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Paymo VS Splitwise

Compare Paymo VS Splitwise and see what are their differences

Paymo

Manage projects, track time, create invoices, and get paid online.

Rating
0 reviews
Pricing
Freemium Free trial $5.6 / Monthly (per User)
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Alternatives Is it good?
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!

Rating
0 reviews
Promote on VibeVoted
Alternatives Is it good?
Schedule Forge
Forge your schedule, not spreadsheets. Drag-and-drop work orders, capacity-aware line scheduling, shop floor kiosk clocking, AI what-if scenarios, and a daily dashboard that tells you what needs attention. sponsored
Note: These products don't have any matching categories. If you think this is a mistake, please edit the details of one of the products and suggest appropriate categories.

Which is more popular?

Based on our record, Paymo seems to be more popular. It has been mentioned 1 time since March 2021.

social mentions
1 vs 0
Project Management popularity
100% vs 0%

Base details

Website, pricing, platforms and company facts side by side.

Paymo
Splitwise
Website paymoapp.com splitwise.com
Pricing
Freemium Free trial $5.6 / Monthly (per User) Official pricing
—
Platforms
Browser Windows iOS Android Mac OSX +2
—
Company Startup from Romania · 2008 —
Listed in
Project Management Time Tracking Timesheets Task Management Billing & Invoicing Online Payments Resource Scheduling Kanban Boards +5
Personal Finance Expense Tracking Bill-Splitting Apps Finance +1

About Paymo and Splitwise

In their own words, as submitted to SaaSHub.

Paymo
Splitwise

Paymo is a modern and intuitive work management solution for small businesses around the world that bundles advanced task management, planning, scheduling, time tracking, invoicing and collaboration features. This way you can manage and keep track of your work without having to use and pay for...

Read more about Paymo

No description of Splitwise yet.

Features and specs

What each product offers, as listed by its team.

Paymo 8 features
Splitwise 7 features
  • Project Tracking
  • Project Planning
  • Time Tracking
  • Task management
  • Invoicing and Billing
  • Resource Management
  • Payment gateways
  • Collaboration Tools
  • 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.

Paymo
Splitwise

Overall verdict

  • Overall, Paymo is highly regarded for its robust project management capabilities, ease of use, and affordability. It consistently receives positive feedback from users who appreciate its effective blend of features tailored to enhance productivity and collaboration.

Why this product is good

  • Paymo is considered a good project management tool due to its comprehensive features that cater to small-to-medium-sized businesses and freelancers. It provides functionalities such as time tracking, task management, team collaboration, and project planning, allowing users to streamline their workflows effectively. Its user-friendly interface and flexibility make it an attractive option for teams looking for an all-in-one solution.

Recommended for

    Paymo is recommended for freelancers, small businesses, and teams of various sizes who need a versatile and comprehensive project management tool. It is particularly suitable for industries like marketing, creative agencies, consultancy, and any other service-based businesses that require detailed time tracking and task management.

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.

Videos

Walkthroughs and reviews on video.

Paymo 3 videos + Add
Splitwise 3 videos + Add

Review: Paymo

More videos

  • - Paymo Demo
  • - Paymo Tutorial

Splitwise - iPhone App Review! [2020]

More videos

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

Category popularity

How often each product is chosen within a category, 0–100% relative to the other.

Score bands 0–20 21–40 41–50 51–60 61–100
Paymo
Splitwise
100% 100%
Project Management
0% 0%
0% 0%
Personal Finance
100% 100%
100% 100%
Task Management
0% 0%
0% 0%
Expense Tracking
100% 100%

User comments

Share your experience with using Paymo and Splitwise. For example, how are they different and which one is better?

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Reviews and articles

External articles and on-site reviews we used to compare the two products.

Paymo no reviews yet
Splitwise no reviews yet
  • The 10 best Asana alternatives in 2024
    zapier.com · May 2024

    Asana excels at cross-functional project management, but Paymo is a great choice if you're a freelancer or small business owner who wants to manage projects, billing, and invoicing across several clients. Each project...

  • 16 Best Asana Alternatives of 2024 (Free + Paid)
    www.projectmanager.com · Nov 2023

    Paymo offers features not available in Asana, such as profitability tracking, automatic time tracking and invoicing. Asana compensates with goal tracking, custom fields, and a workflow builder. It’s best to take Paymo...

  • 21 Time Tracking Tools To Manage Your Workday
    hive.com · May 2022

    Plus, communication features allow real-time discussion between team members to save time, reduce frustration, and improve the quality of your projects. Finally, as its name suggests, Paymo has all the invoicing tools...

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Social recommendations and mentions

Recommendations tracked on public social media and blogs since March 2021.

Paymo 1 mention
Splitwise 0 mentions

Tracking Splitwise since Mar 2021.

Alternatives to Paymo and Splitwise

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

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