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!
Organize purchase receipts, track warranty deadlines, and download a searchable offline copy with your photos and PDFs.
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Which is more popular?
Based on our record, Craftybase
seems to be more popular. It has been mentioned
6 times
since March 2021.
social mentions
6 vs 0
Inventory Management popularity
100% vs 0%
alternatives listed
153 vs 240+
Base details
Website, pricing, platforms and company facts side by side.
Comprehensive Inventory Management Craftybase provides detailed inventory tracking for raw materials and finished products, helping small business owners maintain precise control over their stock levels.
Cost Tracking The platform allows users to accurately track the cost of goods sold (COGS), which is essential for pricing strategies and financial assessments.
Batch Tracking Craftybase supports batch tracking that enables users to track manufacturing and expiration dates of inventory, ensuring quality control and compliance.
Expense Management It includes features to log expenses related to materials and overhead, helping users understand their true monetary commitments in production.
Sales Channel Integration Craftybase integrates with popular e-commerce platforms like Etsy and Shopify, which streamlines order management and inventory updates.
User-Friendly Interface The software is designed with an intuitive interface that is easy for users to navigate, even for those who are not particularly tech-savvy.
Possible disadvantages
Limited Advanced Features While Craftybase offers robust solutions for small businesses, it may lack advanced features required by larger companies with complex inventory needs.
Pricing For small-scale operations or startups, the cost of using Craftybase might be a consideration, especially if their budget is constrained.
Learning Curve Some users may find there is a learning curve when first starting with Craftybase, particularly if they are transitioning from a simpler system.
Limited Customer Support The availability and responsiveness of customer support can sometimes be lacking, which may be difficult for users needing immediate assistance.
Manual Data Entry For certain functionalities, Craftybase still requires manual data entry which can be time-consuming for users aiming for automated solutions.
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.
CraftybaseSplitwise
No analysis of Craftybase yet.
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.
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.
Craftybase6 mentionsSplitwise0 mentions
bookkeeping, inventory tracking, accounting
Have you tried Craftybase? They have a 14 day trial. FYI - at the bottom of their page, they list their competitors if you want to research other companies. My one issue is that they don’t integrate with EBay. I only sell maybe 4K a year...
Source:
almost 4 years ago
Accounting?
I use craftybase.com to track inventory and manufacturing.
Source:
almost 4 years ago
Helpdesk "Helpscout" tool blocked
I use craftybase.com and they use a helpdesk tool called HelpScout. I had to whitelist (\.|^)helpscout\.net$ to allow it to work.
Source:
almost 5 years ago
Katana Cloud Inventory gives you a live look at all the moving parts of your business — sales, inventory, and beyond. Combining a visual interface and smart real-time master planner, Katana makes managing inventory and manufacturing intuitive.
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