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Splitwise VS QuickBooks Online

Compare Splitwise VS QuickBooks Online 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!

QuickBooks Online logo QuickBooks Online

QuickBooks Online is a Cloud Accounting for small business that can be used on iPad, mobile phone or computer to do invoicing, billing, run reports, or even pay employees online.
  • Splitwise Landing page
    Landing page //
    2023-01-23
  • QuickBooks Online Landing page
    Landing page //
    2023-05-08

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.

QuickBooks Online features and specs

  • Accessibility
    QuickBooks Online allows users to access their financial data from any device with an internet connection, making it convenient for business owners and accountants who need to work remotely or on the go.
  • Automatic Updates
    Being a cloud-based service, QuickBooks Online automatically updates its software, so users always have access to the latest features and security patches without manual intervention.
  • Integrations
    QuickBooks Online integrates with a wide array of third-party applications such as Shopify, PayPal, and Stripe, enhancing its functionality and enabling seamless workflows across different platforms.
  • Scalability
    It offers different pricing plans and features suitable for small to medium-sized businesses, allowing companies to scale their subscription and functionalities as they grow.
  • Multi-User Capability
    QuickBooks Online supports multiple users, making it easier for teams to collaborate on financial tasks and maintain up-to-date records.

Possible disadvantages of QuickBooks Online

  • Cost
    The subscription-based pricing model can become expensive over time, especially for businesses that require advanced features or multiple user access.
  • Internet Dependency
    Since it is cloud-based, you need a reliable internet connection to access QuickBooks Online. Any disruptions in internet service can affect productivity and access to essential financial data.
  • Learning Curve
    New users may find QuickBooks Online complex and may require time to become proficient with its wide array of features and functionalities, potentially necessitating training.
  • Limited Customization
    QuickBooks Online offers limited customization options compared to its desktop counterpart, which can be restrictive for businesses needing tailored solutions.
  • Customer Support
    Some users have reported that customer support can be slow and not as helpful as needed when addressing complex issues or technical problems.

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

+ Add

Splitwise - iPhone App Review! [2020]

More videos:

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

QuickBooks Online videos

+ Add

Which QuickBooks Online Should You Buy in 2020?

More videos:

  • Tutorial - How to use QuickBooks Online: a super fast 6-minute review & tutorial
  • Review - My Honest Review of Intuit Quickbooks Online (QBO)

Category Popularity

0-100% (relative to Splitwise and QuickBooks Online)

Splitwise

QuickBooks Online

Personal Finance
100 100%
Personal Finance
0% 0
Accounting
0 0%
Accounting
100% 100
Expense Tracking
100 100%
Expense Tracking
0% 0
Accounting & Finance
0 0%
Accounting & Finance
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 QuickBooks Online

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

QuickBooks Online Reviews

  1. Elle Bennett
    ยท Webmaster at FixedFeeTaxReturn ยท
    Very good for self service accounting

    This is a great solution for self-service bookkeeping needs and is very affordable.

AgentXpense vs QuickBooks | Expense Tracking for US Realtors
Commission tracking, deal management, and client data are core parts of Agent Xpense. In QuickBooks, these usually require manual tracking or thirdโ€‘party tools.
Source: agentxpense.com
Top 20 Recurly Alternatives & Competitors in 2025
QuickBooks Online extends its accounting platform with basic subscription management capabilities. The system handles recurring invoices, automated payment collection, and customer billing for small businesses with straightforward subscription models. It integrates subscription billing directly with general ledger and accounts receivable functions.
Source: unibee.dev
What Are the Best Bill.com Alternatives?
With FreshBooks, you can send automatic payment reminders to clients, set up recurring invoices, and even integrate with popular accounting software like QuickBooks. The software is a cost-effective solution for businesses of all sizes, with plans starting at $6.8 per month that can send unlimited invoices to up to 5 clients. It is an excellent Bill.com alternative.
Source: blog.featured.com
11 Alternatives to QuickBooks in 2024
Wave gets you through the whole receivables process similarly to QuickBooks. It allows you to create invoices, accept payments, and stay on top of any outstanding accounts with crystal-clear reporting. Like QuickBooks, Wave also lets you track your income and expenses, helps you stay on top of your financial health with financial statements, and offers support for multiple...
Source: www.bench.co
Best Business Expense Tracking Apps for Your Small Business
7. QuickBooks Online โ€“ This expense management app helps businesses organize & track expenses systematically.
Source: www.mooninvoice.com

Social recommendations and mentions

Based on our record, QuickBooks Online seems to be more popular. It has been mentiond 1 time since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Splitwise mentions (0)

We have not tracked any mentions of Splitwise yet. Tracking of Splitwise recommendations started around Mar 2021.

QuickBooks Online mentions (1)

  • Quickbooks over VPN... FML
    Quick books now have online version. Itโ€™s quick, backed up and online. Try to get them to purchase it. Will solve all their problems. https://quickbooks.intuit.com/online/. Source: over 3 years ago

What are some alternatives?

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

Tricount - Manage and share expenses with friends

FreshBooks - The ideal accounting software for small business owners.

Splid - Splid helps friends manage their money.

Xero - Xero is online accounting for your small business.

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

Wave Financial - Award-winning financial software designed for entrepreneurs.

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