Sending a direct message on Twitter hardly takes seconds either from phone, twitter web site or a twitter client. So now you don’t have to procrastinate on entering bills, its easy and fast. We hope you enjoy using this feature.

P.S

How to get started on this feature

1. Follow beezang on twitter.
2. Sign in to beezang, go to settings and add your twitter username.
3. Send your bills as direct message to beezang from twitter. e.g.
……….“lent 400 bucks to Sam”,
……….“spent 100 bucks on grocery for group home”.
4. Next time when you sign into beezang, you will see your direct messages in Notes tab. Click there and save the notes as appropriate bills.

To know more on how to use Twitter from your phone visit http://help.twitter.com/forums/59008/entries/14014-twitter-phone-faq

You can now enter your personal bills by clicking on ‘Add Bill‘ tab on your side navigation bar and then clicking ‘Add Personal Expense‘. You can enter the bill by filling in some simple details and assigning a category.

We have added a new tab on the Home Page ‘Personal Expense‘ . This tab shows you a nifty pie chart which gives you an idea about where you have spent your money in the current month. If you want to dig into the details , just click on “More Details” and you will be able to see the data and your spending pattern of the last three months.  We hope you find these data useful. Give it a spin and let us know how you feel about it.

Cheers

There are certain common expenses you will be sharing your room mates. Some of them are the apartment rent, maintenance bills, groceries that you buy for the house, common house hold items purchases and maid/cook’s salary if you keep one.  By following certain simple protocols you can make your life easier managing all these expenses:

1. Apartment Rent: One person has to take up the responsibility of paying the rent on the time. It’s easier to just set up an auto-transfer instruction with the bank settings to transfer the rent at the beginning of the month. The rest of the folks can do the same to transfer their share of rent to the person who paid for the rent. In case, the person who usually pays the rent to the land lord cannot do it for some reasons for a month, she should communicate it to other room mates so someone else can take up the responsibility.  Paying your apartment rent on time is one of the key factors that keep your relationship with your landlord cordial.
2. Household Items: When you move into a new apartment with room mates you will be buying stuffs like couch, television, beds, curtains so on. These items can be considered as one time expenses. Ideally it’s best if you can minimize common items that are purchased. Stuffs like beds or room curtains, you can probably on personal basis, while other items like common furniture in living room can be made a common purchase. When somebody leaves, you can decide mutually on how much depreciation to apply on the common items and then refund the person’s share accordingly. To find out how much is the depreciated price of the items purchased; you can look it up on online/offline classifieds for similar items.
3. Maintenance Bills: It’s really difficult plus it’s unfair for one person to be responsible for taking care of all the bills. In an ideal case, you can just split the responsibility of who is going to pay which bill. But in real life it won’t probably work. Well an ad hoc assignment of who is going to be paying which bill for the month can still work as long one of you takes the lead to ensure that each bill has been taken care of.  The person paying the bill should put in the receipt in common file that you guys maintain. (Yeah do maintain a file of all payments made, may help out in future in case of some misunderstandings in future)
4. Groceries/Maid Salary/Miscellaneous: These are some other expenses you will be sharing. For groceries, make sure that you do split up the bills fairly. You don’t want your vegan room mate to pay for the Chicken Sausages you guys bought.  Also ensure that you keep your personal purchases that you did with the common items separately. Once again, keep receipts of all purchases made for future reference if required.

One thing you must do is keep track of all expenses incurred. When everything is on record, there are fewer chances of conflicts and more time for fun.

I (Archis) used to track our expenses on a google spreadsheet, courtesy my senior who designed an elaborate spreadsheet which worked perfectly fine.  Well, just that there was this occasional problem of bill duplication and the hours you have to spend going through the entries when its time to settle up. And then of course, more often than not we would procrastinate on entering the bills. Plus you could use the spreadsheet only for tracking the expenses I shared with my room mates. But there were other instances when I did split bills with other folks. There was this one instance when a bunch of us had a get together. The get together was fun, but after that we had to start an email thread that went for around 10 mails to figure out who is going to pay whom how much.

Shivul on other hand used a simple note book with his room mates to track expenses. Data entry was super easy. Anyone who paid a common bill or got groceries made an entry in the note book. However, consolidating all expenses was painful. They would spend an hour or so going through the entries, checking if there were any mistakes and then doing the maths.

That’s when it hit us maybe we should try building something that solves this. After all money management shouldn’t be this huge a task. Beezang is still in a very early stage. But our goal is to ultimately build a service that is super easy to use and doesn’t feel like a lot of work.

Stay tuned and thanks a lot for your support.

Cheers

Archis/Shivul

1. OpenId Login:  Now you can login to Beezang using your Google or Yahoo id. You need not sign up for using Beezang .  For the guys, who are feeling a bit uneasy now,  relax . We don’t have access to your password or login details.  Your login authentication takes place at the providers i.e. Google’s or Yahoo’s servers only. We have used a third party’s plugin called rpxnow which basically aggregates the authentication APIs of different providers to implement this feature.  For those who are curious to know more about OpenId which makes this feature possible, click on  http://openid.net/ or http://en.wikipedia.org/wiki/OpenId
2. Simplifying Group Bills: We have done some subtle changes in report group bill page. We have tried to make it easier to make entries of group bills where you split the amount unevenly. Let us take the scenario where Beezang users A, B and C want to split their lunch bill which came out to be 600 bucks. But hey, C didn’t have that Tandoori Chicken as she is a vegeterian, so her share of bill came out to 150 bucks only. Now all you gotta do is click on split unevenly, type in 150 bucks against C and voila, the rest of the amount is equally split between the rest of the members.  Ok, now the next improvement that we have done is you can actually type in mathematical expression in the amount fields of group bills . So you don’t have to do any maths while entering a group bill. C always pays 15% of the grocery bill, cool just type in 0.15* (total amount of the bill) and the amount is there across C.  While splitting a bill unevenly, you will find a small link saying auto-adjust besides the boxes that you edit. Well, just in case you edited the share of the wrong participant, you can click on auto-adjust and it will split the rest of the amount equally among all other members. We hope you enjoy, adding group bills now
3. Share Bills over E-Mail: Now you have control over whether you want to share a bill with friend over email or not. You will find a check box in the Report Group Bill and Report Debt page and its your choice what you would like to do.

There are few more features coming soon. We just wanted to let you know that we hear you . We know there are some basic features missing like deleting bills. We are working on it and delete bills functionality should be up within a week. Keep sharing your thoughts with us.

A big thanks to every one who have tried Beezang. We look forward hear more from you. More to come soon

Beezang is finally out! We went live with our public Alpha launch last night.  So what Beezang is exactly about ?

Beezang is a free service to help people manage and keep track of their shared expenses with friends, colleagues and room mates.  By shared expenses, we are talking about the instances when you need to split bills with others, say you went out for lunch with your colleagues and you paid the bill, you lent or borrowed money to someone or the apartment rent that you share with your room mates.  You can report all these expenses on Beezang in matter of seconds and start tracking.

We hope that you will find Beezang useful and fun to use. We are working hard to make our product better and would love to know about your experience with Beezang. You can reach us at contact AT beezang dot com .

Cheers

Team Beezang