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, invoicely
seems to be more popular. It has been mentioned
3 times
since March 2021.
social mentions
3 vs 0
Billing & Invoicing popularity
100% vs 0%
Base details
Website, pricing, platforms and company facts side by side.
User-Friendly Interface Invoicely offers a clean, intuitive interface that makes it easy for users to create and manage invoices without a steep learning curve.
Multi-Currency Support The platform supports multiple currencies, which is beneficial for businesses dealing with international clients.
Customizable Invoices Users can customize their invoices with different templates, colors, and logos to match their branding.
Free Tier Available Invoicely offers a free subscription plan with basic features, making it accessible for small businesses and freelancers.
Integration with Payment Gateways The software integrates with various payment gateways like PayPal, Stripe, and Authorize.Net, enabling seamless payment processing.
Multi-User Collaboration The platform allows for multiple users, making it convenient for teams to collaborate on financial tasks.
Possible disadvantages
Limited Features on Free Plan The free plan has limited capabilities, which may require users to upgrade to a paid plan for advanced features.
Lack of Mobile App As of the latest information, Invoicely does not offer a dedicated mobile app, making it less convenient for users who prefer managing invoices on the go.
Basic Reporting The reporting features are relatively basic compared to other more comprehensive accounting software.
Limited Integration Options While it integrates with several payment gateways, the platform has fewer integrations with other third-party apps like CRM or project management tools.
Customer Support Some users have reported that the customer support can be slow to respond, especially for complex issues.
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.
invoicelySplitwise
No analysis of invoicely 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.
Invoicely is among the best alternatives to Bill.com for invoicing. It is simple, has a user-friendly dashboard, and therefore solves to get your invoicing organized. Invoicely lets you automate the “financial...
Invoicely is currently a prominent and efficient online billing service available in India. It aims to provide the best management and smooth transaction services for small and medium business enterprises. It boosts...
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.
invoicely3 mentionsSplitwise0 mentions
Please help, first time writing invoice - IT Contractor
I use https://invoicely.com/. Pretty easy to setup and it's free.
Source:
over 3 years ago
Amazon are holding my funds until i send them an invoice of my products but i sell retail arbitrage and only have receipts for some of my orders, what should i do? (retail arbitrage is legal btw on amazon)
It may not be as tricky as it seems. You can sign up to a free invoicing software like this: https://invoicely.com/.
Source:
over 3 years ago
How to Make Personalized Invoice Templates?
Check out invoicely.com, I used them when I was starting out. It's pretty easy to use and the invoice looks very neat. They have an option to send your invoice to your client in pdf form so they can download it if they need to. They...
Source:
about 4 years ago
Tracking Splitwise since Mar 2021.
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