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Splitwise VS Modeliks

Compare Splitwise VS Modeliks and see what are their differences

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Contents:
  1. ยป Base Details
  2. ยป Videos
  3. ยป Reviews
  4. ยป Alternatives

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!

Modeliks logo Modeliks

Business Planning & Reporting, Simplified. All-in-one forecasting, budgeting, reporting and business planning solution. Planning and reporting, simplified and automated.
  • Splitwise Landing page
    Landing page //
    2023-01-23
  • Modeliks Business Plan Wizard
    Business Plan Wizard //
    2025-08-26
  • Modeliks Forecast Module
    Forecast Module //
    2025-08-26
  • Modeliks Organizational Structure
    Organizational Structure //
    2025-08-26
  • Modeliks QuickBooks Integration
    QuickBooks Integration //
    2025-08-26
  • Modeliks Reporting Module
    Reporting Module //
    2025-08-26
  • Modeliks Variance Analysis
    Variance Analysis //
    2025-08-26

Modeliks is an all-in-one forecasting, budgeting, reporting and business planning solution for SMEs & Startups. Planning and reporting, simplified and automated.

It includes the following features:

  • Financial Planning: Build accurate, driver-based financial forecasts and scenarios to make confident decisions. Keep it simple or plan for every part of your business (total company, business unit, geography, store, project, etc.).
  • Reporting: Automate actuals vs plan reporting and performance tracking to keep everyone informed, aligned and accountable to their targets. Ensure you make data-driven and informed decisions.
  • Business Planning: Write detailed business plans in minutes with the power of AI to ensure your plan complies with loan approval requirements. Create investor ready pitch decks with professionally designed pitch deck templates by industry.
  • Pitch Deck: Craft an investor-ready pitch deck in minutes with 100+ professionally designed template slides. Perfect for presenting to investors, partners, or employees.

No extensive planning experience required.

Splitwise

Website
splitwise.com
Pricing URL
-
$ Details
-
Release Date
-
Edit details

Modeliks

Website
modeliks.com
Pricing URL
Official Modeliks Pricing
$ Details
paid Free Trial $19.0 / Monthly (Start)
Release Date
2022 November
Startup details
Country
Ireland
City
Dublin
Founder(s)
Blagoja Hamamdjiev
Employees
1 - 9
Edit details

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.

Modeliks features and specs

  • Business Planning
    Create your business plan with AI, in an SBA and bank business plan format. It is faster, better quality, cheaper and fun. Just answer few questions, AI will do the rest.
  • Financial Planning
    Create driver-based financial plans for every department in your company, and set targets and drive performance across the business. All automated and error-free.
  • Financial Reporting
    Track actual performance vs budget and past periods, on every level in your business (i.e. total company, business units, departments, regions, stores, projects, etc.).
  • Pitch Deck
    Craft an investor-ready pitch deck in minutes with 100+ professionally designed template slides. Perfect for presenting to investors, partners, or employees.

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.

Analysis of Modeliks

Overall verdict

  • Modeliks is a solid financial planning and business plan software that helps entrepreneurs and small businesses create professional financial models, forecasts, and investor-ready plans without needing advanced spreadsheet skills.

Why this product is good

  • Offers guided templates and tools that simplify complex financial modeling and forecasting
  • Produces investor-ready business plans and pitch materials suitable for raising funding
  • Includes performance tracking and dashboards to monitor actuals against projections
  • Reduces reliance on manual spreadsheets, saving time and minimizing errors
  • Provides educational resources and step-by-step guidance for users unfamiliar with financial planning

Recommended for

  • Startup founders preparing financial projections for investors
  • Small and medium business owners who need structured business plans
  • Entrepreneurs seeking funding and pitch-ready documents
  • Consultants and advisors building financial models for clients
  • Non-finance professionals who want an easier alternative to complex spreadsheets

Splitwise videos

+ Add

Splitwise - iPhone App Review! [2020]

More videos:

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

Modeliks videos

+ Add

A Must-See Demonstration of all-new version - Modeliks 2.0!

More videos:

  • Demo - Best Business Planning & Reporting Software | Modeliks 2.0, the Tool You NEED!
  • Demo - Unlock Tomorrow: AI and Modeliks Transform Business Planning
  • Demo - Modeliks Review + Demo โ€“ Create a financial plan, pitch deck, and business plan!
  • Review - Modeliks Lifetime Deal $59 & Modeliks Review | Best Lifetime Deal
  • Review - Modeliks Review: The Ultimate Business Planning Software for Startups and SMEs - Appsumo Deal

Category Popularity

0-100% (relative to Splitwise and Modeliks)

Splitwise

Modeliks

Personal Finance
100 100%
Personal Finance
0% 0
Finance
80 80%
Finance
20% 20
Expense Tracking
100 100%
Expense Tracking
0% 0
Business Planning
0 0%
Business Planning
100% 100

User comments

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Reviews

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

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

Modeliks Reviews

We have no reviews of Modeliks yet.
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What are some alternatives?

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

Tricount - Manage and share expenses with friends

Causal App - Causal replaces your spreadsheets and slide decks with a better way to perform calculations, visualise data, and communicate with numbers. Sign up for free.

Splid - Splid helps friends manage their money.

Forecastr - Forecastr is a seed-stage, B2B SaaS startup that has raised over $3M in capital, and has gone through the Techstars accelerator program.

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

PrometAI - PrometAI is an AI business plan maker, that can generate a detailed business plan in seconds. Harness the power of AI for strategic insights and future success.

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