> ## Documentation Index
> Fetch the complete documentation index at: https://recontrol.money/docs/llms.txt
> Use this file to discover all available pages before exploring further.

# Assets, liabilities, income and expenses

> The four classes, each with its own screen: what you have, what you owe, what comes in, and where it goes.

| Class | Answers | Its figure |
| - | - | - |
| **Assets** | What do I have? | Held today |
| **Liabilities** | What do I owe? | Owed today |
| **Income Sources** | What comes in? | In over the period |
| **Expenses** | Where does it go? | Spent over the period |

Each class screen shows its figure, its change with its base ("+₹2,14,300 since 1 May"), a chart, and its accounts, largest first. There is no net worth: no figure nets the classes together. See [the four classes](https://recontrol.money/docs/concepts/accounts.md).

## Kept by hand or connected

A hand-kept account changes only when you record a transaction or **Update Balance**. A connected one shows what the bank reports. Disconnected, it keeps its history and becomes hand-kept.

## Acts

* **Update Balance** sets what a hand-kept account holds on a day; the difference is recorded as an adjustment, not income or spending.
* **Mark Paid in Full · ₹42,310** on a hand-kept liability records the whole amount as paid, today, from the space's **Default From**.
* **Record Again · ₹1,10,000** on a source repeats its latest receipt, today.

The last two come with **Undo**. Recontrol records the payment; you make it with your bank.

## What an account adds

A connected investment shows its **Holdings**; a connected card or loan its **Next Payment** and **Terms**; a source **Last Received** and **Next Expected**; a category **Regular Payments**. Expenses offers [Sort Your Spending](https://recontrol.money/docs/tasks/sort-what-synced.md).

On longer periods, **Usual Month** (on the web, **Per month**) shows the average complete month, with the median, each over the months it counts.

## Rename, merge, delete

In an account's **⋯**: **Merge** folds one account into another of the same class and currency, with its transactions and plans. **Delete** removes it and its balance history; its transactions stay, with this side blank.

See [Add an account](https://recontrol.money/docs/tasks/add-an-account.md).


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