Money owed either way, tracked until it's even. Assign income and expense transactions to a settlement and Rasa Money keeps a live running balance in any currency, with no installment schedule to set up.
A settlement is a running balance toward a person or company, without a fixed repayment schedule. Give it a name, an optional counterparty, a currency, and a target balance, then assign the income and expense transactions that move it. Income increases the balance, expense decreases it, and a positive balance means you owe them while a negative one means they owe you.
This is the right tool for splitting a shared bill, settling up with a roommate, or tracking a running tab with a client — anywhere a debt's fixed installments would be the wrong shape.
Only completed income and expense count toward the current balance, converted into the settlement's own currency at each transaction's date. The moment the current balance lands within a minor unit of your target, the settlement marks itself settled automatically. If a later edit or a new assignment moves it away again, it quietly reopens.
Set an optional target date and you get one reminder, in-app and by email, if the settlement is still open when it arrives.
Assign transactions in whatever currency they were recorded in. Each one converts into the settlement's currency using the rate on its own date, so the running balance stays in one place even when the underlying transactions are not.
Set a positive target for what you owe them, or flip They owe you for a negative one. The default target is zero, for simply settling up.
A settlement has no installment schedule and no required currency match — a debt does. The same expense can count toward both a debt and a settlement if that's genuinely how the money works.
They look similar but answer different questions.
| Settlement | Debt | |
|---|---|---|
| Schedule | None | Fixed installments |
| What moves the balance | Assigned income and expense | Paid installments and assigned expenses |
| Currency of assigned transactions | Any — converts automatically | Must match the debt's currency |
| Typical use | Splitting bills, running tabs, settling up | Loans, credit plans, structured repayment |
If you switch a settlement's currency, the target balance keeps its number — 50 stays 50 — it just changes which currency that number is in. Update the target yourself afterward if that matters.
A settlement is a running balance with no installment schedule, and it accepts transactions in any currency. A debt has a fixed repayment schedule and requires matching currency.
Yes. The two links are independent, so the same expense can count toward a debt and a settlement if that reflects how the money actually works.
Yes. Once the current balance is within a minor unit of your target, it marks itself settled. If a later change moves the balance away from the target, it reopens.
They keep their own record as ordinary transactions. Deleting a settlement only clears the assignment, never the transaction.
You can assign them, but only completed income and expense move the current balance.