Tracking Payments and Managing Debts
Last updated September 17, 2024
Splitwise helps you stay organized and on top of your shared finances. Keeping track of payments and managing debts becomes easy by utilizing Splitwise's features.
Tracking Payments and Managing Debts with Splitwise
- Payment History:
- View Past Payments: On your Splitwise account, you can review a comprehensive record of all the payments you have made or received, including details like the amount, payment date, and payment method.
- Balance Updates:
- Real-Time Updates: As payments are made or received, your balances with individuals will automatically adjust in real-time, giving you an updated view of your financial standings.
- Managing Debts:
- Debt Reminders: Splitwise sends notifications to remind everyone about pending payments, helping you manage your debts efficiently.
- Outstanding Balances: Easily identify outstanding balances that need to be settled, ensuring everyone stays up-to-date on their financial obligations.
- Debt Settlement:
- Pay Down Debts Effectively: Splitwise helps you efficiently settle debts by making sure the right amount is paid to the right person.
- Simplify Group Settlements: For group balances, you can easily track who owes whom, ensuring everyone settles their share within the group.
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