Short Reckonings is a free web tool to help you keep track of group expenses and reconcile debts. For instance, you could create an expense sheet to track shared expenses among your roommates.
After adding each household member’s name, you would enter a brief description of each expense, the amount spent, who paid it, and which roommates should split the cost. You can add as many roommates or expenses as you need, and Short Reckonings will do the math to tell you who owes how much to whom – in the fewest possible number of payments. Sheets can be printed, shared with friends (by passing along the unique URL for your sheet), or saved. Currently, you must bookmark your expense sheet’s URL in order to return to the saved version, and Short Reckonings deletes sheets after they are not accessed for 90 days. The site promises future versions that will allow you to create an account, where you could save all of your expense sheets together and indefinitely.
ShortReckonings.com In Their Own Words
“No more hassle in tracking and evening out group expenses!”
Why ShortReckonings.com It Might Be A Killer
The user interface is simple and intuitive and you do not have to register, so it’s easy to get started using this app right away. In addition to roommates, one can imagine many others who might find this program useful – families, friends, travel buddies, couples, a bridal party, club, etc.
Some Questions About ShortReckonings.com
Until this site is upgraded to allow user accounts, you could create an expense sheet but if you forgot to bookmark the URL, all of your work would essentially be lost. 
