Comparison

IOU vs TipSplit IQ

Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.

Head to head
About

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.

Highlights
  • Receipt scanning and itemization
  • Assign items to individuals
  • Automatic tax and tip calculation
  • Per-person total calculation
  • Eliminates manual bill splitting
Features
Read full description

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/

About

TipSplit IQ

Features
Read full description

TipSplit IQ - Smart Tip Calculator The beautiful tip calculator that makes dining out stress-free. Calculate tips, split bills, and get real-time results with our stunning Apple-inspired design. Features: • Real-time tip and bill splitting calculations • Preset tip percentages or custom amounts • Choose to tip on tax or not • Beautiful liquid glass interface • Per-person breakdown for groups • Completely free with no ads Perfect for restaurants, group meals, and any situation where you need quick, accurate tip calculations. License Agreement https://www.apple.com/legal/internet-services/itunes/dev/stdeula/

Screenshots

IOU4 screens
TipSplit IQ2 screens

Verdict

The call

The clearest difference is in-app purchases: TipSplit IQ at none against IOU's 5. TipSplit IQ also leads on iOS requirement (17.0 vs 26.0). IOU's advantage is device support (3 vs 1). On price, update cadence and ads 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

CostPrice · In-app purchases · Ads · Monetization

Both are free to download. IOU sells 5 in-app purchases, starting at $0.99 per month. TipSplit IQ asks for nothing beyond the download.

UpkeepUpdate frequency

IOU ships an update fortnightly, TipSplit IQ every 3 weeks. The most recent releases landed on October 11, 2026 and October 5, 2026 respectively.

Scorecard3 real differences · 7 level
IOU versus TipSplit IQ: the parameters behind the verdict, then further details
ParameterIOUTipSplit IQ
PriceFreeFree
Rating4.4 (17 ratings) — better—
Positive reviews60.0% of reviews—
Number of ratings17 — better—
Update frequencyFortnightly — betterEvery 3 weeks
AdsNoNo
In-app purchasesYesNo — better
MonetizationFreemium—
DevicesiPhone, iPad, Vision Pro — betteriPhone
Requires iOS26.017.0 — better
Further details — not scored
Size53 MB2 MB
Age rating4+4+
DeveloperEric AgredoXinzhou Liu

In-app purchases

5 purchases

IOU

Subscriptions4
  • IOU Pro3 Days trial$0.991 Month
  • IOU Pro$2.991 Month
  • IOU Pro7 Days trial$6.991 Year
Show 1 more
  • IOU Pro7 Days trial$24.991 Year
One-time1
  • Lifetime IOU Pro$29.99
None

TipSplit IQ

No in-app purchases

Questions

Is IOU free?
IOU is free to download, with in-app purchases available.
Is TipSplit IQ free?
TipSplit IQ is free to download, with no in-app purchases.
Do IOU or TipSplit IQ have ads?
Neither IOU nor TipSplit IQ shows ads.
Which is updated more often, IOU or TipSplit IQ?
IOU ships an update fortnightly, and TipSplit IQ every 3 weeks. Most recently, IOU was updated on October 11, 2026 and TipSplit IQ on October 5, 2026.

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