Splitwise vs Moneydance

Struggling to choose between Splitwise and Moneydance? Both products offer unique advantages, making it a tough decision.

Splitwise is a Online Services solution with tags like expense-sharing, bill-splitting, iou-tracking, roommate-expenses, couple-expenses, group-expenses.

It boasts features such as Track shared expenses and balances owed, Organize expenses into groups and categories, Automatic expense splitting and IOU tracking, Mobile and desktop apps for easy access, Reminders for upcoming payments, Expense history and reporting, Integrations with other financial apps and pros including Free to use for basic features, Simplifies expense tracking for groups, Syncs across devices for convenience, Intuitive and user-friendly interface, Supports a variety of expense types.

On the other hand, Moneydance is a Business & Commerce product tagged with budgeting, banking, investing, transactions, reports.

Its standout features include Online banking and bill pay, Investment tracking, Budgeting and forecasting, Transaction entry and management, Account reconciliation, Customizable reports, Multi-currency support, and it shines with pros like User-friendly interface, Available on Windows, Mac, Linux, iOS, and Android, Strong encryption and security, Automated transaction import, Flexible customization and categorization, Free mobile app.

Feature	Splitwise	Moneydance
Overall Score	N/A	N/A
Primary Category	Online Services	Business & Commerce

Product Overview

Splitwise

Description: Splitwise is a free online tool that helps groups of people share expenses and track balances owed. It allows roommates, couples, groups of friends, family members, and others to easily track shared bills, rent, vacations, event costs and more. The interface is user-friendly and it syncs across mobile and desktop.

Moneydance

Description: Moneydance is a personal finance software used for tracking budgets, managing accounts, reconciling transactions, and generating reports. It has features for online banking, investing, debt tracking, and more.

Key Features Comparison

Splitwise Features

• Track shared expenses and balances owed
• Organize expenses into groups and categories
• Automatic expense splitting and IOU tracking
• Mobile and desktop apps for easy access
• Reminders for upcoming payments
• Expense history and reporting
• Integrations with other financial apps

Moneydance Features

• Online banking and bill pay
• Investment tracking
• Budgeting and forecasting
• Transaction entry and management
• Account reconciliation
• Customizable reports
• Multi-currency support

Pros & Cons Analysis

Splitwise

Pros

• Free to use for basic features
• Simplifies expense tracking for groups
• Syncs across devices for convenience
• Intuitive and user-friendly interface
• Supports a variety of expense types

Cons

• Limited features in the free version
• Requires all group members to use the app
• No advanced budgeting or financial planning tools
• Potential privacy concerns with shared expenses

Moneydance

Pros

• User-friendly interface
• Available on Windows, Mac, Linux, iOS, and Android
• Strong encryption and security
• Automated transaction import
• Flexible customization and categorization
• Free mobile app

Cons

• Limited reporting compared to other PFM apps
• No income or cash flow analysis
• No advanced investment performance reporting
• No account aggregation
• Limited direct connect bank support

Pricing Comparison

Splitwise

• Free
• Freemium

Moneydance

• One-time Purchase