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Splitwise VS yEd

Compare Splitwise VS yEd 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!

yEd logo yEd

yEd is a free desktop application to quickly create, import, edit, and automatically arrange diagrams. It runs on Windows, Mac OS X, and Unix/Linux.
  • Splitwise Landing page
    Landing page //
    2023-01-23
  • yEd Landing page
    Landing page //
    2022-07-16

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.

yEd features and specs

  • User-Friendly Interface
    yEd offers a clean, intuitive interface that makes it easy for users to get started and create diagrams without a steep learning curve.
  • Versatile Diagram Types
    The software supports a wide range of diagram types including flowcharts, UML diagrams, network diagrams, and more, making it versatile for different needs.
  • Automatic Layouts
    yEd provides several powerful automatic layout algorithms that can quickly arrange complex diagrams into clear structures.
  • Cross-Platform
    yEd is compatible with multiple operating systems such as Windows, macOS, and Linux, providing flexibility for users across different platforms.
  • Free to Use
    yEd is free to download and use, which makes it an attractive option for individuals and organizations with budget constraints.

Possible disadvantages of yEd

  • Limited Collaboration Features
    yEd lacks built-in real-time collaboration features, which can be a disadvantage for teams needing to work simultaneously on the same diagram.
  • No Mobile Version
    There is no mobile version of yEd, which limits its usability for users who prefer creating diagrams on tablets or smartphones.
  • Steep Learning Curve for Advanced Features
    While the basic features are user-friendly, some of the more advanced functionalities can have a steep learning curve and may require time to master.
  • Limited Integration Options
    yEd does not offer extensive integration options with other productivity tools or software, which can be a drawback for users looking for a more connected workflow.
  • Occasional Performance Issues
    Users have reported occasional performance issues, especially when dealing with very large and complex diagrams.

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 yEd

Overall verdict

  • yEd is a good choice for users looking for a robust and versatile diagramming solution. Its free availability and rich features make it a strong contender among diagramming tools.

Why this product is good

  • yEd is considered a powerful diagramming tool because it offers an extensive range of features like automatic layout algorithms, various diagram types, easy-to-use interface, and cross-platform compatibility. It is especially appreciated for its ability to handle large data sets and produce clear, understandable visual representations quickly.

Recommended for

  • Business professionals who need to create organizational charts or flowcharts
  • Software developers who design complex system architectures
  • Researchers and analysts visualizing large data sets
  • Educators preparing educational materials
  • Students managing complex information for projects

Splitwise videos

+ Add

Splitwise - iPhone App Review! [2020]

More videos:

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

yEd videos

+ Add

yEd Graph Editor in 90 seconds

More videos:

  • Tutorial - yED Graph Editor Tutorial - Make flowcharts, trees, graph Freeware.

Category Popularity

0-100% (relative to Splitwise and yEd)

Splitwise

yEd

Personal Finance
100 100%
Personal Finance
0% 0
Diagrams
0 0%
Diagrams
100% 100
Expense Tracking
100 100%
Expense Tracking
0% 0
Flowcharts
0 0%
Flowcharts
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 yEd

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

yEd Reviews

Best 7 Free Online XMind Alternatives for Windows
Another excellent tool that you can use for common and complex visual illustration is yEd. This aims to help users in terms of creating diagrams like UML, flowcharts, network diagram, org chart, and other process illustrations. With this XMind free alternative, you will find every icon and symbol you need for the aforementioned diagrams. On the other hand, users are...
Source: gitmind.com
40 Open Source, Free and Top Unified Modeling Language (UML) Tools
yEd is a desktop application that can be used to quickly and effectively generate high-quality diagrams. Users can create diagrams manually, or import their external data for analysis. yEdโ€™s automatic layout algorithms arranges even large data sets with just the press of a button. yEd is freely available and runs on all major platforms: Windows, Unix/Linux, and Mac OS X.With...
Source: www.predictiveanalyticstoday.com

What are some alternatives?

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

Tricount - Manage and share expenses with friends

draw.io - Online diagramming application

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

LucidChart - LucidChart is the missing link in online productivity suites. LucidChart allows users to create, collaborate on, and publish attractive flowcharts and other diagrams from a web browser.

Splid - Splid helps friends manage their money.

OmniGraffle - OmniGraffle is for creating precise graphics like website wireframes, an electrical system designs, or mapping out software class.

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