London, UK (myPressManager.com) September 13, 2011 WhoseBill (www.whosebill.com) launches a new online application to simplify managing money with friends. WhoseBill now offers a unique solution to the problem of personal IOUs and complex group finances.

At the heart of WhoseBill is an advanced offsetting engine that helps its users understand exactly how much they owe or are owed by each of their friends. Users simply need to record money they lend or borrow, or bills they pay on behalf of others. WhoseBill performs the maths to total everything up and suggest who should pay next.

WhoseBill can also organise money into "pools" making complex group finances easy, such as house shares and holidays. When users are ready to settle up, WhoseBill calculates and orchestrates the most efficient repayments.

The application is underpinned by a new platform to support the company's vision of integrating social networks and online payment systems. The platform supports richer mobile integration with an iPhone application scheduled for the end of the year.

WhoseBill Limited is a private company, creating innovative web applications to help consumers manage their social finances.

Contact:

Julian Mclean
WhoseBill Limited
Mobile: +44 7973 217619
Email: julian@whosebill.com

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