The words, in plain language

12 terms

Splitting

The everyday words of sharing costs in a group.

Spliz (the app): Spliz is a group expense app. Everyone adds what they paid and sees their share. Pay back in cash, by bank transfer or with your payment app, then record it in Spliz to keep balances up to date.
Shared expense: A shared expense is paid by one person for several. It has a payer, beneficiaries and a split rule, and it is the unit everything else in a group is built from.
Net balance: A net balance accounts for what someone paid, their share of expenses and recorded repayments. A positive amount is owed to them; a negative amount is what they owe. The underlying entries explain the balance.
Split: A split is the rule that says how much of an expense each beneficiary takes: the same share for everyone (equal shares), a weight per person (by shares), or a fixed amount (exact amounts). Spliz supports all three, plus random pick.
Random pick: Random pick is a split where one person, picked at random by the app, covers the whole expense. Nobody stakes anything; the odds are equal and the result is visible to the group.
Joint account: A joint account is a shared bank account where money is pooled. Spliz is not one: everyone keeps their own money, and only what you pay back moves from one person to another.
Money pool: A money pool collects money before an expense. Spliz does not collect upfront: one person fronts the expense and the group pays them back.
Settle: Settling a debt means paying it back. In Spliz, members record repayments made elsewhere. A zero balance alone does not explain how the account was settled.

Groups and repayments

Track expenses and distinguish calculations from payments.

Recording a repayment: Recording a repayment means noting money paid back outside Spliz, for example in cash or by bank transfer. It updates the group’s balances. It is a member’s declaration, not a bank confirmation.
A Spliz: A Spliz is an expense group for a trip, a shared home or a night out. It records what everyone paid and each person’s share. It does not hold money.
Shared account: A shared account is used by several people. At a bank, this may be a joint account. In Spliz, the group only shares a record of expenses.
Guest mode: Guest mode lets you join a Spliz and take part without creating an account. An Apple, Google or email account then lets you find your groups on another device.

Friends first. Enjoy the good times.