Multi party Settelment
Hi,
This is something we use on day to day basis withing friend.
e.g. Split wise snap shot:
I owe one of my friend A 10$
Friend B owes me 8$.
Now under multi party settelment we say that may be B will send my balance to A hence snap shot can be:
I owe $2 to friend A
Friend B owes me $0
I think above can be implemented easily and also we do this by adding multiple transcation in splitwise regularly by adding couple of transactions.
Hey there! Splitwise actually already has this feature, in two different forms:
(1) The “Simplify debts” feature in groups: turn this on, and debts within your group will automatically be simplified, in exactly the way you described. This only affects expenses within a single group.
(2) “Simplify debts” outside of groups: this is a feature on the account settings page on our website, under “advanced features”. This allows you to simplify debts with your friends even without being in a group. This feature is web-only and somewhat hidden, as we’ve found that it causes a lot of confusion for most people. If you use this feature with your friends, make sure they understand what the feature is doing, or else they may be confused about why their balances have suddenly changed.
Hope that helps!