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, Invoice2go
seems to be more popular. It has been mentioned
3 times
since March 2021.
social mentions
0 vs 3
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.
User-Friendly Interface Invoice2go offers an intuitive and easy-to-navigate interface, making it simple for users to create and manage invoices.
Customization Options Provides a high level of customization for invoices, allowing users to add logos, modify templates, and change color schemes to match their brand identity.
Mobile App Accessibility Available as a mobile app on both iOS and Android, enabling users to manage invoices on-the-go.
Multiple Payment Options Supports various payment gateways such as PayPal, Stripe, and Apple Pay, making payment collection straightforward.
Comprehensive Reporting Offers detailed financial reports and analytics, allowing users to monitor business performance effectively.
Expense Tracking Allows for tracking of expenses, which can be easily included in invoices to provide detailed billing.
Possible disadvantages
Cost Invoice2go can be on the pricier side compared to some of its competitors, making it less appealing for small businesses with tight budgets.
Limited Integrations The software does not offer as many third-party integrations as some other invoicing solutions, potentially limiting its utility for certain businesses.
Customer Support Some users have reported that customer support can be slow to respond and may not always resolve issues satisfactorily.
Learning Curve Despite the user-friendly interface, some features can be complex and may require time to understand fully.
Limited Advanced Features Lacks some advanced features available in more comprehensive accounting software, such as detailed inventory management.
Analysis
An editorial look at what each product does well and who it suits.
SplitwiseInvoice2go
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.
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....
Invoice2go is very efficient billing software with 100% accuracy and zero errors. It is easy to use, effortlessly organize bills, and make payments. It helps you create professional invoices from templates and send...
Social recommendations and mentions
Recommendations tracked on public social media and blogs since March 2021.
Splitwise0 mentionsInvoice2go3 mentions
Tracking Splitwise since Mar 2021.
What’s the biggest problem you’re facing in your business right now?
Have you ever thought about using Bill.com or https://invoice.2go.com/.
Source:
almost 4 years ago
Hello everyone, I have a cleaning business and we cleaned this guys house but he doesn't want to pay after we already cleaned his house
However, an alternate option would be to use a service like https://invoice.2go.com and send a proposal that they agree to, electronically, and pay a deposit, then, immediately collect payment on-site or send an electronic invoice as...
Source:
about 4 years ago
Invoice2go | Sr. Software Engineer (Data) | US (REMOTE) or Sydney, AU (ONSITE) | Full-time | $120k - $160k DOE | https://invoice.2go.com/ Invoice2go helps small businesses get paid. With over a quarter million subscribers worldwide,...
- Source: Hacker News
/
over 5 years ago
Alternatives to Splitwise and Invoice2go
When comparing Splitwise and Invoice2go, you can also consider the following products.
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