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🏦 Account Types Explained
Which account type to choose – and what each one does.
Casviz supports 15 account types. Choose the one that matches the real-world product so dashboards and analytics work best.
| Type | Use it for | Good to know |
|---|---|---|
| Cash | Wallet money | Simple balance. |
| Bank Account | Current / salary account | Debit card balances show as “Linked to bank”. |
| Savings Account | Savings balances | Behaves like a bank account. |
| Debit Card | Your bank card | Balance is “Linked to bank”. |
| Credit Card | Cards with a limit | Set a statement day and a payment due day. Shows credit limit, % used, statement and due dates, and whether you are Overdue, Due or Upcoming. Appears in Analytics → Cards. |
| Loan | Money you owe with EMIs | Shows monthly EMI and due this month. Appears in Analytics → Loans. |
| Bill | Recurring bills (electricity, rent…) | Shows an OVERDUE / DUE / ACTIVE / CLEAR badge; works with Bill Alerts. Appears in Analytics → Bills. |
| Goal | Saving towards a target | Shows progress. Appears in Analytics → Goals. |
| SIP | Monthly investment plans | Has a Dashboard with Paid / Overdue / Upcoming. Appears in Analytics → Recurring. |
| Fixed Deposit | Term deposits | — |
| Recurring Deposit (RD) | Monthly deposit schemes | Has a Dashboard with Paid / Overdue / Upcoming. Appears in Analytics → Recurring. |
| Investment | Stocks, funds, gold… | — |
| Insurance | Premium tracking | Has a Dashboard with Paid / Overdue / Upcoming. Appears in Analytics → Recurring. |
| Asset | Property, vehicle, valuables | — |
| People | Money lent to / borrowed from people | — |
Assets and liabilities
On the Accounts tab, Assets are the accounts with a positive balance and Liabilities are those with a negative balance (for example a credit card you owe money on, or a loan). Net Worth = Assets + Liabilities (liabilities are negative). Accounts marked Exclude from totals or Hidden are left out.
Upcoming, Due, Paid and Overdue
Credit cards, bills and SIP / Insurance / Recurring Deposit accounts all use the same four words:
| Status | Meaning |
|---|---|
| Upcoming | Still building up (the current cycle is open) or the due date has not arrived yet. |
| Due | The statement or installment has been generated, it is unpaid, and its due date has not passed. |
| Paid | Settled. Payments are applied to the oldest unpaid amount first and are never counted twice. |
| Overdue | The due date has passed and it is still unpaid (shown in red, with “Was due <date>”). |
Working with credit cards
- When you create the card, enter its statement day and payment due day. Each cycle runs from the statement day of one month up to (not including) the same day of the next month; the statement is generated at the end of the cycle.
- The due date is the first payment-due day after the statement day. Example: statement on the 5th and due day 25 → due on the 25th of the same month; statement on the 18th and due day 7 → due on the 7th of the next month.
- An expense on a credit card increases what you owe.
- Unpaid balance carries forward. If you do not pay a statement in full, the remainder is added into the next statement. Credit cards are the only account type that does this.
- Paying the card bill is a transfer from your bank account to the card. Any payment made after the statement (even inside the new cycle) reduces the statement first; the card’s Dashboard shows “X of Y statement paid”. With Transfer-Expense Settings you can choose whether such payments count as expenses.
- On the card’s Dashboard you see Overdue (was due on…), Due (pay by…) and Upcoming (spend since the last statement not yet covered by payments). An OVERDUE badge appears if a due date was missed.
Working with bills
- Enter the bill’s billing day (when the cycle closes) and payment due day. Casviz shows the open cycle and up to the last 6 closed cycles.
- A bill does not carry forward: an unpaid cycle simply stays Overdue on its own and is not added into the next amount.
- Record the payment as a transfer to (or income into) the bill account. Payments are applied to the oldest unpaid cycle first, and you can pay any time before the due date. A payment made after the due date still clears the cycle.
- Bill Alerts only remind you about cycles that are still unpaid (see Bill Alerts).
Working with SIP, Insurance and Recurring Deposit
- Enter the amount, due day and start date. Installments fall on the due day of every month (or every N months, depending on the frequency you chose) starting from the start month.
- Each payment you record settles the oldest unpaid installment that is already due; if nothing is due it prepays the next one. The account’s Dashboard shows the month’s installment as Paid, Overdue or Upcoming.
- The opening balance and balance adjustments you make are not treated as installment payments.
- These three types appear together in Analytics → Recurring.
Working with loans
Set the EMI when creating the loan. Pay EMIs by transferring money to the loan account. Analytics → Loans shows the EMI due this month and an “EMI Paid?” check.