Settlement FAQs

can we backtrack a settlement in splitwise

by Boris Schmidt Published 2 years ago Updated 2 years ago
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How do you reverse a settle up in Splitwise?

You can cancel a payment the same way that you would delete any other expense. Just tap/click on the payment in your list of transactions, and then click the "Delete" button.

What happens when I click settle up in Splitwise?

Just hit the "Settle up" button to pay back your friend. You can record a cash payment (e.g. you just handed your friend some cash, and now you want to update Splitwise to reflect that), or if you're in a supported country, you can send your friend a PayPal or Venmo payment directly through the Splitwise app.

Can you settle up more than once on Splitwise?

Splitwise should already allow you to record partial settlements – after you hit “Settle up”, just delete the number from the amount field and enter any number that you'd like. Splitwise will add a record of your payment, and your total balance will update accordingly.

How do I edit an expense in Splitwise?

When adding a new bill (or payment), just click on the currency symbol in the "amount" field. You'll be presented with a list of all the different currencies that Splitwise supports.

How do I see Splitwise history?

Log in to your Splitwise account, then click on "Recent activity" near the top of the left-hand column. Click the "View more" link to view further history and changes in the past.

What is settle all balances in Splitwise?

In short, those transactions get added automatically any time you have balances that fully cancel each other out. "Settle all balances" transactions never change your actual balance with a person – they simple move your balance from one place to another (for example, from one group to another group).

Can Splitwise be wrong?

If you still think there's an error with your account, feel free to contact us at [email protected] and include specific details on what part of your account seems to be incorrect. We'll get back to you as soon as possible.

Does Splitwise charge a fee?

How Much Does Splitwise Cost? Splitwise is free but you can sign up for Splitwise Pro for $3 a month.

How do you split unequally in Splitwise?

Yes you can! When dividing a bill, choose "Split the cost unequally" and then choose "Split by %". You'll be able to assign a percentage of the total cost to each person involved in the transaction.

How do I remove myself from a transaction on Splitwise?

If you were added to any expenses in error, you can remove yourself from them by editing the bill.

Can we change currency in Splitwise?

Yes! In the "account info" section of your user settings page, you'll see an option to set a default currency. To get there on the website, log in to splitwise.com, click on your name on the top right of the screen, and then click "My account". This currency will be selected by default when adding new bills.

How does settle up work?

Settle Up is an easy way to pay back friends, split the bill and send IOUs. To receive money, activate your personal Settle Up link by going to 'Payments' and then 'Request Money'. Then you can generate and send a personal Settle Up request, or just share your link and your friends can enter the amount themselves.

What is simplify debts in Splitwise?

Debt simplification (a.k.a. "simplify debts" or "debt shuffling") is a feature of Splitwise that restructures debt within a groups and across friendships. It does not change the total amount that anyone owes, but it makes it easier to pay people back by minimizing the total number of payments.

What does settle up mean?

Pay a debt or one's share of the cost, as in When can you settle up for the tickets I bought for us? or Jean said she'd settle with the bank next month.

How do you split a bill as a percentage?

Make a list of all your combined expenses: housing, taxes, insurance, utilities. Then talk salary. If you make $60,000 and your partner makes $40,000, then you should pay 60 percent of that total toward the shared expenses and your partner 40 percent.

How do you divide a bill as a percentage?

Say Person A makes 60% of the total household income. Under this system, Person A will then pay 60% of the household bills. How do you calculate the percentage of household income? Add up the incomes of both individuals and then divide the largest income by that number.

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