instatab logo
Sign in

How are debts settled in instatab?

Category: Managing expenses & debts

Once participants start logging expenses on a tab, instatab's algorithm will calculate the debts between them. Under the expense log you can see an individualized debts panel, that shows whom you owe money and who owes you.

Once you have paid someone off or someone has paid you off, you can use this panel to settle debts by clicking on the "Mark as settled" button next to the debt.

Settling a debt is really just a convenience that generates an expense log entry that offsets the debt in question.


Frequent questions

General

  • What is instatab?
  • Can I use instatab for free?

Managing expenses & debts

instatab logo

© 2023 instatab. All rights reserved

InstagramYouTube

instatab

HomeBlogFeaturesHow it worksContact us

Stay up to date