Chamber

Account Management

Account Management

Chamber's account management feature helps you track all your financial accounts in one place, monitor balance changes over time, and calculate your net worth.

Table of Contents

Account Types

Chamber supports five types of accounts:

Type Description Examples
Bank Traditional bank accounts Savings account, Checking account, Fixed deposit
Investment Investment accounts Stocks, Mutual funds, ETFs, Crypto
Wallet Digital wallets PayPal, Venmo, Apple Pay, Google Pay
Cash Physical cash Wallet cash, Emergency cash, Petty cash
Other Miscellaneous Gift cards, Store credits, IOUs

Adding an Account

  1. Navigate to Accounts in the sidebar
  2. Click "Add Account"
  3. Fill in the details:

Required Fields:

  • Name - A descriptive name (e.g., "SBI Savings", "Stock Portfolio")
  • Type - Select from the five account types
  • Current Balance - The current balance in this account

Optional Fields:

  • Logo - Chamber automatically recognizes bundled bank/payment/retailer brands from the account name. After creation, use Actions → Edit Account to upload a private JPEG, PNG, or WebP logo (maximum 1 MB) for an unknown institution, FD, PPF, EPF, or portfolio.
  • Notes - Institution, branch, opening context, purpose, nominee reminder, or a masked identifier.

Never store full account/card numbers, PINs, passwords, CVVs, OTPs, or recovery information in notes. Use only masked identifiers such as the last four digits.

  1. Click "Save"

FD, PPF, and EPF setup offers account notes and automatic institution matching. Existing accounts of every type can upload or remove a custom logo from Actions → Edit Account.

For PPF and EPF, use Add a one-time contribution for each actual lump-sum deposit. Nothing repeats automatically, so monthly amounts can vary or be skipped. If the deposit happened on the recorded-balance date, explicitly confirm that it was not already included in that balance; this prevents accidental double counting. Choose a funding account only when Chamber should also record a new transfer from it.

Tip: Create accounts for all your financial holdings to get an accurate net worth calculation.

Updating Account Balances

Keeping account balances current is important for accurate net worth tracking.

Manual Update

  1. Go to Accounts
  2. Click on the account you want to update
  3. Click "Update Balance"
  4. Enter:
    • New Balance - The current balance
    • Date - When this balance is from (defaults to today)
    • Note - Optional note (e.g., "Monthly update", "After deposit")
  5. Click "Save"

Why Track Balance History?

Each balance update creates a historical record. This allows you to:

  • See balance trends over time
  • View graphs of your financial growth
  • Track investment performance
  • Monitor spending from specific accounts

Best Practices

  • Bank accounts: Update weekly or after major transactions
  • Investments: Update monthly or when significant changes occur
  • Cash: Update as needed (weekly or monthly)
  • Wallets: Update when balances change significantly

Viewing Balance History

  1. Go to Accounts
  2. Click on any account
  3. View the "Balance History" section

Each entry shows:

  • Date - When the balance was recorded
  • Balance - The balance at that time
  • Change - Difference from previous entry
  • Note - Any notes you added

Balance History Graph

The graph on the main Dashboard and Accounts page shows:

  • X-axis - Time (months)
  • Y-axis - Balance
  • Lines - Different account types (Bank, Investment, etc.)
  • Stacked Area - Combined view of all accounts

Tip: Hover over the graph to see exact values for specific dates.

Deleting Balance History Entries

If you made a mistake:

  1. Open the account
  2. Find the incorrect history entry
  3. Click the delete icon
  4. Confirm deletion

Note: Deleting a history entry does not delete the account or affect other entries.

Editing an Account

  1. Go to Accounts
  2. Find the account you want to edit
  3. Click "Edit" or the edit icon
  4. Update the name, type, custom logo, or account notes
  5. Click "Save"

Use Update Balance separately when the recorded balance changes; this creates a retained balance-history entry.

Deleting an Account

Warning: Deleting an account is permanent and affects your data.

Permanent deletion is available only when the account has no protected transfer, goal-allocation, portfolio, or investment history. This prevents one account deletion from corrupting another account’s balance or destroying retained financial evidence.

When an eligible account is deleted:

  • Its balance history is deleted
  • Its private custom logo is removed
  • Associated expenses and loans remain but become unlinked

For an account with protected history, choose Actions → Archive Account instead. Archived accounts move to a separate Archived accounts section and remain restorable, but are excluded from account-group totals, net worth, transfer selectors, and new goal allocations.

Steps:

  1. Go to Accounts
  2. Open the account’s Actions menu
  3. Choose Delete for an unreferenced account, or Archive Account to preserve linked history
  4. Confirm permanent deletion when applicable

Understanding the Dashboard

Stats Cards

The Accounts page displays summary cards:

Card Description
Net Worth Assets minus credit-card liabilities
Card Debt Total current credit-card outstanding
Bank Balance Sum of all Bank-type accounts
Investments Sum of all Investment-type accounts
Wallet Sum of all Wallet-type accounts
Cash Sum of all Cash-type accounts

Account List

Active accounts are grouped into Banking, Credit Cards, Investments, Wallets & Cash, and Other; inactive accounts appear only under Archived accounts. Groups start expanded and remember which sections you close on that browser until you reopen them.

Use the List and Grid controls to switch between the compact grouped list/table and account cards. The selected view is remembered on that browser.

Each row or card shows:

  • Automatically matched brand logo or a private custom upload
  • Account name, type, and notes
  • Current balance, respecting the global amount-privacy setting
  • Last updated date
  • Account actions

Net Worth Calculation

Your net worth is calculated as:

Net Worth = Total assets - Credit-card outstanding

This includes:

  • ✅ Bank accounts
  • ✅ Investments
  • ✅ Digital wallets
  • ✅ Cash
  • ✅ Other accounts
  • ➖ Credit-card outstanding as a liability
  • ➕ Credit-card overpayments/refunds as card credit

Net Worth Dashboard Widget

The main Dashboard shows:

  • Current Net Worth - Total across all accounts
  • Trend - How net worth has changed over time
  • Graph - Visual representation of net worth history

Factors Affecting Net Worth

Your net worth changes when:

  • You update any account balance
  • You add or delete accounts
  • Investment values fluctuate (update manually)
  • You record an expense against an account

Paying a credit-card bill does not change net worth: the source account and the card liability decrease by the same amount.

Best Practices

  1. Add all accounts - Include every financial account for accurate net worth
  2. Update regularly - Weekly for bank accounts, monthly for investments
  3. Be consistent - Use clear, descriptive names
  4. Track investments separately - Don't mix with bank accounts
  5. Review trends - Check the graph monthly to see your progress
  6. Archive inactive accounts - Rather than deleting, keep for historical records

Integration with Other Features

Expense Tracking

When adding expenses:

  • Select the account under Paid with
  • Bank, wallet, and cash expenses reduce that asset balance immediately
  • Credit-card expenses increase current card outstanding without changing a bank balance
  • Use Pay card on the Accounts page when money leaves your bank account
  • A card payment is a transfer and is not counted as a second expense

Credit-card example

For a ₹10,000 credit-card purchase:

  1. Chamber records ₹10,000 of spending on the purchase date.
  2. Card outstanding increases by ₹10,000.
  3. The bank account remains unchanged.
  4. When Pay card is used, the bank balance and card outstanding both decrease.
  5. Spending remains ₹10,000; the payment is not counted again.

Current outstanding includes all posted card purchases. Statement balances, minimum payments, and due dates will be tracked separately in a future statement workflow.

Loan Tracking

Loans you've given are tracked separately and not included in net worth calculations until repaid.

Related Features

Questions? See the FAQ or Troubleshooting Guide.