Supported Account Types

Track Every Account in One Place

NivoaFlow supports a range of account types so you can see your complete financial picture. Each account has a name, optional institution, currency, and balance.

Asset Accounts

These are accounts where you hold money or value. They contribute positively to your net worth.

• Chequing — your everyday spending account
• Savings — standard savings and high-interest savings accounts
• Investment (Manual) — manual tracking for brokerage accounts, RRSPs, TFSAs, FHSAs, and other holdings
• Property (Manual) — real estate you own, such as your home or a rental property
• Vehicle (Manual) — cars, trucks, or other vehicles with a tracked value
• Cash — physical cash or cash wallets not held at an institution
• Other Asset (Manual) — anything else with positive value, such as collectibles or receivables

Liability Accounts

These represent money you owe. They reduce your net worth.

• Credit Card — balances and spending on your credit cards
• Line of Credit — personal or home equity lines of credit
• Loan — personal, student, car, and home loans (mortgages are tracked here)
• Other — any other debt or obligation, captured under the generic Other type

How Classification Works

Each account type is automatically classified as either an asset or a liability. This classification drives your net worth calculation:

Net Worth = Total Assets - Total Liabilities

You do not need to set this manually — NivoaFlow handles it based on the account type you choose.

Key Details for Each Account

When creating an account, you will set:

• Name — a label you recognise (e.g., "TD Chequing," "Scotiabank Visa")
• Institution — optional, helps with organisation
• Currency — CAD, USD, GBP, or EUR (see multi-currency accounts)
• Balance — starting balance for manual accounts, or synced automatically for connected accounts
• Interest rate — for credit cards, lines of credit, and loans, used by the debt planner