Search for “best app to track debts” and you’ll mostly find lists written by people who have never opened the apps they rank. We build one of the apps on this list — Amunta — so instead of pretending to be a neutral reviewer, we’ll do the opposite of the usual trick: tell you plainly what each app is genuinely best at, including the cases where you should pick one of the others instead of us.
The short version: Splitwise specializes in splitting bills within groups. Khatabook and OkCredit mainly serve customer ledgers and merchants in the Indian market. Money Manager is strong at manual tracking and budgets, while Wallet adds bank synchronization for supported banks. Amunta focuses on a debt ledger for each person and purchases and sales on credit, with its core features working offline and without an account.
Splitwise — splitting bills in a group
Splitwise specializes in groups sharing the cost of a trip, home, or dinner. Members can see expenses and balances, and the app calculates who owes whom. If that is your main problem, it is one of the clearest choices for this use.
Shared use requires accounts and synchronization through the service. Its design centres on shared costs rather than a merchant's credit-sales ledger or a one-person account statement.
Khatabook and OkCredit — the digital khata
Both apps focus on customer ledgers, payment reminders, and the needs of small merchants in India. If you work in that market, compare them directly with the way your shop operates.
Outside India, check language availability, registration, messaging, and country-specific features before choosing. Those details can change and may make a simple local ledger a better fit.
Money Manager and Wallet — budgets first
Money Manager (by Realbyte) is one of the most mature classic expense trackers around: categories, budgets, detailed reports, and it largely works offline without an account. Its debt features exist but are not the heart of the app — it thinks in categories and budgets, not in people and running balances.
Wallet (by BudgetBakers) adds automatic synchronization for supported bank accounts, which its current documentation describes as a paid feature. If your bank is supported and you want transactions imported automatically, that is a genuine advantage Amunta does not offer. Synchronization, however, requires an account and a connection to the service and lets it process the account data needed to provide the feature.
Amunta — the offline debt ledger
Amunta is ours, so judge this section accordingly. It tracks daily expenses and income like the others, but its core is the part most finance apps treat as an afterthought: a per-person ledger. Loans you gave and received, purchases and sales on credit, partial repayments that update the balance correctly — including the tricky case where one payment settles an old debt and opens a new one in the other direction — and a PDF statement for any contact when “I have a record of this” needs to mean something.
It works fully offline, requires no account, shows no ads, and is free. It ships in 16 languages, and — as far as we know, uniquely in this category — that includes Fula, Wolof and Soninke alongside Arabic, French and English.
Where it is honestly not the right pick: it has no bank synchronization, it doesn’t split group bills the way Splitwise does, it won’t send SMS reminders to your customers the way Khatabook can, and it is newer than everything else on this list, with a smaller track record.
Side by side
| App | Offline use | No account needed | Per-person debt ledger | Credit sales & purchases | Group bill splitting | Bank sync |
|---|---|---|---|---|---|---|
| Amunta | All core features | Yes | Yes | Yes | No | No |
| Splitwise | Partial; sharing needs sync | No | IOUs between friends | No | Yes | No |
| Khatabook | Check by version and country | Registration required | Yes (customers) | Yes | No | No |
| OkCredit | Check by version and country | Registration required | Yes (customers) | Yes | No | No |
| Money Manager | Mostly manual features | Yes for manual use | Basic | No | No | No |
| Wallet | Manual entry is possible; sync needs a connection | An account is required for sync | Basic | No | No | Yes, supported banks |
Official sources last checked July 27, 2026. These feature summaries are an initial guide; plans and capabilities can vary by version and country.
Official sources
- Splitwise: advertised expense-splitting, group, and product features.
- Khatabook: official website and OkCredit: official website.
- Money Manager: official help centre.
- Wallet: bank-account synchronization.
So which one should you pick?
- You mainly split group costs — restaurant bills, trips, or accommodation: try Splitwise.
- You run a shop in India: compare Khatabook and OkCredit with your store's needs.
- You want automatic imports from a supported bank: choose Wallet. For detailed manual budgeting, choose Money Manager.
- Debts and credit are part of your daily life or your shop, your internet is unreliable, and you work in Arabic, French, Fula, Wolof or Soninke: that is exactly the situation Amunta was built for.
No app on this list is “the best” in the abstract. The honest question is which of these situations is yours — and the honest answer is that for four of them, the right app isn’t ours.