HomeBank

shared expenses / IOU accounting

Asked by Stefan Mueller

I may crack a nut with a sledgehammer but me and my girlfriend have different accounts for different purposes and currencies. Since our main bank doesn't allow us to use a sub account mutuality by issuing a second ATM card we use multiple cards/accounts depending on country and purposes.

I would love to simplify this but is currently not a realistic option. That why I started to put all payments (recorded money transfers / debits) in an excel spreadsheet what tells us who owns whom how much in regard of e.g. cost of flat, daily expenses etc. It is somehow similar to the spreadsheet available for download on 'Money Under 30' but bit more complex (with e.g. uneven shared expenses)

Now I reached a point where too much data got accumulated, so I would like to know if this app suits our needs?

I did some researched on the web and found a plenty of free (open source) accounting software and shared expensed smartphone apps. The apps are too simple and mainly don’t allow importing data. So I need something in between. So far I found the following apps:
    expensure
    My finances
    Settle Up
    Splitwise
    Tricount
    WeSplit.it - Share Bills and Expenses

Since they don’t satisfy my need I read through some comparison website. These sites explain already a lot but nothing about shared expenses. They are:
    Capterra Finance Software Blog - Top Free Accounting Software Options
    opensource.com - 3 open source personal finance tools for Linux
    techradar - The best free accounting software 2017

So I ended up with software packages listed below. May someone else faced once the same challenge and uses one of them. That would save me a lot of time of evaluation.
    AdminSoft Accounts
    AFAS Personal Plus
    Apache OpenOffice
    Banana Accounting
    Buxfer: Easy Online Money Management
    economizzer
    GnuCash
    HomeBank
    Invoice Expert
    KMyMoney
    LedgerSMB
    moneytrackin’
    Money Manager Ex
    NCH Express Invoice
    osFinancials Accounting Software
    QuickFile
    Skrooge
    SlickPie
    TurboCASH
    VT Cash Book
    Wave Accounting
    webzash
    xTuple PostBooks
    ZipBooks

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Revision history for this message
Maxime DOYEN (mdoyen) said : 		#1

I would say that any tool that can manage multiple account with multiple currencies with internal xfer management and good report option would suit, if I can consolidate your needs, so far I can understand it.

I would suggest you try HomeBank (at first of course), money manager ex, kmymoney, as I don't really know the others ;D

Revision history for this message
Stefan Mueller (stefan-mueller-83) said : 		#2

Thanks!
Will do

On 5 Aug 2017 14:58, "Maxime Doyen" <email address hidden>
wrote:

> Your question #652292 on HomeBank changed:
> https://answers.launchpad.net/homebank/+question/652292
>
> Status: Open => Answered
>
> Maxime Doyen proposed the following answer:
> I would say that any tool that can manage multiple account with multiple
> currencies with internal xfer management and good report option would
> suit, if I can consolidate your needs, so far I can understand it.
>
> I would suggest you try HomeBank (at first of course), money manager ex,
> kmymoney, as I don't really know the others ;D
>
> --
> If this answers your question, please go to the following page to let us
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Revision history for this message
Launchpad Janitor (janitor) said : 		#3

This question was expired because it remained in the 'Open' state without activity for the last 15 days.