Assets¶
Assets are your accounts and holdings — every source of value you want to track and include in your financial picture. Each asset holds its own transactions and has its own settings that influence how Tally Up values and forecasts it.
Asset types¶
Choose the type that best describes the account or holding:
Cash accounts¶
| Type | Description |
|---|---|
| Current Account | Day-to-day spending account |
| Savings | Savings or deposit account |
Investment accounts¶
| Type | Description |
|---|---|
| Investment | General stocks and shares account or brokerage |
| ISA | Tax-free savings wrapper (UK) |
| Pension | Defined contribution or self-invested pension |
| Private Equity | Stakes in private companies or illiquid investments |
Property¶
| Type | Description |
|---|---|
| Primary Residence | Your main home |
| Other Property | Secondary property, buy-to-let, or holiday home |
Other¶
| Type | Description |
|---|---|
| Vehicle | Car, motorcycle, or other depreciating vehicle |
| Art & Collectibles | Artwork, jewellery, or other collectible items |
The asset type controls which rates apply (growth, interest, dividends), how the asset is treated in the forecast, and which tax rules apply on disposal.
Adding an asset¶
Go to the Assets screen and tap Add. Fill in:
- Name — a label for this asset (e.g. "Halifax Current Account")
- Type — from the list above
- Current Value — the present balance or market value
- Currency — the currency this asset is held in (defaults to your base currency)
- Owners — the people this asset belongs to
Growth and return rates¶
Depending on the asset type, you can set:
- Return Rate — annual expected growth (for investments, property)
- Interest Rate — annual interest earned (for savings, cash)
- Dividend Rate — annual dividend yield (for investment accounts)
These rates drive the long-term forecast. Leave them at zero if you prefer the forecast to treat the asset as static.
Additional options¶
- Minimum Balance — a safety threshold; the forecast will not draw the asset below this amount
- Availability Lock — prevents the forecast from using the asset until a future date (useful for locked-in savings or a pension not yet in drawdown)
- Opening Value / Opening Date — if you want to track performance from a historical starting point rather than the current value
Organising assets into groups¶
Assets can be arranged into groups for display purposes. Groups can be nested. This is purely a visual organisation tool — it does not affect calculations.
To manage groups, use the group controls in the Assets screen.
Archiving an asset¶
When an account is closed or no longer active, you can archive it rather than delete it. Archived assets are hidden from the main view but their history is preserved.
To archive an asset it must have a zero balance and no open security positions. Tap the asset, open its settings, and choose Archive.
Archived assets can be shown by enabling Show Archived Assets in the Assets screen. They can also be permanently deleted from there.
Vehicles and depreciation¶
Vehicle assets support automatic depreciation. Set a depreciation rate and frequency (monthly, quarterly, or annually) and Tally Up will reduce the asset's value on schedule, keeping the forecast realistic.
Tips¶
- Start with the accounts you use most and add others over time. You do not need to model every asset on day one.
- Use the return rate honestly — optimistic assumptions compound significantly over a 30-year forecast.
- If an asset is held in a foreign currency, set its currency correctly. Tally Up will convert it to your base currency in reports using your stored FX rates.