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To track a loan or mortgage in finerd, add a Loans & Mortgage account and enter the amount you still owe as a negative number, such as −180,000 USD. finerd then counts it among your liabilities and subtracts it from your net worth. Each repayment is a transfer from your bank account to the loan, so the debt shrinks as you pay. Loan accounts are free on the web, Android and iOS. On Android you can’t enter a negative amount, so add the loan and set its balance on the web or in the iOS app. Financial Plan, where you can project the loan with an interest rate, is a finerd Pro feature on the web and iOS.

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How finerd records a loan

A loan account holds one number: what you still owe, with a minus sign. A mortgage with 180,000 USD left to pay has a balance of −180,000 USD. When you pay 290 USD off it, the balance becomes −179,710 USD. The sign matters. finerd doesn’t turn a loan amount negative for you: if you enter 180,000 without the minus, finerd treats it as money you own, shows it among your assets and adds it to your net worth. See If the loan shows as an asset. finerd doesn’t know your interest rate, term or payment schedule, and it doesn’t add interest to the balance. The balance changes only through the repayments and checks you record. To keep it in line with your lender, compare it with your loan statement from time to time; see Record a repayment. Loans can’t be connected to finerd. If your bank connection includes a loan, it arrives under Bank accounts with a negative balance, and a connected account can’t change its type.

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Add a loan or mortgage

In the example, a mortgage is tracked as Maple Street mortgage with 180,000 USD left to pay.
  1. Open Accounts, select Add account, then Loans & Mortgage.
  2. Enter a name, such as Maple Street mortgage, then select Continue.
  3. On Set current balance, type a minus first, then the amount you owe: -180000. You can use the − key on the calculator or on your keyboard.
  4. Check the currency and select Continue.
  5. Select Save.
Set current balance panel for Maple Street mortgage with −180000 in USD entered and the calculator below.

Enter the amount you owe with a minus sign.

finerd records the amount as the loan’s Initial balance. The loan appears in Accounts under Loans & Mortgage. If you already track the loan as another type of account, such as a bank account, open it and change the type with ⋮ > Change account type. The balance keeps its sign, so check that it’s negative afterwards. See Change the account type.

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If the loan shows as an asset

If you entered the amount without a minus, the loan counts as something you own. On the web, it shows in the Assets column of Accounts instead of Liabilities; on Android and iOS, the balance has no minus sign. Correct the amount you entered when you added the loan. In the example, Hatchback car loan was added with 12,000 instead of −12,000.
  1. Open Accounts, select the loan, then select its balance, such as USD.
  2. In Verified balances, select the check from the day you added the loan.
  3. Select the amount, enter it with a minus, such as -12000, then select outside the calculator to apply it.
  4. Select Save.
Verified balance for Hatchback car loan with the calculator open and −12000 entered.

Enter the amount again with a minus.

finerd recalculates the Initial balance from the corrected check, so the loan is negative from the start. For more about checks, see Correct or delete a check.

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Record a repayment

Record a loan payment as a transfer from the account you paid from to the loan account. The money leaves your bank account and the debt goes down by the same amount. finerd lists the payment as Unknown merchant, not Internal transfer, and doesn’t count it as spending. A payment to your lender usually covers interest too. Interest is a cost, so if you want it in your expenses, split it off: the interest part goes to an expense category, and only the rest reduces the loan. Your lender’s statement shows how a payment is divided. In the example, a car loan payment of 350 USD from Pine checking covers 290 USD of the loan and 60 USD of interest.
  1. Add a transfer: Add transaction on the web, + on Android and iOS, then Internal transfer or ATM.
  2. As the account the money left, choose the account you paid from, such as Pine checking, and enter the whole payment, 350.
  3. As the account the money went to, choose the loan. Loan accounts are listed under Loans & Mortgage.
  4. Check the amount received and continue. finerd opens the transaction.
  5. To record the interest, select Split next to To, choose an expense category, such as Bank fees, and enter the interest, 60. The loan line keeps the rest, 290 USD.
  6. Select Save.
For the full transfer steps on each platform, see Move money between your accounts; for splitting, see Split a transaction. To use a category of your own, such as Loan interest, add it first. On Android, an account connected to a bank isn’t offered in the transfer steps.
iOS transaction of 350,00 dollars titled Unknown merchant, from Pine checking to Hatchback car loan, with Split next to From and To and a Save button.

A repayment is a transfer from your account to the loan.

Transaction of $350.00 titled Unknown merchant, from Pine checking to Hatchback car loan $290.00 and Bank fees $60.00.

The interest part goes to an expense category.

After you save, the loan balance goes from −12,000 to −11,710 USD, and the 60 USD of interest appears in the Expenses report. If the payment came from your connected bank, finerd imported it as an expense. Open it and, in place of the category, choose the loan under Transfer To/From. If it isn’t shown, select Show all or search for it. Then split off the interest as in step 5. If you don’t split the interest, record the whole payment as the transfer. Your loan in finerd then goes down faster than at the lender. When you get a statement, add a verified balance to the loan with the amount still owed, as a negative number. finerd books the difference as a Balance correction, which changes the loan and your net worth but isn’t counted as spending.

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Where the loan shows up

Accounts lists your loans under Loans & Mortgage. On the web, the amount owed is in the Liabilities column, without a minus; the loan’s own page shows the balance with a minus. On Android and iOS, the list shows the balance with a minus.
Accounts filtered to two loans: Loans & Mortgage, 2 accounts, $191,710.00 under Liabilities; Hatchback car loan $11,710.00; Maple Street mortgage $180,000.00.

On the web, loans you owe are in the Liabilities column.

Net Worth adds your loans to Total Liabilities and subtracts them from your assets. Each month shows what you owed at the end of that month, so every repayment lowers the line. If a loan raises your net worth instead, its balance is positive: see If the loan shows as an asset.
Net Worth for October 2026 filtered to Maple Street mortgage and one more loan: −$191.7k; Total Liabilities $191.7k; Loans & Mortgage $191.7k.

Net Worth counts what you owe under Total Liabilities.

In Cash Flow on the web, repayments appear under Cash Outflows in Debts, with a line for each loan. The interest you split off counts in its expense category. Financial Plan, a finerd Pro feature on the web and iOS, adds your loans to a new scenario under Liabilities. Each loan starts with an Interest rate of 4% a year; change it to your loan’s rate. Under Payoff, choose Amount and enter the payment in Annual pay, or choose Period (years) and enter the years left in Pay years. An active loan needs one of the two before you can save the scenario.