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I would like to register in a web app that I owe $10 bucks to my friend X. Then X can submit his debt of $20 to Y which in turn owes $15 to me.

The app then could identify this circular debt and suggest the cancelation of 10 bucks of each debt.

Is there any web app that does this? Maybe a FB app?

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closed as off topic by ChrisF Jun 16 '13 at 10:17

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Have you thought about using a shared spreadsheet in Google Docs? Seems like the easiest way to me. – boehj Jun 11 '11 at 22:21
@boehj I do that. It's not ideal – Jader Dias Jun 12 '11 at 0:57
I'd love to know if you found a solution to this. Billmonk's "Shuffle debt" used to do this beautifully, but the site has been extremely buggy lately. – sundar Aug 28 '12 at 8:40
up vote 3 down vote accepted

Try Piggy Back - it seems to be able to do what you want.

You add friends and then create a debt between the two of you. Either they owe you money or you owe them. When you create a Debt your friend receives an email so that they can confirm the debt.

It also handles the "circular debt" that you mention. So if a friend owes you $20 but you owe your friend $10 then the outstanding debt is only displayed as $10.

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I mentioned a 3-person circular debt, not 2-person. But it's better than nothing. – Jader Dias Jun 12 '11 at 15:47
@JaderDias: oops! Yes I see now, I just saw the X and Y and missed out the me. It does look like a pretty neat App though - especially if all your friends sign up to. – codingbadger Jun 12 '11 at 15:50

My Android App "Money Between Friends" will handle the debt between any (reasonable) number of people, and even suggest a payback scheme with as few payments as possible. It is meant for friends going on trips together, so it will also handle outlays - that is when someone pays a bill for all.

But apart from this, any accounting package with "double accounting" i.e. debit and credit will do what you want.

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Can you provide a link? – samthebrand Jan 4 '12 at 20:49
market.android.com/….. – Jan Schoubo Jan 31 '12 at 20:03

Just bumped into this thread. Try Expensure. Www.expensure.com

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While this link may answer the question, it is better to include the essential parts of the answer here and provide the link for reference. Link-only answers can become invalid if the linked page changes. – Jacob Jan Tuinstra Jun 16 '13 at 11:10

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