Software Alternatives, Accelerators & Startups
Register | Login

QuickBooks Time VS Splitwise

Compare QuickBooks Time VS Splitwise and see what are their differences

Lucris
Financial decision-making for Shopify brands, connecting sales and marketing to show what drives profit - and what to do next. 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.
Contents:
  1. ยป Base Details
  2. ยป Videos
  3. ยป Reviews
  4. ยป Alternatives

QuickBooks Time logo QuickBooks Time

Easily track time for effortless payroll, invoicing, and job costingโ€”without the paperwork, guesswork, or hard work.

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!
  • QuickBooks Time Landing page
    Landing page //
    2023-09-05

QuickBooks Time is a cloud-based, automated time tracking and scheduling solution that empowers small business owners to manage their workforce from anywhere, while making it easy for employees to track time on any device.

Proven fit for Construction, Professional Services (e.g. lawyers), and Service Companies (e.g. landscaping) because QB Time makes it super easy to manage mobile EEs thanks to features like mobile GPS tracking, tracking time to projects/jobs/customers, and seeing the status of everyone on your team (whoโ€™s working, where, and on what projects) from the Whoโ€™s Working window.

  • Splitwise Landing page
    Landing page //
    2023-01-23

QuickBooks Time features and specs

  • User-Friendly Interface
    QuickBooks Time offers an intuitive and easy-to-navigate interface, making it simple for users of all tech levels to log hours and manage time tracking.
  • Integration Capabilities
    The software integrates seamlessly with QuickBooks and other accounting platforms, streamlining payroll and invoicing processes.
  • Mobile App
    QuickBooks Time has a robust mobile application, allowing employees to clock in and out, and manage timesheets on the go.
  • Real-Time Monitoring
    Managers can track employee hours in real-time, offering a transparent overview of labor costs and productivity.
  • Customizable Reports
    The platform provides a variety of customizable reports, which can be tailored to business-specific needs for better insights.

Possible disadvantages of QuickBooks Time

  • Cost
    QuickBooks Time can be relatively expensive, especially for small businesses or startups with tight budgets.
  • Learning Curve
    While the interface is user-friendly, there can be a learning curve for new users, especially those not familiar with time-tracking software.
  • Limited Features in Basic Plan
    The more advanced features are only available in higher-tier plans, which may necessitate an upgrade for growing businesses.
  • Data Sync Issues
    Occasionally, users report issues with data syncing across devices or platforms, which can lead to discrepancies in time tracking.
  • Internet Dependency
    The system's functionality heavily depends on an internet connection, which can be a drawback in areas with unstable internet service.

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 QuickBooks Time

Overall verdict

  • Overall, QuickBooks Time is considered a good solution for businesses seeking reliable and efficient time-tracking software. It excels in providing comprehensive features that cater to various business needs, although it might not be the cheapest option.

Why this product is good

  • QuickBooks Time, formerly TSheets, is praised for its robust time-tracking features, ease of integration with other Intuit products, and user-friendly interface. It helps businesses streamline their payroll processes, manage workforce time effectively, and allows for accurate job costing. Users benefit from its mobile app, which facilitates remote time tracking and allows employees to clock in/out from anywhere.

Recommended for

  • Small to medium-sized businesses
  • Businesses already using QuickBooks for accounting
  • Companies needing efficient time tracking and payroll management
  • Remote teams and mobile workforce

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.

QuickBooks Time videos

+ Add

How to get started in QuickBooks Time: what you can do and where everything is

More videos:

  • Review - QuickBooks Time Review: EASY
  • Review - Easy time tracking with QuickBooks Time | QuickBooks Connect 2021

Splitwise videos

+ Add

Splitwise - iPhone App Review! [2020]

More videos:

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

Category Popularity

0-100% (relative to QuickBooks Time and Splitwise)

QuickBooks Time

Splitwise

Time Tracking
100 100%
Time Tracking
0% 0
Personal Finance
0 0%
Personal Finance
100% 100
Invoicing
100 100%
Invoicing
0% 0
Expense Tracking
0 0%
Expense Tracking
100% 100

User comments

Share your experience with using QuickBooks Time and Splitwise. For example, how are they different and which one is better?
Log in or Post with

Reviews

These are some of the external sources and on-site user reviews we've used to compare QuickBooks Time and Splitwise

QuickBooks Time Reviews

Discovering rescuetime alternatives for high productivity (2024)
Furthermore, we also have TSheets in the list formerly known as TSheets now it is widely recognized as Intuit Quickbooks. It generally provides similar time tracking solutions as well.
Source: www.timetackle.com
10 Best Free Employee Timesheet Apps in 2020
Hubstaff time tracking software provides online timesheets. TSheets, Homebase, and ClickTime offer a free trial. TSheets, Homebase, and ZoomShift offer a free plan either for individuals or with basic features.
Source: www.softwaretestinghelp.com
HarmonyPSA - Top 8 Alternatives
TSheets Time Tracking & Scheduling is rated 4.7 stars by ITQlick experts, both software products offer a good range of features (TSheets offers 5 main features).
Source: www.itqlick.com
The 7 Best Harvest Alternatives โ€“ Comparison Guide
TSheets is another web-based time tracking solution with some cool and unique features. Like many other time tracking software, TSheets helps employees clock in and out, monitor progress, and track time from any device.
Source: www.timedoctor.com

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...
Source: www.mobileappdaily.com
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.
Source: www.how2shout.com
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...
Source: www.thebalancemoney.com
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,...
Source: www.softwaresuggest.com

Social recommendations and mentions

Based on our record, QuickBooks Time seems to be more popular. It has been mentiond 1 time since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

QuickBooks Time mentions (1)

Splitwise mentions (0)

We have not tracked any mentions of Splitwise yet. Tracking of Splitwise recommendations started around Mar 2021.

What are some alternatives?

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

Harvest - Simple time tracking, fast online invoicing, and powerful reporting software. Simplify employee timesheets and billing. Get started for free.

Tricount - Manage and share expenses with friends

Toggl - Toggl is an online time tracking tool. It features 1-click time tracking and helps you see where your time goes. Free and paid versions are available.

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

TimeCamp - Simple and robust time tracking app to help you stay on the same page with your team while working from home.

Splid - Splid helps friends manage their money.

Loading...