Debts

There is no separate Debts tab. Everything you owe, and everything owed to you, lives in the Net Worth tab as chips along the top, next to your accounts and assets.

I Owe

Loans and other money you owe to people, banks or companies. A liability, shown in red.

Credit Cards

Your credit-card accounts. Balances stay negative on the card; the chip total is the debt you carry.

Accounts Receivable

Money people owe you. It sits on the asset side and counts toward your net worth.

Select a chip to list its items under the I Owe, Credit Cards or Owed to Me header; each header shows the total in your display currency. The hub header works out net worth as assets minus liabilities and adds a Debt X of assets line so you can see how leveraged you are.

Empty chips explain themselves: No Debts invites you to track money you owe with per-person payment history, No Credit Cards waits for your first card, and the receivables chip reminds you that money owed to you counts toward net worth.

Every debt has a direction. I Owe means you are the one paying and the balance counts against you (red); Owed to Me means someone owes you and the balance is an asset (green). You choose it on the Direction rail of the debt form.

A Debt Type describes what kind of loan it is. Other Debt is the default:

• Mortgage
• Auto Loan
• Student Loan
• Personal Loan
• Medical Debt
• Other Debt

The other side of a debt is a counterparty: a Person, Company, Bank or Institution. Each has a type, a required name, optional notes and an optional icon. For a Person, the From Contacts button opens the system contact picker, so Guaca never needs permission to read your contacts.

In the debt form the counterparty picker is labelled by role: Lender when you owe the money, Borrower when it is owed to you.

To manage everyone in one place, select the Accounts Receivable, Credit Cards or I Owe chip and tap the group icon in the hub toolbar to open People & Entities. Each row shows the person or entity and how many debts are assigned to them.

• Tap Add Person or Entity to create one; the form is titled New Person or New Entity depending on the type you pick.
• Tap a row to open Edit Person or Edit Entity and change its name, notes or icon.
• Deleting a person or entity is safe for your numbers: their debts are kept but left unassigned.

Select the I Owe chip and tap + to Add Debt, or select the Accounts Receivable chip for Add Receivable. The quick-add sheet behind the tab-bar + also offers Debt and Receivable, and the onboarding step Add your debts lets you add one right away or choose I'll add debts later.

Every entry point opens the same short wizard, titled New Debt or New Receivable:

1. 1Who do you owe? (or Who owes you?): pick a person or entity, or skip this step and assign one later.
2. 2Name this debt (or Name this receivable), for example the loan product or the reason for the IOU.
3. 3How much do you owe? (or How much do they owe you?): enter the balance and tap Create debt or Create receivable.
4. 4The debt is saved at this point; the last stage shows the full form so you can add terms, then tap Done.

The full form, which is also what you see when editing, has a name with an icon picker at the top, the Direction rail, and these fields grouped under Details, Amounts and Terms:

Debt Type

Mortgage, Auto Loan, Student Loan, Personal Loan, Medical Debt or Other Debt.

Lender / Borrower

The counterparty. Pick an existing one or create a New Person inline.

Started

The date the debt began.

Currency

Defaults to your display currency. Payments made in another currency are converted before they reduce the balance.

Original Amount

What was borrowed at the start; the debt's progress bar is measured against it.

Current Balance

What is left today. It mirrors the original amount until you change it.

Interest rate period

Annual or Monthly. Monthly rates are converted to an annual rate when saved.

Interest Rate (%)

Used only for projections such as the payoff simulator and the debt-free countdown. Guaca never splits a payment into principal and interest.

Monthly Payment

Your regular instalment in the debt's currency. Keep insurance and fees out of it.

Has Maturity Date

Turn it on to set a Maturity Date, or tap a Term from start (months) chip: 12, 24, 36, 48, 60, 72, 84 or 96.

Notes

Anything else worth remembering about this debt.

Open a debt and tap + (Add Payment) in the toolbar. The regular transaction form opens in Investment mode with the debt preselected, so you only pick the account, amount and date.

You can also start from any transaction: the prompt under the type cards, Are you paying a debt or building your wealth? (or Are you collecting a debt or selling part of your wealth? for income), leads to the Investment card, and debts sit in the Debts section of the picker. With a debt selected the side toggle reads Pay or Collect, with no quantity field.

An expense on a debt you owe, or income on a debt owed to you, is a payment; the footer confirms Saving also logs this transaction as a payment that reduces the debt's balance. The opposite combination increases the balance instead.

• A normal transaction is saved on the chosen account: its balance moves, the payee is the counterparty and the notes read Debt: <name>.
• A linked payment row appears in the debt's Payments list.
• The debt balance goes down by the amount, converted first if the currencies differ.

Opening the linked transaction later shows an Apply to row and the note Logged as a debt payment. Edit or delete it from the debt's page. Payments are not edited in place: tap the trash icon on the row, confirm Delete this payment? and add it again. Deleting restores the balance and keeps the bank transaction.

The Payment plan card on the debt screen ties the debt to a recurring rule so instalments book themselves. It reads No payment plan until a rule exists, then Payment plan set.

1. 1If the debt has no Monthly Payment yet, tap Add payment details and set one under Terms.
2. 2Tap Schedule monthly payment: Guaca prefills a monthly expense rule with the counterparty as payee, the monthly payment as amount and the maturity date as the end.
3. 3Review the rule and save it; the card then offers Manage scheduled payment to reopen it.

You can also build the rule yourself from Recurring in the side menu: a rule can pick a Liability, and occurrences of this rule show up on the debt's screen under Recurring Payments, keeping its payment history in one place. Every occurrence you confirm logs a payment automatically.

Tap a debt in the hub to open its screen. The header shows the direction, counterparty and current balance, with a progress bar, Paid X% of the original amount and Since the start date. Once the balance reaches zero it simply reads Settled.

Details lists Debt Type, Interest Rate, Monthly Payment and Due, followed by Payments (date, account, notes, amount and a trash icon), Recurring Payments and Notes. Until the first payment the list reads No payments made yet. or No payments received yet. The toolbar has a pencil to edit and + to add a payment.

For unsettled debts you owe, the Debt payoff simulator shows how an extra payment changes your payoff:

Extra each month

A slider for what you could add on top of your Current payment.

Current plan / With extra

Payoff date and Estimated interest with and without the extra. No payoff date appears when the current payment never clears the balance.

Time saved / Interest saved

How much sooner you finish and how much interest you avoid.

Estimated annual rate

When no rate is set, Guaca infers one from the debt's terms and says so. Tap Review debt terms to enter the real one.

Use calculated payoff date

Adopts the date the simulator worked out as the debt's payoff date.

Create monthly goal for this extra

Creates a savings goal named Extra for <debt> for the extra amount.

Tap the pencil for Edit Debt, the full form described in Adding a debt. There is no archive or mark-as-paid action: a debt is finished when its balance reads Settled.

Credit cards are not debt rows but accounts of type Credit Card (see Accounts). They sit under the Credit Cards chip, tapping one opens the account detail, and the balance stays negative.

Current Debt

What you owe on the card right now; it shows as Credit balance when the card is in your favour.

Credit Limit

The limit granted by the issuer.

Available

The credit limit minus the current debt.

Statement Cycle

Statement closes and Payment due, each a day of the month.

Paying a card is a transfer, not an expense. If you try to record it as one, the form switches for you: Paying a credit card is a transfer. We switched to Transfer with the card as the destination. Recurring rules can use the card's Statement debt (X) as the amount, and Settings → Notifications has Payment due reminders.

The Debt-free countdown card on the Dashboard projects when your last loan is paid off. It is opt-in via Customize, and its message depends on what it finds:

• No liabilities: You're debt-free.
• Only card balances: Your debt with the total, and a reminder that statement balances count as debt until you pay them.
• Loans without a monthly payment: the total, Add a monthly payment to your debts to estimate when you'll be debt-free. and a Set up payoff plan button.
• Loans with payments set: Debt-free in N months, Total debt and Expected date.