Why not just a spreadsheet?
A fair look at the usual ways people keep track of money they lend.
Personal IOUs
| Feature | IOUEZ | Bill-splitting apps | Notes, chats, spreadsheets |
|---|---|---|---|
| Both people sign the terms | — | — | |
| Terms locked after signing; changes need both | — | — | |
| Due dates, installments and interest | Some | By hand | |
| Reminders to the borrower | Some | — | |
| Payments confirmed by the lender | — | — | |
| Witnesses and guarantors | — | — | |
| PDF with signatures and history | — | — | |
| Split group expenses | By hand |
Credit, sales and loans
| Feature | IOUEZ | Accounting software | Spreadsheets |
|---|---|---|---|
| Agreements the customer or borrower signs | — | — | |
| Invoices with reminders | — | ||
| Installment sales with markup and guarantors | — | By hand | |
| Loan products and schedules | — | By hand | |
| Borrowers see their own balance | — | — | |
| Approvals and a collections queue | — | — | |
| Full bookkeeping and payroll | — | — | |
| Export to QuickBooks Online and Xero | n/a | By hand |
IOUEZ is not accounting software and doesn’t move money. It is the signed, shared record of what was agreed and what was paid, with the reminders and reports around it. Many businesses use it next to their accounting software and export to it.
Your next IOU, done right.
Create a clear, signed agreement in under a minute. Free on Android and the web.