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!
EU VAT and OSS preparation for creators and small SaaS. Brings your sales from each platform into one view, applies the right VAT rate per country, and prepares quarterly OSS figures for you or your accountant to review and file.
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Which is more popular?
Based on our record, Yac
seems to be more popular. It has been mentioned
2 times
since March 2021.
social mentions
2 vs 0
Productivity popularity
100% vs 0%
alternatives listed
190 vs 240+
Base details
Website, pricing, platforms and company facts side by side.
Asynchronous Communication Yac allows for voice messaging which lets teams communicate asynchronously, reducing the need for immediate responses and meetings.
Time Zones and Remote Work It helps remote teams or teams spread across different time zones to collaborate without needing alignment of work hours.
Voice Over Text Yac's focus on voice messages can add a personal touch and convey tone and emotion more effectively than text.
Ease of Use The platform is user-friendly with an intuitive interface, making it straightforward to use for most team members.
Integration Capabilities Yac integrates with various tools and platforms often used by remote teams, improving workflow efficiency.
Possible disadvantages
Message Management Voice messages can be harder to organize and reference compared to text-based communication.
Learning Curve Teams accustomed to text-based communication might take time to adapt to voice messaging.
Background Noise Voice messages are prone to background noise, which can affect the clarity of communication.
Bandwidth Usage Voice messages consume more data compared to text messages, which can be an issue in low-bandwidth situations.
Searchability Finding specific information in voice messages can be more challenging than searching through text.
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
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.
Analysis
An editorial look at what each product does well and who it suits.
YacSplitwise
Overall verdict
Yac is a good tool for teams that prioritize asynchronous communication and want to reduce the number of meetings. Its voice messaging capability can add a personal touch to communication that text-based messages cannot provide, and it is also useful for conveying tone and emotion more effectively.
Why this product is good
Yac is a platform designed to facilitate asynchronous voice communication, which can be particularly beneficial for remote teams that operate across different time zones. It allows users to send voice messages instead of scheduling calls or meetings, reducing the need for real-time communication and meetings, which can save time and increase productivity. It also integrates with various tools that are commonly used in remote work environments.
Recommended for
Remote teams, freelancers, and companies with team members spread across multiple time zones who need a solution for effective communication without the constraints of traditional meetings.
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 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...
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...
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....
Recommendations tracked on public social media and blogs since March 2021.
Yac2 mentionsSplitwise0 mentions
Wanted: Clubhouse but NOT live!
Take a look at Yac: https://yac.com/. Seems like what they were built for. In fact one of their YouTube videos even covers asynchronous meetings via audio.
Source:
over 5 years ago
Voice Recorder App for DUO
I’ll plug my own app and say I’d love for you to try out Yac!
Source:
over 5 years ago
Tracking Splitwise since Mar 2021.
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