Adding real estate, vehicles and other assets

Manual assets let you count things that aren't bank or investment accounts, such as a home or a car, in your net worth. You set their value, and it only changes when you update it.

Add a manual asset

1. Go to the Accounts page and find Manual assets.
2. Select Add a manual asset.
3. Pick a type: Real estate, Vehicle, Jewelry, Art, Collectible, Business or Other asset.
4. Enter a Display name and the Current value.
5. If you like, fill in Purchase price (optional), Annual change (optional) and Acquired (optional), plus any fields for that type, such as the address for real estate or the VIN and Mileage for a vehicle.
6. Save.

The asset now counts toward your net worth.

Values are not updated automatically

Mozaic does not estimate or look up what your asset is worth. The Annual change (optional) field is shown for your reference, but it is not applied to the value.

The value changes only when you add a valuation or record a payment.

Add a valuation

When you have a new figure, for example after an appraisal or a municipal assessment:

1. Open the asset.
2. Select Add a valuation.
3. Enter the new value and save.

This becomes the asset's current value, and your net worth updates with it.

Record a payment

Use this when an asset pays you money, for example a sale in installments or a payout from a business.

1. Open the asset.
2. Select Record a payment.
3. Split the amount between Return of capital and Counted as income.
4. Save.

The Return of capital part lowers the asset's value. The part Counted as income does not change the value.

Tip: A mortgage or car loan is a debt, not part of the asset. Add it as a separate account so your net worth subtracts it. See the related articles.

If something looks wrong

• The value hasn't changed in months: that is expected. Add a valuation whenever you have a new figure.
• The value dropped after a payment: the Return of capital part of a payment lowers the value. Record the next payment with the split you intend.