# Expense Split vs IOU

The clearest difference is review sentiment: IOU at 60% against Expense Split's 33%. Expense Split's advantage is rating (4.7 vs 4.4) and iOS requirement (16.6 vs 26.0). On price, ratings volume, update cadence and ads there is nothing between them.

Both are free to download. Expense Split sells 4 one-off in-app purchases and IOU sells 5 in-app purchases, starting at $0.99 per month. Whichever you choose, the download price is not the number that matters.

Expense Split holds the better App Store score, 4.7 against 4.4. Both are backed by a comparable volume of ratings — 20 and 17 respectively. Written reviews complicate that: 33% of Expense Split's written reviews are positive against 60% of IOU's, so the app with the better star average is not the one people write more warmly about.

Expense Split ships an update every 2 weeks, IOU fortnightly. The most recent releases landed on July 30, 2026 and September 21, 2026 respectively.

## The numbers

| Metric | Expense Split | IOU |
| --- | --- | --- |
| Price | Free | Free |
| Rating | **[4.7 (20 ratings)](https://appshunter.io/ios/app/expense-split-track-and-settle/id1041478586/reviews)** | [4.4 (17 ratings)](https://appshunter.io/ios/app/iou-split-receipts-and-expense/id1589968294/reviews) |
| Number of ratings | **20** | 17 |
| Positive reviews | 33.3% of reviews | **60.0% of reviews** |
| In-app purchases | Yes | Yes |
| Ads | No | No |
| Update frequency | Every 2 weeks | **Fortnightly** |
| Monetization | Free with in-app purchases | Freemium |
| Size | 8 MB | 53 MB |
| Requires iOS | **16.6** | 26.0 |
| Devices | iPhone, iPad, Apple Watch | iPhone, iPad, Vision Pro |
| Age rating | 4+ | 4+ |
| Developer | [S Ravi Shankar](https://appshunter.io/developer/516903373) | [Eric Agredo](https://appshunter.io/developer/1475112741) |

## What reviewers say

### Expense Split

[App page](https://appshunter.io/ios/app/expense-split-track-and-settle/id1041478586)

Easily split shared expenses with friends, roommates, or travel companions. This tool automates calculations, handles custom splits, and provides clear balance breakdowns to simplify debt settlement without awkward conversations.

**Highlights:** Split bills in seconds, Customizable and smart splits, Intelligent expense suggestions, Organized group overviews, Real-time collaboration, Simplified debt settlement, Privacy-focused, no account needed

**Features:** macOS Compatibility, Family Sharing, Apple Watch app, Vision Pro support

**In-app purchases (4)**

| Purchase | Price | Billing |
| --- | --- | --- |
| Share Settle Up PDF | $0.99 | one-time |
| Export CSV | $1.99 | one-time |
| All Pro Features | $2.99 | one-time |
| All Premium Features | $2.99 | one-time |


### IOU

[App page](https://appshunter.io/ios/app/iou-split-receipts-and-expense/id1589968294)

Effortlessly split bills with friends by scanning receipts. The app itemizes purchases, assigns them to individuals, and calculates each person's total including tip and tax. Avoid manual calculations and ensure fair payment among your group.

**Highlights:** Receipt scanning and itemization, Assign items to individuals, Automatic tax and tip calculation, Per-person total calculation, Eliminates manual bill splitting

**Features:** Family Sharing

**In-app purchases (5)**

| Purchase | Price | Billing |
| --- | --- | --- |
| IOU Pro | $0.99 | per month |
| IOU Pro | $2.99 | per month |
| IOU Pro | $6.99 | per year |
| IOU Pro | $24.99 | per year |
| Lifetime IOU Pro | $29.99 | one-time |


## Frequently asked questions

### Is Expense Split free?

Expense Split is free to download, with in-app purchases available.

### Is IOU free?

IOU is free to download, with in-app purchases available.

### Which has better reviews, Expense Split or IOU?

Expense Split is rated higher. Expense Split averages 4.7 out of 5 from 20 ratings, while IOU averages 4.4 from 17 ratings.

### Do Expense Split or IOU have ads?

Neither Expense Split nor IOU shows ads.

### Which is updated more often, Expense Split or IOU?

Expense Split ships an update every 2 weeks, and IOU fortnightly. Most recently, Expense Split was updated on July 30, 2026 and IOU on September 21, 2026.

---

*Compared by [AppsHunter](https://appshunter.io/) from daily US App Store data. Review summaries are generated from verbatim App Store reviews.*