Keep debts you owe separate from receivables owed to you. Record the other party, original amount, date, due date, payments, and remaining balance. Link every payment to the account used for the transfer.
Separate debts from receivables
A debt is your obligation; a receivable is money someone else should return. Mixing them can make your position look healthier than it is. Do not count an informal receivable as available cash until it is paid.
| Record | Minimum detail |
|---|---|
| Debt | Lender, principal, due date, fees or interest, repayments |
| Receivable | Borrower, amount given, expected date, repayments received |
| Payment | Date, amount, source or destination account, note |
Record every payment once
- Create the debt or receivable with its opening amount.
- Add a due date and a note describing the agreement.
- Record each payment when money moves.
- Distinguish principal from fees when that distinction matters.
- Confirm the remaining balance with the other party.
Squirio can connect debt and receivable activity to financial transactions. This avoids lowering a balance without showing which account funded the repayment.
Review obligations before budgeting
List near-term due dates before allocating flexible spending. Put required repayments in the monthly budget, and keep everyday records current with the daily expense routine.
A free tracker should not hide debt history, exports, or backups behind payment if these are central to your workflow.
A tracker organizes records. It does not replace a written agreement, lender statement, or professional advice for a dispute, tax issue, or complex interest calculation.