Wealth statement

Form 116 asks what you own and owe, and demands that the change in your net wealth is explained by your declared income and expenses.

It is one identity, not two

The wealth reconciliation is Phase 4's identity with the non-cash positions added to both sides. Substituting one into the other cancels the ledger's capital movements against the registers' and leaves five named error terms. Those terms sum exactly to the "unreconciled amount" you see — a test asserts it.

So a wealth gap is never a mysterious second failure. It is one of five things, each with a name and a screen.

The backlog wizard

An asset with no acquisition date means "already owned when my records began". That is what makes it count in every year's opening position, and it is why the backlog wizard deliberately has no date column.

Capital gain

Never stored. It is disposal proceeds minus acquisition cost, computed from the register, every time it is shown.