Reduce the headache of shared expenses with billshare

If you have ever split an expense with a person (or a group of people), then you know the hassles involved. Sending out reminders, making sure everyone has paid, and keeping a good financial record is enough to make me pull my hair out! I have tried using financial software to keep tabs on shared expenses, but it is very cumbersome. Plus, everyone involved wants to track their payments and there is no good way of doing it will locally install financial software.
Then I discovered an online application called billshare. It allows you to:
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