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Bluecoins

Guide

Debts, loans, and receivables

Track money you owe and money owed to you as accounts — loans, mortgages, payables, and receivables — grouped into the liabilities side of your balance sheet.

Bluecoins treats a debt as an account. Anything you owe — a personal loan, a mortgage, unpaid bills — can be a normal account with a balance that goes down as you pay it, and anything owed to you can be tracked the same way. Because debts are accounts, they get the full account toolkit: transactions, running balances, reports, and reminders.

Account Types for debts

When you set up an account you pick its Account Type, and the available types include the debt-oriented ones:

  • Loans — personal or bank loans.
  • Mortgages — property loans.
  • Payables — money you owe to others.
  • Receivables — money owed to you.
  • Other liabilities — anything else you owe.

Each Account Type belongs to an Account Group — Assets or Liabilities — and that group drives where the account appears in your financial statements.

Where debts appear in your statements

The two Account Groups are Assets (what you own) and Liabilities (what you owe), and the balance sheet is built from them. A loan account lands on the liabilities side automatically, and your net worth is assets minus liabilities — so tracking your debts in Bluecoins directly makes your net worth honest. See the balance sheet guide for how the report is built.

Step-by-step: set up and pay a debt

  1. Add the account — in the accounts list, add a new account and name it after the debt.
  2. Choose a debt type — Loans, Mortgages, Payables, or another liability type; the type decides where the account appears in your statements.
  3. Enter what you owe — set the starting balance to the amount outstanding today, and set the account currency if it differs from your main one.
  4. Save the account — it appears under liabilities, and its running balance is your current debt.
  5. Record each payment — add a transfer from the account you paid from to the debt account, then enter the amount, date, and any transfer fee. The debt balance drops by the payment.
  6. Add the interest — if the lender charges interest, record it as its own transaction against the debt account so the balance matches the lender’s statement.
  7. Schedule the repayment — set a reminder for the recurring payment and turn on auto-log, so each due payment is filled in for you. See the reminders guide.

What Bluecoins does not do

Bluecoins tracks the balance of a debt — what is owed at any moment, built from the transactions you record. It does not calculate interest or amortization schedules for you: the starting balance, the payments, and any interest charges are all entered as transactions, and the balance is the arithmetic result. If your lender charges interest, record it as a transaction and the balance stays accurate.

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