicit.
When a reporting line is set as a user of an account, transactions in that account can be allocated to that reporting line for reporting purposes.
To set or edit an account's users settings, go to workspace settings, click Manage accounts, and select the account. Account settings can also be accessed from the selected account card on the Accounts page.
Allocating transactions to reporting lines
Transactions should be allocated to the reporting line they economically belong to. During review, check that each transaction has the correct line, category and account. If a payment covers more than one reporting line, split or allocate it appropriately rather than leaving it under a single line. For example, a payment that includes personal and business expenses should be split between the two reporting lines.
Use consistent rules for recurring items such as salaries, rent, loan repayments, subscriptions, property expenses and transfers. Correct allocation improves dashboards, cashflow reports, AI answers, exports and year-end reporting.
Types of reporting available for each reporting line
Personal and business reporting lines support cashflow reporting, transaction exports, budget and forecast reporting and ownership-aware statements of accounts. Workspace-level reports can consolidate all permitted reporting lines.
Real estate reporting lines can support property-specific reports, depending on subscription and enabled features. These include - Monthly cashflow statements, Annual profit and loss statements, Occupancy reports, Assets and depreciation reports, Expense account statements, Guest lists, Deposit account statements and Cost base reports.
Reporting line scope
Reporting line scope controls which reporting lines a user can see, query and work with. In Worthic, a user’s role determines what they are allowed to do, while their reporting line scope determines which reporting lines, accounts, transactions, documents and reports those permissions apply to.
For example, a user may be allowed as a viewer, but only for one company, one property or one personal reporting line. This scope also applies to AI access: when a user asks Worthic a question, the answer only draws from reporting lines and records that fall within that user’s permitted scope.
Use reporting line scope when inviting bookkeepers, property managers, family members, business partners or advisors who need access to specific financial areas without exposing the full workspace.
Reporting line attributes summary
| Personal | Business | Real estate | |
|---|---|---|---|
| Can be owned | No | Yes | Yes |
| Can own reporting lines | Yes | Yes | No |
| Can own accounts | Yes | Yes | No |
| Can be account users | Yes | Yes | Yes |