iOweYou is not just another debt-tracking app. It's an intelligent solution to manage debts with your friends or even solo, ensuring everyone knows exactly who owes who.
- Create Contracts with a friend to start tracking debts.
- Add 'Owe' or 'Receive' entries easily.
- Automatically calculates the balance between Contract partners.
- Confirm a debt entry before it affects the balance.
- Track debts solo with the Solo contract feature.
These core features are augmented by a few additional functionalities:
- Real-time sync with all Contract partners.
- Intuitive user interface for quick debt entry.
Settle-Up Feature
When it's time to close the books, the Settle-Up feature comes into play:
- Both partners can acknowledge if they 'Owe' or 'Receive' within the app.
- Archived statements of all settled debts, similar to bank statements.
- Automatically resets the debt total to zero.
- Disputed or proposed deals roll over to the new statement.
The contract-based approach ensures a clear and transparent record between you and your friend. Before a debt gets added to the balance, both partners need to accept it, ruling out any potential disputes.
If you prefer to track your debts independently, the Solo contract feature gives you all the flexibility you need without compromising on the core functionalities.
iOweYou Now you know!.