Splitsh vs IOU
Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.
Splitsh
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Splitsh will help you and your friends to keep track of expenses that needs to be split among you. Splitsh makes it convenient for you when you need help to track group expenses, this can for example be a group of room mates or when you're travelling with friends. You start by creating an event in Splitsh, for example "Road Trip January 2018". Everybody that joins you on this trip then joins the event in Splitsh by using a share code. After joining the event they can upload expenses they have paid for on behalf of the group. You add an expense that you have paid by uploading an image of the receipt, for example you paid the whole bill for the Lunch. The Splitsh server will then run a character recognition technology (OCR) on the receipt to try and detect expenses. You may then edit/add if there's anything missing or incorrect, and then save. The receipt will now show up for all your friends in the event and everybody can go in and claim items as their responsibility to pay. A single item on a receipt can also be claimed by multiple people, for example you might have shared some french fries with someone else. When the event is over and everybody has uploaded their costs the person who created event closes the event. A push notification will then be sent out to all the participants in the event that it's time to claim your expenses (if you haven't already). After everybody is done claiming their expenses Splitsh calculates who owes who what and sends a notification to those who have outstanding payments to make. Splitsh has integrated the payment with Swish so it's easy to Swish over the money you owe from the event to your friend(s). If you or your friend prefer cash payment there's also a cash payment option in the app. Splitsh supports multiple currencies, you can have different currencies within the same event. We will take care of the forex conversions for you. Your event is not in Swedish Krona but you still want to settle by using Swish? No problem we will do the necessary forex conversion before opening the Swish app. Premium: - USD $0.99/ 2 months (For non-US app stores, the equivalent currency charges will apply) - Ads removed - Support more active events - Mix different currencies Subscription Terms: - If you choose to purchase a subscription, payment will be charged to your iTunes Account upon confirmation of purchase. - Your subscription automatically renews unless auto-renew is turned off at least 24-hours before the end of the current period. - Your account will be charged for renewal at USD $0.99/ 2 months (For non-US app stores, the equivalent currency charges will apply) within 24-hours prior to the end of the current period. - Subscriptions auto-renewal may be turned off via Settings > iTunes & App Store > Apple ID > View Apple ID. However refunds will not be provided for any unused portion of the term. - Any unused portion of a free trial period, if offered, will be forfeited when you purchase a subscription to that publication, where applicable. Terms and Conditions: https://splitsh.com/eula.html Privacy Policy: https://splitsh.com/privacy_policy.html
IOU
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.
- Receipt scanning and itemization
- Assign items to individuals
- Automatic tax and tip calculation
- Per-person total calculation
- Eliminates manual bill splitting
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IOU is the easiest way to scan receipts, itemize every purchase, and split group expenses accurately. Split what everyone actually ordered—no spreadsheets, no mental math, no awkward follow-ups. SCAN RECEIPTS. ASSIGN ITEMS. DONE. Take a photo of any receipt and IOU will automatically extract items, prices, and totals. Then tap through and assign each item to the right person. Perfect for dinners, trips, and shared purchases where everyone orders something different. ACCURATE SPLITS, EVEN INTERNATIONALLY Split expenses using items, equal splits, percentages, or exact amounts. IOU supports foreign currencies with real-world exchange accuracy using actual credit card charge rates. Region-aware calculations ensure tax and tip are handled correctly wherever you are. BUILT FOR GROUP EXPENSES Create groups for trips, dinners, roommates, and more. Customize groups with photos or curated artwork. Track all expenses in one place and view group insights and spending breakdowns. Settle up easily with Venmo & CashApp. POWERFUL RECEIPT FEATURES * Scan and automatically itemize receipts * Works with foreign receipts and translations * Assign items to individuals one by one * Upload and store receipts within groups * Share a clean breakdown with your group FLEXIBLE AND ORGANIZED * Import existing expenses from other apps * Export your data as CSV or PDF * Adjust settings based on your region * Customize the app with your preferred accent color WHY IOU MOST APPS SPLIT TOTALS. IOU SPLITS WHAT ACTUALLY HAPPENED. No more overpaying. No more chasing people. Just accurate, transparent group expenses. Terms of condition: https://www.apple.com/legal/internet-services/itunes/dev/stdeula/
Screenshots
Verdict
The clearest difference is update cadence: IOU at fortnightly against Splitsh's every 2 months. Splitsh's advantage is iOS requirement (10.3 vs 26.0). On price, ads, in-app purchases and device support there is nothing between them.
Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS
Both are free to download. Splitsh sells 1 in-app purchase, starting at $0.99 per 2 months 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.
Splitsh ships an update every 2 months, IOU fortnightly. The most recent releases landed on October 10, 2026 and October 11, 2026 respectively.
| Parameter | Splitsh | IOU |
|---|---|---|
| Price | Free | Free |
| Rating | — | 4.4 (17 ratings) — better |
| Positive reviews | — | 60.0% of reviews |
| Number of ratings | — | 17 — better |
| Update frequency | Every 2 months | Fortnightly — better |
| Ads | No | No |
| In-app purchases | Yes | Yes |
| Monetization | — | Freemium |
| Devices | iPhone, iPad, iPod | iPhone, iPad, Vision Pro |
| Requires iOS | 10.3 — better | 26.0 |
| Further details — not scored | ||
| Size | 90 MB | 53 MB |
| Age rating | 4+ | 4+ |
| Developer | Code Motion Sdn Bhd | Eric Agredo |
In-app purchases
Splitsh
- Premium$0.992 Months
IOU
- IOU Pro3 Days trial$0.991 Month
- IOU Pro$2.991 Month
- IOU Pro7 Days trial$6.991 Year
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- IOU Pro7 Days trial$24.991 Year
- Lifetime IOU Pro$29.99









