IOUHub is described as 'Track IOU's with your roommates and friends. When it's time to pay people back, IOUHub shuffles your loans and debts so you pay back as few people as possible'. There are more than 10 alternatives to IOUHub, not only websites but also apps for a variety of platforms, including Android, iPhone, iPad and Windows. The best alternative is Splitwise, which is free. Other great sites and apps similar to IOUHub are Kittysplit (Free), Memodude (Free), TabSplit (Free) and Tabbt (Free).
Memodude keeps track of who you lent to, reduces your receivables and gets rid of bad payers. A unique algorithm cancels out debts and keeps your preferences into account when doing so: which connections you prefer owing you and of which you are doubtful that they will repay you.
TabSplit allows users to keep track of their "social debts". So if you go out and share a tab it’s easy to split it up between your friends and know who has paid the tab and who owes you the remaining money.
Tabbt is the best way to share everyday expenses with your friends. A Tab is created within seconds: After paying for your group, you enter the total amount, add your friends and hit send. All Tabs add up to an ongoing balance. No more shuffling coins!
Billsup is the tool that aims to simplify your life! Enjoy time with your friends without worrying too much about money, debts, and how much you owe each other - let Billsup do all the tracking and math for you.
Sharing Bills & Expenses made simple. Split household bills, daily expenses and personal IOUs with friends and flatmates. Ideal for rent, groceries, utilities, travel, bbqs, dinner, drinks, sport clubs and more