Splitwise is a free tool for friends and roommates to track bills and other shared expenses, so that everyone gets paid back. On the web, iPhone, and Android!
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Which is more popular?
Based on our record, BareMetrics
seems to be more popular. It has been mentioned
2 times
since March 2021.
social mentions
2 vs 0
SaaS popularity
100% vs 0%
Base details
Website, pricing, platforms and company facts side by side.
Comprehensive Metrics BareMetrics provides a wide range of essential SaaS metrics such as MRR, ARR, churn rate, customer lifetime value, and more, giving you a thorough understanding of your business performance.
Real-Time Data It offers real-time analytics and reporting, allowing businesses to make informed decisions quickly based on the most current data available.
Ease of Use The platform is known for its intuitive and user-friendly interface, making it accessible for users with varying levels of technical expertise.
Customer Segmentation BareMetrics allows for detailed customer segmentation, enabling businesses to target specific groups with tailored strategies and offerings.
Automated Reporting It provides automated and scheduled reporting, reducing the manual effort required for regular business performance reviews.
Third-Party Integrations BareMetrics integrates seamlessly with various third-party platforms such as Stripe, Braintree, and Recurly, allowing for smooth data syncing and enhanced functionality.
Possible disadvantages
Pricing BareMetrics can be relatively expensive compared to other analytics tools, which might be a considerable investment for small businesses and startups.
Limited Customization The platform may have limitations in terms of customizing reports and dashboards, which can be a drawback for businesses with specific and unique needs.
Learning Curve While the interface is user-friendly, there might still be a learning curve for new users who are not familiar with SaaS metrics and analytics.
Dependency on Third-Party Services The effectiveness of BareMetrics is heavily dependent on its integrations with third-party services like Stripe, which means any issues with these services can impact the functionality of BareMetrics.
Data Privacy Concerns As with any third-party analytics service, there are potential data privacy concerns, especially for businesses handling sensitive customer information.
Support Limitations Some users have reported that support options are somewhat limited or slow, which can be a challenge when dealing with urgent issues or needing quick assistance.
User-Friendly Interface Splitwise provides an intuitive and easy-to-navigate interface, making it straightforward for users to add expenses, keep track of debts, and settle up.
Multi-Platform Availability Available on the web, iOS, and Android, Splitwise ensures users can access and manage their expenses from almost any device.
Expense Tracking The app allows users to easily log and categorize expenses, which can be particularly useful for group trips, shared households, or any shared financial responsibility.
Flexible Split Options Users can split expenses equally, by percentages, shares, or custom amounts, providing flexibility in how costs are divided among group members.
Currency Conversion Splitwise supports multiple currencies, which is handy for international travel or groups with members from different countries.
Bill Reminders The app sends reminders for outstanding balances, helping users to stay on top of their payments and avoid forgotten debts.
Integration with Payment Platforms Splitwise can integrate with payment platforms like PayPal and Venmo for easy settlement of balances.
Possible disadvantages
Privacy Concerns Since Splitwise involves sharing financial information with others, there could be privacy concerns for those unwilling to share detailed expense data.
Subscription-Based Features Some advanced features, such as expense exporting and additional integrations, require a Splitwise Pro subscription.
Manual Entry Requirement Splitwise requires users to manually enter expenses, which could be time-consuming and prone to errors if not done diligently.
Limited Automatic Reconciliation While Splitwise helps track who owes whom, it does not automatically reconcile or pay off balances, leaving users responsible for manual payment.
Dependency on Group Honesty The accuracy of the expense records relies on the honesty and diligence of all group members, which may not always be reliable.
Potential for Confusion The various options for splitting bills (equally, by shares, etc.) can sometimes lead to confusion or disputes among users over what is fair.
Analysis
An editorial look at what each product does well and who it suits.
BareMetricsSplitwise
Overall verdict
Yes, BareMetrics is generally regarded as a good tool for businesses that need in-depth analysis of their subscription metrics. It offers a comprehensive suite of features that can help businesses make informed decisions and streamline their financial reporting processes.
Why this product is good
BareMetrics is considered a good choice for subscription businesses that rely on Stripe, Braintree, and other payment processors. It offers real-time SaaS analytics, providing insights into metrics such as MRR, LTV, and churn rate. Its user-friendly interface and ability to consolidate data into actionable insights make it a valuable tool for businesses looking to understand and optimize their financial performance.
Recommended for
BareMetrics is recommended for startups, small to medium-sized enterprises, and established subscription-based businesses that utilize payment gateways like Stripe, Braintree, or PayPal. It's especially useful for companies seeking to gain better insights into their revenue streams and make data-driven decisions to enhance growth.
Overall verdict
Splitwise is a highly effective tool for managing shared expenses, especially if frequent splitting of costs is involved. Its features make it easy to track who owes what, and its automatic calculations save time and reduce errors.
Why this product is good
Splitwise is popular because it simplifies sharing and tracking expenses among groups, making it ideal for roommates, friends on trips, or any group spendings.
It automatically calculates balances and reminds users about payments, reducing the awkwardness of asking others for money.
Offers a user-friendly interface both on web and mobile apps, which makes managing expenses convenient and accessible.
Supports multiple currencies, which is great for international travel groups.
Integration with payment platforms like PayPal and Venmo for easy settlement of debts.
Recommended for
Roommates who need to regularly split household bills and expenses.
Groups of friends or families who often travel together and need to manage shared travel costs.
Colleagues or classmates working on projects or events that require shared funding.
Anyone who wants to avoid the hassle of manually tracking and settling shared expenses.
Baremetrics can be considered as the diluted version of ChartMogul. Apart from the fact that Baremetrics provide payment analytics for Stripe and other payment processors (not PayPal). The one-click, zero...
Splitwise is among the most commonly used group payment apps that can easily keep a systematic record of all your informal debts including restaurant bills, travel expenses, cost of accommodation, and much more. With...
Splitwise employs an intelligent algorithm to calculate the exact amount owed by each user. It shows who paid for what, how much amount was paid by each member, and any outstanding balances. Furthermore, the...
For example, shared items like appetizers would be split among the entire group or just a few people in the group. The app can handily accommodate large parties by allowing you to add up to 10 people to each group....
Recommendations tracked on public social media and blogs since March 2021.
BareMetrics2 mentionsSplitwise0 mentions
How do you calculate net profits from revenue for your startup or SaaS app?
One solution out there is https://baremetrics.com/ that can connect to your stripe account and get you some analytics from it. Not sure they have integrations with accounting software though.
Source:
almost 5 years ago
Baremetrics (https://baremetrics.com/) does a really great job for subscription accounts and related revenue. Also, they have this awesome Academy section where they define each of the metrics and help you understand them better.
Source:
about 5 years ago
Tracking Splitwise since Mar 2021.
Alternatives to BareMetrics and Splitwise
When comparing BareMetrics and Splitwise, you can also consider the following products.
ChartMogul
ProfitWell
Baserow
Canny.io
ChurnBuster
ChurnKey
Databox
Tricount
Settle Up
Splid
Spliit
YNAB
ihatemoney
Splitser
