Share debts and expenses with friends

Posted on : Wed, 16 Sep App: Scred

This is an interesting expenses track and share app that has obviously added a few extras since it launched. With a focus clearly on groups of people linked by a financial activity the site contains many tools that should make life a lot easier to organize.

There are more than a few apps out there aimed at making the nightmare of flat sharing more manageable and Scred can certainly be used in this capacity. Expenses can be logged and shared amongst flat mates and even paid via PayPal with this system. Flat sharing is just one of the situations that can be handled though.

I particularly like the idea of a band of musicians using a web app to get their act together. Obviously the bands that this app is aimed at are the ones who have yet to hit the big time and have an agent and accountant to rip them off.

It’s probably not healthy to imagine some of the shared expenses a rock band may have but suffice to say they can all be handled with Scred meaning that even the drummer can understand them! Even better it’s possible to bill gig organisers from the site.

One of the great features of this site, and it applies to our friends in the rock band as well as any group of people with something to promote or sell, is the integrated shop. Here you can sell tickets and collect fees as well as display and sell goods like tour shirts or charitable merchandise.

The accounting function available can provide those who want it with a clear picture of how things stand with reports on all movements. It can even keep a check og inventory levels if you’re using the integrated shop so you need never run out of XXL shirts in black for the mature rockers in the audience!

ConclusionI think this is a great app for groups of people who need some help getting organized financially and love the idea of rock band members looking at financial reports. However, with a fee of 1.5% taken for all monetary transactions (plus any applicable PayPal charges) it certainly sounds better than using Mr Ten Per Cent in Tin Pan Alley.

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