This article aims to provide an unbiased review of the top Android applications available in the market that can help users manage their debts and track their expenses. The use of such apps has become increasingly popular among individuals seeking to stay on top of their finances and maintain a healthy credit score. This review will assess the features, benefits, and drawbacks of the best apps for money owed and provide insights on which application best suits varying financial needs.
We have compiled a list of 5 Best App For Money Owed Android for your consideration, which have undergone rigorous testing and evaluation by our team of experts.
5 Best App For Money Owed Android
1. Splittr – Expense Splitting
Splittr is a user-friendly app that allows you to split group expenses during vacations or any other group activity. By simply adding expenses as you go, the app will calculate each participant’s owed amount, streamlining the division of bills.
Splittr is also equipped with additional features to enhance the user’s experience. With the option to invite friends and sync expenses across devices, Splittr eliminates the need for registration. Additionally, users can categorize expenses, export to PDF and CSV, and view group statistics.
The app’s intelligent equalization payment algorithm ensures that the least amount of transactions are made, lessening the burden of dividing expenses. Splittr also allows for uneven expense distributions, ideal for situations where participants paid different amounts or one benefited more or less.
Furthermore, Splittr works offline and supports all currencies. The app also provides automatic backups, ensuring that data is not lost.
An example of Splittr’s functionality is illustrated through a scenario where three friends are on a trip. When one friend pays for gas, the expense is easily entered into the app and divided equally. When dining out, the app simplifies the division of a restaurant bill despite different orders and payment amounts.
Overall, Splittr is a convenient app that streamlines the process of splitting group expenses.
Splitwise is a platform that simplifies the process of splitting expenses among friends and family. It is used by millions of people worldwide and offers a hassle-free method of organizing group bills, reducing the stress and awkwardness that money can place on important relationships. The platform is useful for various scenarios such as sharing rent and apartment bills between roommates, group trips, vacations, weddings, and more.
To use Splitwise, users can create groups or private friendships depending on the splitting situation. Expenses, informal debts, and IOUs can be added in any currency, and the platform supports offline entry. Expenses are backed up online so that everyone can view their balances and add expenses. Users can keep track of who should pay next and settle up by recording cash payments or using integrations. The platform offers numerous features such as expense categorization, calculation of group totals, export to CSV, and activity feed and push notifications.
Splitwise has received positive reviews from various publications such as The New York Times, The Financial Times, Business Insider, and Thrillist. Some of its industry-leading features include multi-platform support for Android, iOS, and web, repayment plan simplification, expense categorization, and integration with payment services such as Venmo and PayPal (US only) and Paytm (India only).
3. Tricount – Split bills & manage group expenses
Tricount is a mobile application that allows users to easily manage group expenses in various scenarios, such as holidays, housesharing, accounting in couples, and organizing events or parties. Its features include a simple and intuitive layout, a link to share expenses, the ability for anyone in the group to add their own expenses and see the balance, and the option to split expenses unevenly. Tricount also works offline, on mobile or web, and offers push notifications and optional login functionality to link all tricounts to a user’s profile.
To use Tricount, users simply create a tricount and share the link with their friends, allowing them to add their expenses and track their contributions to the group. The app eliminates the need for complicated excel files and provides a simple and effective solution to breakdown costs, share expense reports, and track spending. Tricount is ideal for use by couples, colleagues, roommates, and flatmates, and helps to easily determine who owes what to whom.
Tricount can be used on mobile or web and supports all currencies, including bitcoins. Its usefulness extends to various activities, such as holidays, city-trips, everyday lunches, and parties. With Tricount, users can easily manage their group expenses, track their balances, and ensure that everyone pays their fair share.
4. Splid – Split group bills
Splid is a tool that helps users manage shared expenses and settle up in a simple and stress-free manner. The platform eliminates the need to deal with change, lost receipts, and disagreements about balances. Users can input all their shared expenses, and Splid will provide a breakdown of who owes what to whom.
One of the best features of Splid is that it works both online and offline. Users can create an offline group and start tracking expenses in seconds. Alternatively, they can activate the sync feature to enter expenses together. Signing up is not necessary to use the platform.
Splid can handle even the most complicated bills. For example, it can account for situations such as where one user contributed more than the others or where the currency used for expenses differs from that used for settlement.
Splid boasts a clean and user-friendly interface. Users can share groups online, download summaries in PDF or Excel format, and choose from over 150 currencies. Additionally, the platform can handle transactions with multiple payees or uneven bill splitting. Users can also keep track of total costs to ensure everyone in the group has spent an equal amount.
For those who require it, an Excel export feature is available for purchase within the app. Splid is perfect for use on vacations, with roommates, in relationships, or with friends and family.
5. Settle Up – Group Expenses
Settle Up is an app designed to help users keep track of expenses and IOUs for groups of friends, flatmates, couples, event organizers, and travellers. The app is straightforward to use for simple splits, but also accommodates more complex expenses. Users can add multiple people, set different weights, add incomes, and easily add items from long bills. Settle Up is available on Android, iOS, Windows, and web, and offline use is possible. The app supports all currencies and has real-time exchange rates. Furthermore, it offers easy group sharing via link or ultrasound, sends notifications about changes, and minimizes the number of transfers between members. Additionally, Settle Up is available in many languages and focuses on a great design and user experience.
Settle Up also features many special functions based on users’ real-life needs. Users can view member statistics and filter transactions, export data by email in CSV format, and give people read-only access. Data backup and synchronization are possible, and users can use the widget and shortcuts for quick expenses. The app also offers a premium version with additional features, such as an ad-free experience, the ability to add photos of receipts, pre-selected or custom categories of expenses, recurring transactions, and a wide selection of group colors.