Update: Add Manual Accounts

Feature update to track account data manually through user input. Track Real Estate, Crypto or Illiquid Long Term assets with this feature.
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Nathan Garcia

Update: Add Manual Accounts

Track Real Estate and Illiquid Long Term Assets

Get a better view of your finances by tracking your account data manually.  A Manual Account can be used to track Real Estate, Crypto Wallets and other long term assets. A Manual Account will only be updated when you update the value or holdings. When you connect your accounts with Pocket Plan your balance, transactions and holdings are updated at least daily. This ensures that you can act on updates or activity in your account.

How to Enter a Manual Account

Entering a manual account is easy to do. You’ll want to enter the essential information to track the value over time. Remember this information will be shown on your Pocket Plan Net Worth statement.

Institution Name

Account Name

Account Subtype

Purchase Date

Account Value

Instution Name
Name of the custodian that is holding your account. To track your home value you'd track your Institution Name is "Home". If you were tracking a Coinbase Crypto Wallet your Institution is Coinbase.
Account Name
The name of the account. For your home this could be the street address, ie: 5850 Waterloo. For a Coinbase Crypto Wallet it would just be Coinbase or Crypto Wallet
Account Subtype
The type of account that it is. For instance, a home would be a Personal Residence. A Crypto Wallet would be Crypto Wallet.
Purchase Date
This is the date you bought the asset. If you don't remember then you can guess. This date is helpful for tracking taxability or basis.
Account Value
The value of the assets that you want recorded. These values will be updated when you update the manual account.

How to Update a Manual Account

You’ll want to update your manual account any time there’s a significant price increase or change in value. The frequency that you update your data will be based on how necessary it is for your to have accurate values in your scenarios and Pocket Plan reports.

If you have questions or need help check out our Knowledge Base.

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