Splitting & settlements

When you share expenses with other people — a dinner, a holiday, a monthly household bill — you need a way to record who paid, how it should be divided, and when the resulting debts are cleared. That is what splitting does.

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How splitting works

1. Record a transaction as usual — the full amount, from the account that paid.
2. Mark it as a split and choose who shares it, and in what proportion (equal, by amount, or by percentage).
3. Recontrol tracks the outstanding balance each person owes.

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Settlements

When someone pays you back, record a settlement. Settlements close the loop: the debt is cleared, the balances update, and the books remain accurate. A settlement is itself a transaction — money moving from the person who owed to the person who was owed. It follows the same double-entry rules as every other transaction.

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Who can split

You can split an expense with:

• Members of the same space — splits within a shared household or group space
• Anyone outside the space — track what external contacts owe you, even if they are not Recontrol users

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Splitting vs. shared accounts

Splitting is for dividing a single transaction. If you want ongoing joint tracking — where multiple people can see and record all transactions together — use a shared space.