IOU (Split Bills)
What is a group and when should I use one?
You should use groups if you have have frequent IOUs with the same set of friends. Using groups provides the following benefits:
  • Reduce physical money transfers
    Transactions within a group tend to "cancel out". If you paid this month's rent, and your roommate had paid the previous month's rent, both the balances cancel out. When you consolidate debts within Buxfer groups, you reduce occasions where you need to pay your friend in cash, or using other (costly) ways of money transfer. With larger groups, this becomes even more effective.
  • Convenience in managing balances
    Consolidated groups help reduce the number of debts/loans you need to keep track of. If you have a 5-member group, Buxfer lets you track only 1 balance with the group as a whole, instead of tracking 5 balances with individual group members. Learn more about consolidation.
  • Convenience in reporting transactions
    You can enter transactions involving all group members by simply selecting the group name (instead of having to enter all member email addresses)
All your accounts at one place
Let's Get Started