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!
GilFlow is smart cash flow management for individuals and teams — track income, expenses, subscriptions, and cash flow across every workspace, on the web and on Android.
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Which is more popular?
Based on our record, DSMTool
seems to be more popular. It has been mentioned
3 times
since March 2021.
social mentions
3 vs 0
eCommerce popularity
100% vs 0%
alternatives listed
61 vs 240+
Base details
Website, pricing, platforms and company facts side by side.
User-Friendly Interface DSMTool features an intuitive and easy-to-navigate interface, which simplifies the dropshipping process for users of all experience levels.
Automation Features The tool offers various automation options such as repricing, inventory management, and order fulfillment, which can save a lot of time and reduce manual effort.
Integration Capabilities DSMTool integrates seamlessly with popular e-commerce platforms like eBay and Shopify, allowing for synchronized operations and better management of online stores.
Price Monitoring Automatic price monitoring and adjustments help users stay competitive by ensuring their prices are always optimal in relation to suppliers' prices.
Customer Support The platform provides reliable customer service and support to assist users in resolving any issues or inquiries they might have.
Possible disadvantages
Limited Free Plan The free version of DSMTool has several limitations that might not be suitable for serious dropshippers, often necessitating the purchase of a paid plan for full functionality.
Learning Curve Despite its user-friendly interface, new users might still experience a learning curve when familiarizing themselves with all the features DSMTool offers.
Occasional Bugs Users have occasionally reported bugs and glitches in the system, which can disrupt workflow and impact overall performance.
Platform-Specific Limitations While DSMTool integrates well with platforms like eBay and Shopify, users selling on other platforms might not find the same level of support or integration options.
Cost For users who require access to the full suite of features, DSMTool can become costly over time, compared to other similar tools that might offer more affordable plans.
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.
DSMToolSplitwise
No analysis of DSMTool 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.
DSMTool3 mentionsSplitwise0 mentions
Anyone here ever tried dropshipping?
To wrap my comment up, I want to end saying that you may need to invest in a monthly subscription on the marketplace you decide to sell and a dropshipping platform to automate your workflow & execute product research if you want to take...
Source:
over 4 years ago
I’ve found a item I want to sell now what?
I would recommend you to use a Dropshipping Tool that'll automatize your overall workflow and help you optimize your listings. By doing that, you won't need to invest in any ad campaign to promote your products.
Source:
over 4 years ago
What price do you consider on Aliexpress. ( I am new go easy on me please. )
You don't require a strong capital in order to start your business. All you need is to have a store's subscription with Zero insertion fees per month & a Dropshipping Management Software to manage your store properly.
Source:
almost 5 years ago
Tracking Splitwise since Mar 2021.
Alternatives to DSMTool and Splitwise
When comparing DSMTool and Splitwise, you can also consider the following products.
Easync is a powerful dropshipping software, which helps you in easy way to dropship products from Amazon, Walmart, AliExpress. Easync has number of features such as finding hot items for selling, creating listings, tracking prices and so on.
Syncee is a globally recognized Dropshiping platform and wholesale platform that provides dropshippers, retailers, and suppliers to have a competitive approach to streamline their sales.
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