Managing balances and repayments
How Noryo works out who owes what and suggests the shortest repayment plan.
When several people front money for one another, the calculation can quickly become a headache. Notebooks take care of it for you: they track every expense, work out a balance per person, then suggest the shortest repayment plan. This article explains how to read these figures and how to settle a notebook without a hitch.
Notebooks and repayment calculation are included in the Premium and Ultra plans, which can be checked from the Subscription screen.
How the balance is calculated
For each expense, Noryo looks at who paid and who it counts for, then splits the amount between the beneficiaries. Adding everything up gives each person's balance: a positive balance means the person fronted more than their share, a negative balance that they still owe something.
Reading the balances
- Positive balance
- The person paid more than their share. They are owed the difference.
- Negative balance
- The person paid less than their share. They owe the difference.
- Zero balance
- The person is settled up, they have nothing to give or receive.
The minimal repayment plan
Rather than asking everyone to repay everyone else, Noryo looks for the shortest combination of transfers to bring everyone back to zero. The result: fewer transfers, clear amounts, and no one gets lost.
| Participant | Balance | To do |
|---|---|---|
| Alex | +30 € | Receives 30 € |
| Sam | -20 € | Sends 20 € to Alex |
| Lea | -10 € | Sends 10 € to Alex |
Reducing the number of transfers avoids pointless back-and-forth and limits any fees between accounts.
Recording a repayment
Once a transfer has been made, remember to record it in the notebook. The balances update to reflect reality, until everyone is settled up.
- Make the transfer shown by the repayment plan
- Record it in the notebook to update the balances
- Repeat until all balances reach zero
- Close the notebook when it is fully settled
Exporting the summary
At any time, you can export the summary of a notebook to share it with the participants or keep a record of it. Handy for cleanly wrapping up a trip or a flat-share period.
Special cases
The balances do not come out even at rounding
Very small rounding gaps can appear on uneven splits. Adjust to the cent on the last repayment if needed.
A participant paid for themselves only
List them as the sole beneficiary: the expense will not weigh on the others.
We repaid in cash
Record the repayment in the notebook anyway so the balances stay accurate.
All the best practices for stress-free shared expenses.