Software Alternatives, Accelerators & Startups

Deskimo VS Splitwise

Compare Deskimo VS Splitwise and see what are their differences

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Deskimo logo Deskimo

Workspaces on demand, paid by the minute

Splitwise logo Splitwise

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!
  • Deskimo Landing page
    Landing page //
    2023-08-23
  • Splitwise Landing page
    Landing page //
    2023-01-23

Deskimo features and specs

  • Flexibility
    Deskimo provides flexible workspace solutions allowing users to choose spaces according to their needs and only pay for the time they use, which is ideal for freelancers and remote workers who require different environments without committing to long-term leases.
  • Wide Network
    Deskimo partners with a wide array of coworking spaces across various cities, giving users access to multiple locations and types of workspaces, thus enhancing their ability to work from different places depending on their proximity and convenience.
  • No Long-term Commitment
    Users are not tied to any long-term contracts or commitments, making it an attractive option for those who prefer or require month-to-month flexibility.
  • Cost Efficiency
    By paying only for the hours they use, users can potentially save costs compared to traditional office leases, especially if they do not need a full-time office space.
  • User-friendly App
    Deskimo offers a user-friendly app that simplifies the process of finding, booking, and accessing coworking spaces, which enhances the overall user experience.

Possible disadvantages of Deskimo

  • Limited Availability
    The availability of spaces can be limited based on location and demand, especially during peak hours, which may not suit users needing a dedicated workspace at specific times.
  • Variable Quality
    Since Deskimo partners with various coworking spaces, the quality and amenities of locations can vary, which may affect consistent user experience.
  • Lack of Personalization
    The service doesn't offer personalized office setups as users work in shared environments, which may not suit those requiring tailored or specific office settings.
  • Not Suitable for Large Teams
    For larger teams requiring collaboration and consistent interaction, Deskimoโ€™s model may not be practical as it is geared more towards individual or small team usage.
  • Potential Hidden Costs
    Some additional services or amenities may incur extra charges, and users need to be aware of potential hidden costs that could inflate their overall expenses.

Splitwise features and specs

  • 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 of Splitwise

  • 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 of Splitwise

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.

Deskimo videos

Design Review with Deskimo and Stack AI

More videos:

  • Review - 42. Entrepreneur Podcast - Why We're All Leaving Our Jobs, Y-Combinator Experience- Jon Soh, Deskimo

Splitwise videos

Splitwise - iPhone App Review! [2020]

More videos:

  • Review - Tricount vs Splitwise - App comparison
  • Demo - Splitwise Demo

Category Popularity

0-100% (relative to Deskimo and Splitwise)
Productivity
100 100%
0% 0
Personal Finance
0 0%
100% 100
Nomad Lifestyle
100 100%
0% 0
Expense Tracking
0 0%
100% 100

User comments

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Reviews

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Deskimo Reviews

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Splitwise Reviews

12 Best Bill Splitting Apps in 2023
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 this expense sharing app, users can either create groups or split the bill privately among friends. Splitwise also registers and saves all the expenses and...
6 Best Bill Splitting Apps for Hassle-Free Expense Sharing
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 application also keeps everyone updated about their balances and recent transactions.
Best Bill-Splitting Apps
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. Once youโ€™ve divided up the food among all the plates you can add in tax and tip. The app is made by the same company as Splitwise and is completely free. The only...
7 Best Budgeting Tools and Apps for Personal Finance
This oneโ€™s not a complete budgeting app but itโ€™s still a handy one. Splitwise is a nifty app that helps people track how much they owe to friends and colleagues and vice versa. It makes sharing expenses on outings, meals, events, etc easy to track by logging in each transaction. It basically keeps a total over time, so that you can pay back the money in a large payment,...

What are some alternatives?

When comparing Deskimo and Splitwise, you can also consider the following products

Pivotdesk - Office sharing marketplace

Tricount - Manage and share expenses with friends

Spacebase - Streamline digital lease management with Spacebase. We offer a simple, modern platform for efficient payment processing, tracking, and compliance. Empower your team to handle leases seamlessly, reduce administrative workload, and boost productivity.

Splid - Splid helps friends manage their money.

Peerspace iOS - Book unique spaces

Settle Up - SETTLE UP is an indispensable app for friends and flatmates who need to keep track of shared bills...