# IOU vs Splitip

The clearest difference is rating: Splitip at 5.0 against IOU's 4.4. Splitip also leads on review sentiment (100% vs 60%) and in-app purchases (none vs 5). IOU's advantage is update cadence (fortnightly vs every 2 months) and ratings volume (18 vs 6). On price, ads and device support there is nothing between them.

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

Splitip holds the better App Store score, 5.0 against 4.4. Both are backed by a comparable volume of ratings — 18 and 6 respectively. Written reviews point the same way: 60% of IOU's written reviews are positive against 100% of Splitip's.

IOU ships an update fortnightly, Splitip every 2 months. The most recent releases landed on November 3, 2026 and November 5, 2026 respectively.

## The numbers

| Metric | IOU | Splitip |
| --- | --- | --- |
| Price | Free | Free |
| Rating | [4.4 (18 ratings)](https://appshunter.io/ios/app/iou-split-receipts-and-expense/id1589968294/reviews) | **[5.0 (6 ratings)](https://appshunter.io/ios/app/splitip/id6757296925/reviews)** |
| Number of ratings | **18** | 6 |
| Positive reviews | 60.0% of reviews | **100.0% of reviews** |
| In-app purchases | Yes | **No** |
| Ads | No | No |
| Update frequency | **Fortnightly** | Every 2 months |
| Monetization | Freemium | **Free** |
| Size | 53 MB | 21 MB |
| Requires iOS | 26.0 | **15.6** |
| Devices | iPhone, iPad, Vision Pro | iPhone, iPad, iPod |
| Age rating | 4+ | 4+ |
| Developer | [Eric Agredo](https://appshunter.io/developer/1475112741) | [Sumin Jo](https://appshunter.io/developer/1865839865) |

## What reviewers say

### 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 |


### Splitip

[App page](https://appshunter.io/ios/app/splitip/id6757296925)

Effortlessly split bills and calculate individual expenses with proportional tax and tip distribution. Scan receipts using OCR to automatically extract line items, assign them to individuals, and generate shareable summaries. Offers host and self-service modes for flexible group bill management.

**Highlights:** Receipt scanning with OCR, Proportional tax & tip distribution, Host and Self-Service splitting modes, Bill history with search and filter, Export bills to CSV, Integrated payment links

**Features:** macOS Compatibility, Vision Pro support

**In-app purchases:** none


## Frequently asked questions

### Is IOU free?

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

### Is Splitip free?

Splitip is free to download, with no in-app purchases.

### Which has better reviews, IOU or Splitip?

Splitip is rated higher. IOU averages 4.4 out of 5 from 18 ratings, while Splitip averages 5.0 from 6 ratings.

### Do IOU or Splitip have ads?

Neither IOU nor Splitip shows ads.

### Which is updated more often, IOU or Splitip?

IOU ships an update fortnightly, and Splitip every 2 months. Most recently, IOU was updated on November 3, 2026 and Splitip on November 5, 2026.

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