Sure your belt can be a general match to the shoes. Burgandy to Oxblood, Light tan to darker tan. You can play a bit with texture and leather types as well. Although to me there is nothing worse than a polished calf dress belt with casual pebble grain derbies. And I personally prefer a suede belt with suede shoes.
However, your handbag MUST match your shoes, lest my grandmother spend eternity spinning in her grave!