netclariq vs. apps that connect to your bank
Aggregators offer convenience: connect your bank and transactions show up. The trade-off is handing over credentials or a standing consent over your accounts to a third party, and the picture is still incomplete because the mortgage, the property or the portfolio often stay outside it.
No formulas to maintain
Every entry updates net worth, budget and portfolio automatically, checked with simplified double-entry bookkeeping.
No bank credentials required
No open banking or standing permissions: you log entries manually or import a CSV, and your bank login stays with your bank.
One consolidated figure
Accounts, debts, property and investments in the same view, with a monthly net worth history.
| Criterion | Bank aggregator | netclariq |
|---|---|---|
| Access to your accounts | Credentials or a renewable consent over your real accounts | No access at all: manual entry or CSV import from your own statement |
| Maintenance | Connections that expire, banks that fail to sync, duplicate transactions | Low maintenance: what you record reconciles and propagates on its own |
| Categorization | Automatic but opaque, hard to bulk-correct | Your own rules that you apply and edit, with categories you define |
| Debt and mortgages | Usually only shows the instalment charged to the account | Full amortization schedule, real outstanding balance and prepayments |
| Property and other assets | Out of scope for most aggregators | Non-financial assets with valuations and history |
| Investments | Broker balance, without FIFO cost basis or real return | Portfolio with FIFO cost basis, IRR and realized gains by year |
| Accounting consistency | Loose tagging: a stock contribution can be counted as an expense | Simplified double-entry bookkeeping: every dollar has an origin and a destination |
| Data portability | Limited or no export options | Full data export and account deletion in a couple of clicks |
What convenience actually costs
A bank connection means a third party can continuously read your transactions and, in some cases, your login details. If that's uncomfortable, manual entry or a monthly CSV import is a reasonable trade: a few minutes a month in exchange for no one else seeing your accounts.
The real monthly effort
In practice, most people download the month's statement and import it with a guided column mapper; categorization rules handle the bulk of it, leaving only a few transactions to review.
- CSV import with guided column mapping
- Reusable categorization rules
- Ready-made templates for accounts, transactions, debts and investments
When netclariq isn't your tool
We'd rather tell you now than after your 30-day trial.
- If you want transactions to appear automatically every day
- If you don't want to spend a few minutes a month recording or importing
Frequently asked questions
- Will bank sync be added later?
- It's not on the roadmap. Staying independent of bank connections is a product decision, not a technical limitation.
- How long does it take to record a month?
- With CSV import and rules, most users close out the month in a few minutes.