Expense sharer is an online tool to share expenses with roommates, friends, family members and can be used for any occasions including trips, vacations, room rental etc. What differentiates this tool from other online tools is that - there is NO SIGNUP , NO LOGIN, NO PASSWORDS, NO HASSLE, NO DOWNLOADS, NO SAVING DATA ON SERVERS. The data is purely yours and you can export your data locally or share via Google docs and later import it back and continue on from where you left.
What makes this tool unique is that, it uses an unique algorithm that automatically minimizes the number of money transactions between the parties involved and shuffles the debt automatically thereby reducing the number of checks to write. There is NO limit on the number of people or the number of transactions you add . And you can specify the respective share (in ANY denomination) of each person (1 part, 2 part and even 1.5 part etc).
Below is a link where you can access the tool
Following are the basic steps to calculate shared expenses using “Expense Sharer”:
- Add names of people you would like to share the expense with.
- Add expenses of each person and also indicate the respective share of other person’s involved.
- Click on “Expense Report” and you should see who owes how much to whom.
- Print the Expense Report and give it your friends who are sharing the expense.
- Export the data and save it as a file (by clicking on the “Export” link). You can also send this file to your friends for them to import and view the expense report.
- When you visit next time, just import the file (by clicking on the “Import” link) and start from there (or) Start a brand new expense report without importing.
I will explain each link in detail..
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Amazing Effort. Really Appreciate. Just a suggestion if there is an export to excel sheet facility it would be awesome.
thanks
Hi I have a question. if there is 2 people sharing then how much do I put in the share section? 2 or 0.5
To explain how to use Expense sharer tool better, consider the following example
X and two of his friends Y and Z, share a two bed room apartment. X lives in one full bedroom, while Y and Z share the other room.
Its clear that X has to pay twice that others (Y and Z) pays.
so while entering the expense
put 2 for X in share section
put 1 for Y
put 1 for Z
Another scenario:
if 2 families (X and Y) are going for a picnic.
X family has 2 adult and 1 kid
Y family has 2 adults and 2 kids
to share expense between these 2 families (assuming kids share 0.5 of the share as adults)
put 2.5 for X in share section ( 1 + 1 + 0.5 )
put 3 for Y in share section ( 1 + 1 + 0.5 + 0.5 )
or you can enter each person separately and enter their respective share.
so in your case if 2 people are sharing equally, then put 1 for each person.
Hello,
How come when I’m trying to put in £920.00 for 2 people it’s coming up with hash symbols even though the formular looks the same as the other cells. some reason its not liking the numbers 930
any help as finding this REALLY useful but i’m stuck now as I can’t carry on until this is fixed.
Thanks again
When I tried to add £920 or £930, the application seems to work fine. Please reproduce this issue using sample data and send me the exported content. If there is an issue I will fix it as soon as possible.
Hi
Great tool. Found your site by chance as I have been thinking of creating such a tool for some time. Would you share the sources for it ? Please contact me to discuss possibilities. Regards.
Excellent application… Loved it..This is what I have been looking for..Just missing the STORE functionality.
Just see if you can use Google Docs to store stuff in the background…
I am moved to tears. Thank you, thank you. I just hope all the calculations were correct. I had such a huge list that I can’t even hand check the final numbers.
This is terrific, but I have one question. Is it possible to reconcile paid-off debts? In other words, when people who owe money to others pay all or some of what they owe, but shared expenses continue, where and how are payments recorded? Many thanks.
Hi Jeffrey, I am planning to add this feature in my the next release. I just want to know if enough people is interested in this application and wants new features.
Thank you, Mahin. I appreciate it.
Awesome. Saved me a lot of time.
Hello - This is a fantastic tool… I love it. Well done. I too would really love the ability to reconcile paid-off debts. Please let me know when this feature is enabled.
Awesome, I have been searching for a tool like this! Nice work!!