> ## Documentation Index > Fetch the complete documentation index at: https://docs.guito.pt/llms.txt > Use this file to discover all available pages before exploring further. # How balances and net worth work > The logic behind balances, valuations, and total net worth. guito brings your accounts, investments, assets, and credits into a single view. To do that, it computes a balance for every account, values every asset, and adds it all up into your total net worth. ## An account's balance Every account, whether automatic, manual, or imported from a file, follows the same logic. The balance on a given day starts from a **reference point** and, where applicable, adds the movements that came after it. A reference point is a known balance on a specific date. There are two kinds: The balance your bank reports on a date, through automatic sync. It's the bank's word for that day. A balance you set by hand on a date: "at the end of this day I had exactly this much." ### Automatic accounts: the bank is the truth Each day's balance is the balance at the **end** of that day, and it already includes the day's movements, so guito doesn't add them again. While the day is running, it is the last balance the bank reported. Banks sometimes post movements dated that day after the day's last update. At the next day's update, if the bank's figures agree with each other (its balance and its movements), guito corrects that day to the balance it closed on; if they don't, the day keeps the last balance the bank reported. Before the first synced date, guito rebuilds the balance from the movements: the end of each earlier day is the bank's first balance minus the movements booked after that day, up to the first synced date. Movements you record by hand on an automatic account count for cash-flow tracking, but they don't change the balance. ### Manual accounts: your reconciliation plus movements On a manual account, you set a balance reconciliation, and guito adds the movements from there onward. For example: * On January 1, you set a reconciliation of €10,000. * On January 15, you record a €500 expense: the balance becomes €9,500. * On January 31, you record €2,000 of income: the balance becomes €11,500. Movements recorded on the **same day** as the reconciliation are absorbed: the reconciliation is the balance at the end of that day. Only movements **after** the reconciliation date change the balance. ### Starting balance when you create an account The "Starting balance" you enter when creating a manual account is a **start-of-day balance**: a point the balance grows from. Movements on that day and the days that follow are added on top of it. This is different from a later reconciliation, which represents the balance at the **end** of the day. On the web, this balance shows the date you chose, labelled "Opening balance": it is the balance at the start of that day. This applies to the movements list and to the account chart. In the net worth chart (and the Accounts chart) it only happens when the opening balance is the first point of your history; further along the chart, that point shows its own date. In the mobile app, it works this way once the next app update ships. When you edit the opening balance on the web, the form shows that date too; if you change it, the opening balance moves to the start of the new day. In the mobile app, the edit form does the same once the next app update ships. ## The role of reconciliation A reconciliation is useful both for correcting a history that has drifted from reality and for giving a starting point to an account that has none yet. Reconciliation is available on both manual and automatic accounts, except for Trading 212 cash accounts, whose balance comes from the broker. On an automatic account, it lets you seed the history before the first synced date, avoiding a flat line at €0. The step-by-step for creating a reconciliation lives in [Accounts](/en/features/accounts). If you set a reconciliation on the same day the bank reported a balance, your value wins. ## When a bank disconnects If a bank connection is no longer active — removed, consent expired, or suspended — the bank stops updating the balance. From then on the account behaves like a manual one: the movements you add adjust the balance. Reconnecting restores the normal behaviour. ## Every situation, summarised The balance for every date after that movement adjusts automatically, up to the next reconciliation, if there is one. Repeated movements are detected to avoid duplicates. Each period is independent: the first runs from the first reconciliation plus its movements; the second runs from the second reconciliation. The balance is simply the sum of all movements. To fix it, set a reconciliation on a past date with the known balance. ## Investments and assets: valuation, not balance Not everything has a bank balance. The other net-worth categories are **valued**: * **Investments**: each position is valued at the latest quote for the instrument, converted to your base currency when needed. * **Assets** (property, vehicles, and others): they're worth the most recent valuation you record. * **Credits**: the outstanding amount is computed from the amortisation schedule and the balance reconciliations you record. guito does not give investment advice. It describes products and shows their values factually, without recommending, ranking, or evaluating any instrument. ## From balance to total net worth The **Overview** page (`/overview`) brings everything into a single view: your total net worth is everything you own (accounts, investments, assets, cash) minus what you owe (credits and credit cards). The net-worth chart runs the same calculation day by day; on days with no new information, the last known value carries forward. ## Related pages Automatic and manual accounts, balance reconciliation, and account types. How open banking, authorisation, and renewing a connection work. The overview that adds up accounts, investments, assets, and credits. How investments are valued and what the quote warnings mean. This documentation is built and hosted on [Mintlify](https://mintlify.com), a developer documentation platform.