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!
Accounting and invoicing software for small businesses. Manage invoices, bills, expenses, payroll and reports, with plain-language tools and proper double-entry bookkeeping underneath.
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Which is more popular?
Based on our record, ERPNext
seems to be more popular. It has been mentioned
37 times
since March 2021.
social mentions
0 vs 37
Personal Finance popularity
100% vs 0%
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.
Open Source ERPNext is an open-source software, which means it is freely available for use and modification. This provides businesses with greater flexibility and control over their ERP system.
Cost-Effective Being open source, ERPNext can significantly reduce software licensing costs, making it an affordable option for small and medium-sized businesses.
Extensive Feature Set ERPNext offers a comprehensive range of features including accounting, project management, HR, manufacturing, and CRM, all within one integrated system.
Customization ERPNext is highly customizable to fit the specific needs of your business, allowing for modifications without hampering future upgrades.
Community Support ERPNext has a strong community of users and developers who contribute to the software, providing support, updates, and new features.
User-Friendly Interface The system has a clean and intuitive user interface, making it easier for staff to be trained and to adapt to the new system.
Cloud and On-Premise Options ERPNext can be deployed both in the cloud and on-premises, depending on your specific business requirements.
Possible disadvantages
Implementation Complexity Despite its flexibility, implementing and customizing ERPNext can be complex and may require dedicated resources and expertise.
Limited Third-Party Integrations ERPNext has fewer third-party integrations compared to other popular ERP solutions, which could limit its extensibility.
Learning Curve The breadth of features and the customization capabilities can result in a steep learning curve for new users and administrators.
Potential for Hidden Costs While the software itself is cost-effective, additional costs may arise from implementation, customization, and ongoing maintenance and support.
Scalability Concerns ERPNext might not be as scalable for very large enterprises with complex, multi-national requirements as some of the more established ERP solutions.
Analysis
An editorial look at what each product does well and who it suits.
SplitwiseERPNext
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
Yes, ERPNext is generally considered to be a good ERP solution for many businesses.
Why this product is good
ERPNext is praised for its open-source nature, flexibility, and comprehensive set of features that cover various business functions including accounting, inventory management, HR, sales, purchasing, and more. It is cost-effective, offers customization opportunities, and its user-friendly interface allows businesses of varying sizes to adapt it for their specific needs. The supportive community and continuous updates contribute to its reliability and improvement.
Recommended for
ERPNext is well-suited for small to medium-sized businesses, startups, and organizations looking for a cost-effective and customizable ERP system. It's also ideal for companies that have specific needs in manufacturing, retail, distribution, and service sectors, due to its adaptable modules and extensive feature set.
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....
ERPNext is an open-source ERP solution that became liked by small and medium-sized enterprises. This happened because it is affordable besides flexible. For businesses that want a system that is both cost-effective...
For any GST compliant ERP software in India, compliance depth is the dividing line. The IRP e-Invoice mandate covers businesses above ₹5 crore turnover. Job work under Section 143 CGST requires separate challan...
Features include its open-source nature, offering businesses the freedom to modify the software according to their specific needs. ERPNext provides businesses with an affordable option to get started with ERP software...
Yes, I haven't used this myself yet but I have been keeping my eye on this project for a while now, https://erpnext.com/.
- Source: Hacker News
/
over 2 years ago
Akaunting is free, open-source online accounting software for small businesses
An earlier commenter referenced ERPNext. It's GPLv3-licensed. https://erpnext.com/.
- Source: Hacker News
/
over 2 years ago
Top 10 Open Source ERP / CRM
Unlike Odoo, ERPNext open-source ERP software includes all modules in a free version, making it a fully free ERP solution.
- Source: dev.to
/
over 3 years ago
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