Software Alternatives, Accelerators & Startups

Splitwise VS ProfitMap.io

Compare Splitwise VS ProfitMap.io and see what are their differences

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!

ProfitMap.io logo ProfitMap.io

Turn your P&L into a profit roadmap. See where your money goes, find hidden opportunities, and add $30K-$100K this year. Free 14-day trial.
  • Splitwise Landing page
    Landing page //
    2023-01-23
  • ProfitMap.io See Your Finances Clearer Than Ever Before
    See Your Finances Clearer Than Ever Before //
    2026-03-03
  • ProfitMap.io Overview of Financial Dashboard
    Overview of Financial Dashboard //
    2026-03-03
  • ProfitMap.io From P&L to Profit Roadmap
    From P&L to Profit Roadmap //
    2026-03-03

99% of business owners pay for P&L statements, but only 1% actually use them to make money. Which are you?

To solve this problem, I created a software that instantly turns boring P&L data into a clear understanding of your finances and what to fix next to earn tens of thousands more.

You don't need a finance degree or an expensive CFO.

You just need 10 minutes and your most recent P&L to find $30-$100k in profit.

I've coached 300+ business owners on how to take control of their finances.

They all have the same 3 questions: - Where is my money going? - What can I change to keep more of it? - What's coming in the next 6-12 months?

These answers can feel difficult to find.

So I built ProfitMap to show you the way.

  1. Upload your P&L report.
  2. See a visual dashboard that shows you exactly where your money goes.
  3. Get a detailed 12-month forecast.
  4. And 2-3 specific recommendations to increase your profit today.

All within 10 minutes of signing up.

The mission is simple:

Help business owners earn the money they deserve by understanding their finances instead of ignoring them.

Because I've seen what happens when people finally know their numbers.

They make more money, work fewer hours, and build businesses that support the life they actually want.

That's why I built this.

If you've ever avoided looking at your financial reports or wondered where your money is actually going, this is for you.

Your P&L already has the answers you're looking for. You just need them translated into clear directions.

Find your first $10k-$30k profit opportunity for free at profitmap.io

Splitwise

Pricing URL
-
$ Details
-
Platforms
-
Release Date
-

ProfitMap.io

$ Details
paid Free Trial CA$29.0 / Monthly (Save 25% with an annual subscription)
Platforms
Google Chrome Browser
Release Date
2026 February
Startup details
Country
Canada
City
Gibsons
Founder(s)
Jordan Tait
Employees
1 - 9

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.

ProfitMap.io features and specs

  • 12 Month AI Forecast
    Create a detailed financial forecast for your business based on historical data and a conversation with AI
  • Profit Growth Recommendations
    Receive personalized, actionable profit growth actions to add $30,000 to $100,000 profit this year
  • Monthly Financial Review
    Complete a guided financial review to identify trends, warnings, and actions each month to stay on top of your money

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.

Splitwise videos

Splitwise - iPhone App Review! [2020]

More videos:

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

ProfitMap.io videos

ProfitMap: Turn Your P&L Into Your Roadmap to Profit

More videos:

  • Demo - ProfitMap Overview

Category Popularity

0-100% (relative to Splitwise and ProfitMap.io)
Personal Finance
100 100%
0% 0
Financial Analytics
0 0%
100% 100
Expense Tracking
100 100%
0% 0
Accounting & Finance
0 0%
100% 100

Questions & Answers

As answered by people managing Splitwise and ProfitMap.io.

What's the story behind your product?

ProfitMap.io's answer:

ProfitMap was born from a moment of frustration and a decade of pattern recognition. The frustration: For years, I sat at my desk copying P&L data into Excel spreadsheets for coaching clients. The same process. Every single time. Hours of manual work to show business owners where their money was going and where profit opportunities were hiding. I'd think: "There has to be a better way." The pattern: Over 10 years of coaching 300+ business owners, I kept seeing the same story: Talented, hardworking entrepreneurs making six figures. Paying hundreds of dollars every month for bookkeeping. Getting their P&L reports on time. Then filing them away and making critical decisions based on gut feel and hope. Not because they were lazy. Not because they didn't care. Because they couldn't decode the reports. I watched business owners break down in tears admitting they were terrified to look at their bank account. I saw businesses close because the owner couldn't figure out how to make it profitable. I met countless entrepreneurs working 80-hour weeks for less than minimum wage because they couldn't see where money was leaking. But I also saw the transformation: When I'd walk a client through their numbers and show them exactly where opportunities were hiding, everything changed. Within hours of understanding their finances clearly, they'd:

Find $30K-$100K in hidden profit Make confident decisions instead of guessing Work fewer hours while earning more money Sleep better knowing exactly where they stood

The moment everything clicked: A client looked at me after we reviewed his P&L and said: "I finally get it! I feel like I've got the map I've been looking for to take me to my goals." That's when it hit me. We all trust Google Maps to show us exactly how to reach our destination. Why shouldn't business finances work the same way? The decision: I could keep doing this one client at a time, or I could automate the entire process and help thousands of business owners instead of dozens. Three months ago, I started building. Today, ProfitMap is live. The mission: Every business owner deserves to understand their finances clearly enough to make confident decisions and earn the money they deserve. Not everyone can afford a coach or hire a CFO. But everyone should have access to the insights that drive profitable growth. ProfitMap makes that possible. Personal connection: This isn't just a business idea for me. In my first business, I left tens of thousands of dollars on the table because I didn't understand my own finances. I know the stress, the confusion, the fear. I also know the relief and freedom that comes when you finally see clearly. That's the transformation I'm after - helping business owners go from financial fog to crystal clarity, from stress to confidence, from leaving money on the table to keeping what they've earned. ProfitMap is the tool I wish I'd had 10 years ago. Now it's here for everyone who needs it.

What makes your product unique?

ProfitMap.io's answer:

ProfitMap is the only financial tool built specifically for non-finance people who want profit clarity, not just data. Most financial tools are either too complex (built for CFOs and finance teams) or too basic (just tracking with no insights). ProfitMap sits in the unique space between: sophisticated AI-powered analysis delivered in plain English that anyone can understand.

Profit-first focus - While competitors focus on cash flow forecasting or general financial planning, ProfitMap is laser-focused on one thing: helping you keep more of what you earn. Every feature answers the question "How do I increase profit?"

10-minute clarity - Other tools require hours of setup, training, and analysis. ProfitMap is designed for the business owner who wants to upload their P&L on a Tuesday morning and know exactly what to fix by lunch.

Why should a person choose your product over its competitors?

ProfitMap.io's answer:

Choose ProfitMap if you want answers, not just data. Versus expensive CFO/finance tools ($500-1,000+/month):

ProfitMap costs $29-97/month - 10x cheaper No complex setup or finance team required You get insights in 10 minutes, not 10 hours

Versus basic accounting software (QuickBooks, Xero):

Those tools track what happened ProfitMap tells you what it means and what to do about it They give you data; we give you decisions

Versus hiring a coach or fractional CFO ($2,000-10,000/month):

ProfitMap automates what coaches do manually Available 24/7, not just during scheduled sessions Costs 99% less while delivering similar insights

Versus DIY spreadsheets:

No manual work or formulas required AI identifies patterns you'd miss Updates automatically vs. hours of Excel work

The real reason to choose ProfitMap: You're a business owner, not a finance expert. You don't want to become one. You just want to understand your numbers clearly enough to make confident decisions and earn more money. That's exactly what ProfitMap does - nothing more, nothing less. Simple systems that demystify your money and make it work for you.

How would you describe the primary audience of your product?

ProfitMap.io's answer:

ProfitMap is built for the 6 and 7-figure business owner who's great at their craft but intimidated by their finances.

What they want:

To understand where their money is actually going Confidence to make financial decisions without second-guessing More profit without working more hours Freedom from financial stress and confusion Simple systems that just work

Who they are NOT:

Not CFOs or finance professionals (they have other tools) Not startups chasing VC funding (different metrics, different mindset) Not enterprise companies with finance teams Not people who love spreadsheets and deep financial analysis

Which are the primary technologies used for building your product?

ProfitMap.io's answer:

ProfitMap is built on a modern, scalable tech stack optimized for speed, security, and AI-powered insights.

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 ProfitMap.io

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...
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.
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...
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,...

ProfitMap.io Reviews

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What are some alternatives?

When comparing Splitwise and ProfitMap.io, you can also consider the following products

Tricount - Manage and share expenses with friends

Fuelfinance - We do your ๐Ÿ“‚ spreadsheets, ๐Ÿ“ˆ graphs, and ๐Ÿ”ฎ automations.

Splid - Splid helps friends manage their money.

Profit Calculate - Calculate your profits with our free online profit calculate tool. Make smooth your financial planning and maximize your gains with ease.

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

Profits View - Smart Insights for Business Growth & Financial Success