• Rosen Valchev

Navigating The Balance Sheet

Updated: May 1

The Balance sheet in Nordveld Flow displays vital information about your personal finances and your current financial situation. There you can see data about all of your current assets and liabilities (debts) in a comprehensive way so you always know exactly how much you own and how much you owe.

Let’s see some details.



My Assets - Cash 💰


On the top left side of the balance sheet, you can once again see your Net Worth, as well as what part of it consists of cash.


Right below that is the “My assets - cash” tab where you can see all of your connected accounts and manual accounts and their corresponding cash balance. Even if you have accounts in multiple currencies, the total amount will be converted to a main currency that you can choose from the settings tab.

You will also see a ✅ mark next to connected accounts and a ❎ mark next to your manual accounts. The date below indicates the last sync with the corresponding bank account or the last change in your manual account data.


My assets - investments/illiquid 📈



This tab is the place for all your other accounts with assets different from cash. These could be investment account, stocks, bonds, ETFs or a viable asset, like real estate or your vehicle.

All fields function in the same way described above (in all tabs in this sheet, actually). Below your total investment account balance, there is another total - a sum of your cash and investment amount. In other words, the total value of your assets.


My Debts and Liabilities - Short Term Credits 💳


On the left side of your balance sheet, you can see all of your liability (debt accounts) in grey. The first category reflects all of your short-term debts like credit cards, short-term personal loans, and other short-term debt.


Again you will be able to see all of your connected and manual accounts, their balance, and the last day of sync.


My debts and liabilities - mortgage/long term 🏡


The last tab on this sheet shows your long-term debts. These can include mortgage loans, long-term personal loans, and any other long-term debts you may have. It’s a very important field because it might have a substantial amount of influence on your financial balance.


The goal of the balance sheet is to give you an overview of your current financial picture. Your goal, on the other hand, would be to increase the value and number of your assets and decrease the amount and value of liabilities with time.


And Nordveld Flow can be your fellow partner in this lifelong journey. Easy. Automated. Effortless.

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