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Splitwise VS TenantCloud

Compare Splitwise VS TenantCloud and see what are their differences

Lucris
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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!

TenantCloud logo TenantCloud

Receive Online Payments; Screen Your Applicants; Automatic Invoicing and Late Fees; Get a Free Listing Website. learn more. Tenant. Pay Rent Online; Submit Rental Applications; Store Payment & Rental History; Submit Maintenance Requests.
  • Splitwise Landing page
    Landing page //
    2023-01-23
  • TenantCloud Landing page
    Landing page //
    2023-03-14

Splitwise

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

TenantCloud

Website
tenantcloud.com
Pricing URL
Official TenantCloud Pricing
Release Date
2014 January
Startup details
Country
United States
State
Texas
City
Austin
Founder(s)
Joe Edgar
Employees
10 - 19
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.

TenantCloud features and specs

  • Comprehensive Property Management
    TenantCloud offers a wide range of features such as tenant screening, online rent collection, and maintenance requests, all aimed at streamlining property management tasks.
  • Free Basic Plan
    TenantCloud provides a free plan which is ideal for small landlords managing a few properties, allowing them to benefit from essential functionalities without any cost.
  • Tenant and Owner Portal
    The platform includes separate portals for tenants and property owners, improving communication and interaction by allowing each party to manage their respective responsibilities easily.
  • Automated Rent Collection
    Online rent payments can be scheduled and automated, reducing manual follow-ups for late payments and improving cash flow management.
  • Customizable Templates
    The platform offers customizable lease templates and other documents, ensuring legal and operational consistency across all properties.
  • Mobile App
    TenantCloud has a mobile app for both iOS and Android devices, enabling property managers to handle tasks on the go.
  • Integration with Third-Party Services
    TenantCloud integrates smoothly with other services like QuickBooks for accounting, making it easier to manage finances and reporting.

Possible disadvantages of TenantCloud

  • Limitations in Free Plan
    The free plan has limited features compared to the paid versions, which may not be sufficient for more complex property management needs.
  • Learning Curve
    Due to the extensive range of features, new users might experience a steep learning curve initially, requiring time to fully understand and utilize the platform efficiently.
  • Customer Service
    Some users have reported that the customer service can be slow to respond and not always able to solve intricate issues promptly.
  • Additional Fees
    While the basic functionalities are free, some specific features such as extensive tenant screening reports and certain payment processing options may incur additional fees.
  • Mobile App Limitations
    Although there is a mobile app, it may not encompass all the functionalities available on the desktop version, limiting its utility for mobile-only users.
  • Interface Complexity
    The user interface can be somewhat complex and less intuitive, which may be a deterrent for users who prefer straightforward navigation.

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

TenantCloud videos

+ Add

30 Minute TenantCloud Property Management System Demo

More videos:

  • Review - What is TenantCloud and How Does It Help Landlords
  • Review - TenantCloud Webinar: Collecting and Paying Online with TenantCloud Property Management System

Category Popularity

0-100% (relative to Splitwise and TenantCloud)

Splitwise

TenantCloud

Personal Finance
100 100%
Personal Finance
0% 0
Property Management
0 0%
Property Management
100% 100
Expense Tracking
100 100%
Expense Tracking
0% 0
Rental Property Management
0 0%
Rental Property Management
100% 100

User comments

Share your experience with using Splitwise and TenantCloud. For example, how are they different and which one is better?
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Reviews

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

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

TenantCloud Reviews

We have no reviews of TenantCloud yet.
Be the first one to post

Social recommendations and mentions

Based on our record, TenantCloud seems to be more popular. It has been mentiond 3 times 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.

TenantCloud mentions (3)

  • Apartment Application Fee
    Looking for apartments online, they found a listing for one on tenantcloud.com. Source: almost 4 years ago
  • [Landlord] Where do you guys look for handymen?
    You can actually look for service pros in tenantcloud.com. Usually landlords use it to manage rentals, but if you are a handyman yourself you can get account and get bids there. Hope this helps. Source: over 4 years ago
  • What is your preferred method of receiving payment for long term rental?
    Iโ€™ve been very happy with TenantCloud. Source: about 5 years ago

What are some alternatives?

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

Tricount - Manage and share expenses with friends

Buildium - Buildium's software helps property management companies become more efficient and profitable. Start your free trial today, no credit card required!

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

Cozy - Choose simplicity, get Cozy.

Splid - Splid helps friends manage their money.

Yardi Voyager - Voyager is software for managing properties and the people who live there. The software is developed by Yardi, a company founded in 1984 that specializes in property management software. Read more about Yardi Voyager.

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