TOOL LIBRARY / FINANCE & ACCOUNTING

Splitwise

Tracks shared expenses, balances, and repayments for a group.

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What it is

Splitwise records who paid, how each expense is divided, and who owes whom. It is designed for trips, households, and other groups that need a running shared balance without passing a spreadsheet around.

Ways to use it

Ideas from real executive operations work. Take the ones that fit.

  • Create one group for a leadership retreat and record shared meals, rides, and supplies.
  • Split an event cost by exact amount when attendees have different reimbursement limits.
  • Use percentage or share-based splits when two departments are funding the same activity.
  • Attach clear descriptions to each charge so the group can resolve questions before settling.
  • Export or copy the settled expenses into the company's approved reimbursement record.

Our take

Use Splitwise for a temporary group expense problem, especially travel. Move approved business expenses into the company's expense or accounting system rather than treating the Splitwise balance as final documentation.