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, Carta
seems to be more popular. It has been mentioned
10 times
since March 2021.
social mentions
0 vs 10
Personal Finance popularity
100% vs 0%
alternatives listed
240+ vs 164
Base details
Website, pricing, platforms and company facts side by side.
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.
Comprehensive Equity Management Carta provides a wide range of tools for managing equity, cap tables, valuations, and investments, which can help streamline complex financial processes for startups and investors.
User-friendly Interface The platform offers an intuitive and easy-to-navigate interface, making it accessible for users without extensive financial backgrounds.
Automation and Efficiency Automates many aspects of equity management, reducing the need for manual entry and minimizing errors, which can save time and effort for companies.
Compliance Support Helps ensure compliance with legal and financial regulations, which can be particularly valuable for startups that may not have in-house legal expertise.
Integration Capabilities Carta integrates with other software and platforms commonly used by businesses, such as accounting systems and HR tools, enhancing its functionality and usefulness.
Possible disadvantages
Cost The platform can be expensive, particularly for smaller startups with limited budgets. The pricing structure may not be feasible for all businesses.
Learning Curve Although the interface is user-friendly, there may still be a learning curve for users unfamiliar with equity management and financial tools.
Customer Support Some users have reported that customer support can be slow to respond or not as helpful as needed, which can be frustrating during critical times.
Limited Customization While Carta offers a wide range of features, some users may find it lacks the level of customization they need for specific use cases or unique business needs.
Data Migration Transferring existing equity data into Carta can be complex and time-consuming, particularly for companies with extensive historical data.
Analysis
An editorial look at what each product does well and who it suits.
SplitwiseCarta
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.
Overall verdict
Carta is generally considered a good platform for companies that need robust equity management solutions. It is praised for its ease of use, scalability, and the range of features it offers. However, like any service, it may not be the perfect fit for every company, and some users may find it expensive compared to alternatives.
Why this product is good
Carta is known for its comprehensive cap table management, equity management, and valuation services. It simplifies the process of managing stakeholder equity and can be particularly beneficial for startups and growing companies. Carta offers tools for scenario modeling, compliance, and reporting, making it easier for companies to handle complex equity structures. Additionally, Carta also provides solutions for venture capital firms to manage their portfolios.
Recommended for
Startups
Growing companies
Venture capital firms
Companies preparing for fundraising
Firms in need of detailed equity management and reporting
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.
Splitwise0 mentionsCarta10 mentions
Tracking Splitwise since Mar 2021.
Stock Options and RSU's help
Im trying to get all of my accounts loaded into CoPilot and haven't been able to figure out how to add stock option or RSU grants from my employer. They are not publicly traded but managed through https://carta.com/.
Source:
almost 3 years ago
Ask HN: Startup founders, how do you track your cap table and calculate equity?
I heard good things about Carta. I haven't used it though. https://carta.com.
- Source: Hacker News
/
about 3 years ago
How should I make it easy and simple for investors to contribute money?
Haven't heard of carta.com. Let me check it out, thanks!
Source:
over 3 years ago
Ledgy is the world's first unified platform for equity and executive compensation. Automate manual processes, stay compliant, and keep your team engaged, from first hire to IPO and beyond.
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