Confirming Your Data

Confirmation is how you tell NetFiscus: “My data is complete up to this date.”

The Simple Idea

Think of confirmation like closing the books at the end of a month. You’re saying:

“I’ve recorded everything I need to record. Calculate my numbers based on this.”

Until you confirm, NetFiscus doesn’t know if you’re still adding data or if you’re done. Confirmation draws a clear line.

What You’ll See

Each asset or debt shows one of two indicators:

This happens automatically - you don’t need to click anything when your dates are already in sync. The clock icon helps you spot assets that may need updating during batch updates (like end-of-month).

How It Affects Your Numbers

Your confirmed date acts as a boundary for all calculations:

P&L (Profit & Loss)

Only transactions up to your confirmed date are included. This means your P&L reflects verified data, not incomplete or estimated figures.

MWRR (Rate of Return)

Your return calculation spans from your first transaction to your confirmed date. Confirming to a later date extends the time period used in the calculation.

Example:

• You invest $1,000 on January 1st
• Your account is worth $1,100 on July 1st
• If confirmed to July 1st: MWRR calculated over 6 months
• If confirmed to December 31st: MWRR calculated over 12 months (different annualized rate)

Historical Charts

Your value and return charts end at your confirmed date. This keeps your historical view consistent with your summary numbers.

Currency Conversion

Exchange rates are pulled as of your confirmed date. This ensures all your multi-currency assets are converted using the same reference point.

Two Actions You Can Take

Mark as Up-to-Date

Use this when an asset’s value hasn’t changed, but its date is behind other assets.

What happens:

• Updates the confirmed date to match the max date across your assets
• The indicator changes from clock to checkmark
• Your actual recorded value stays the same

When to use:

• An asset shows “needs attention” but its value hasn’t changed
• You’ve updated some assets to a new date and want others to match
• The asset genuinely has the same value as before (e.g., a fixed deposit)

Reset to Latest Value

Use this to move your confirmed date back to your most recent recorded value.

What happens:

• Reverts the confirmed date to your last actual value entry
• Useful if you confirmed ahead but need to go back

When to use:

• You confirmed but realized you need to record a different value
• You want to undo a “Mark as Up-to-Date” action

A Practical Example

Scenario: You track 5 assets. All have their latest value recorded as of January 31st - all show checkmarks.

February 1st arrives. You update your brokerage account with a new value dated February 1st.

What happens:

• Brokerage: Shows checkmark (it’s at the max date - Feb 1)
• Other 4 assets: Now show clock icons (their Jan 31 date is behind Feb 1)

Your options for the other 4 assets:

• If values changed: Record new values for February 1st
• If values haven’t changed: Click “Mark as Up-to-Date” to confirm they’re current

This flow helps you quickly identify which assets need attention during batch updates like end-of-month.

Best Practices

1. Confirm monthly - After recording end-of-month values, confirm to lock in that month’s data

2. Don’t stress about it - Confirmation is flexible. You can always adjust it later.

3. Use it for clean reporting - If you want your dashboard to show “as of December 31st,” confirm to that date

4. Check the clock indicators - They help you spot assets that might need attention

Common Questions

Do I have to confirm? No. NetFiscus works without confirmation - it will use all available data. Confirmation just gives you more control over what’s included in your metrics.

What if I never confirm? Your calculations will include all data up to the current date. This works fine for most people.

Can I confirm to a future date? Yes. This can be useful when you know a value won’t change - for example, confirming a fixed deposit to the end of the month on a weekend when markets are closed.

Does confirmation affect my actual data? No. Your recorded values and transactions stay exactly the same. Confirmation only affects which data is used in calculations.