Worthic Knowledge base

When creating an Asset / investment account, Worthic asks two different questions:

1. How should this account be tracked? This determines whether Worthic records holdings, valuations, cash transactions and a running balance.

2. What type of asset or investment is it? This describes the account’s purpose and controls which investment options are suitable.

Choosing the tracking method first is important because not every investment type is available under every method.

a. Investment account with its own cash or transactional account

Choose this for a brokerage, retirement or similar portfolio where you want the most detailed record. Worthic tracks individual holdings and prices, investment transactions, linked cash balances, valuations and a running account balance.

A dedicated cash account is created in the selected currency, and a second cash currency may also be added. Purchases, sales, dividends, fees and cash movements can therefore be recorded separately from changes in the market value of holdings. This provides the strongest data for portfolio allocation, income yield, gain/loss analysis and XIRR performance calculations.

This method is best when statements contain both a securities portfolio and a cash ledger, or when transaction-level performance matters.

Available investment types:

• Discretionary brokerage
• Retirement account
• Managed portfolio
• Cash / money market
• Precious metals
• REIT / Listed Real Estate
• Crypto / digital assets
• Other

b. Asset or investment account without a dedicated cash account

Choose this when you want to track individual holdings and their prices but do not need a separate transaction ledger or running cash balance. Worthic records instruments, units, cost information and updated valuations, allowing the account to participate in the Investments overview, portfolio value, allocation and risk analysis.

Because there is no dedicated cash account, this method is simpler than investment tracking. It suits portfolios or assets for which you receive periodic valuation statements but do not need to reconcile every underlying cash movement.

Available investment types:

• Discretionary brokerage
• Retirement account
• Managed portfolio
• Fixed deposit
• Cash / money market
• Precious metals
• Collectibles
• REIT / Listed Real Estate
• Crypto / digital assets
• Other alternative
• Other

c. Asset or investment account without asset tracking (balance-tracking only)

Choose this when only the total value of the asset matters. Worthic stores the opening or current balance and as-of date, followed by manual or supported balance updates. It does not maintain individual holdings, investment transactions, a running cash ledger or instrument-level valuations.

This is appropriate for assets where detailed portfolio analysis is unnecessary or impractical—for example, a vehicle, household contents, directly owned property or an externally managed asset for which only a periodic total value is available.

Balance-tracking accounts can contribute to general asset and net-worth reporting, but they are not treated as managed portfolio accounts on the Investment Overview because Worthic does not have the holdings and transaction detail required for portfolio analytics.

Available investment types:

• Discretionary brokerage
• Retirement account
• Managed portfolio
• Fixed deposit
• Cash / money market
• Precious metals
• Collectibles
• REIT / Listed Real Estate
• Real estate
• Crypto / digital assets
• Vehicle
• Household goods
• Other alternative
• Other

Investment type options explained

Discretionary brokerage — A self-directed investment account in which the investor chooses securities such as shares, exchange-traded funds or bonds. Use investment tracking when trades and cash are available; use value tracking for holdings-only statements.

Retirement account — A pension, retirement annuity, provident, preservation or similar long-term account. The tracking method depends on whether detailed holdings and cash transactions are available.

Managed portfolio — A portfolio managed by an adviser, discretionary fund manager or wealth manager. Use detailed tracking when statements expose trades and cash; otherwise use value or balance tracking.

Fixed deposit — A deposit invested for a fixed term and interest rate. It is available under value or balance tracking because it normally has a single capital value rather than a portfolio cash ledger.

Cash / money market — A money-market fund, high-liquidity investment or cash-like portfolio. It can use any tracking method, depending on whether holdings, transactions or only a balance are available.

Precious metals — Bullion, coins or metal-backed holdings. Detailed methods can record holdings and valuations; an all-metals portfolio can be analysed by gold, silver, platinum, palladium and premium. Balance tracking is suitable when only a combined collection value is maintained.

Collectibles — Coins, art, watches, wine or other collectible assets. These are available under value and balance tracking, not the dedicated cash-ledger method.

REIT / Listed Real Estate — Listed property companies, REITs and property funds that behave like market investments. They can use all three tracking methods.

Real estate — Directly owned physical property. This option is balance tracking only. Rental-property operations and detailed property finances belong in Worthic’s Real Estate module rather than in a securities portfolio account.

Crypto / digital assets — Cryptocurrencies, tokens or digital-asset portfolios. Use investment tracking for trade and cash detail, value tracking for individual token holdings, or balance tracking for a single total value.

Vehicle — A car or other vehicle held as an asset. This is balance tracking only because it is valued as a whole rather than managed as an investment portfolio.

Household goods — Furniture, electronics and other household assets. This is balance tracking only and is generally used for net-worth or insurance-value purposes.

Other alternative — Alternative investments that do not fit the named categories, such as private equity, venture capital or specialist funds. It is available under value and balance tracking.

Other — A flexible option for an investment or asset that does not fit another type. It is available under every tracking method.

Summary: Asset and investment accounts and available tracking methods

How to choose

Use investment tracking when you have holdings, trades and a cash ledger. Use value tracking when you have individual holdings and valuations but no dedicated cash ledger. Use balance tracking when you only need the asset’s total value.

The most detailed method is not automatically the best one. Choose the highest level of tracking supported reliably by the source records. Complete, consistent balance data is more useful than incomplete transaction-level data.