Splitting Group Costs

This sheet helps track and manage shared expenses between a group of people, providing an overview of who paid for what, the amount each person contributed, and how much each person owes or is owed. It includes columns for the individual expenses, who paid, the amounts paid by each person, and a breakdown of the amounts owed by each person. It calculates the total amount each person has paid, the amount they owe or are owed, and the net amount that reflects whether they need to pay more or are due a refund.

List of Features:

1. Expense Tracking:

   • Displays the amounts paid by each participant for shared expenses.

2. Payment Allocation:

   • Tracks who paid each expense and the total amount paid by each person.

3. Calculation of Amount Owed:

   • Automatically calculates the amount owed by each person, ensuring fair distribution of expenses.

4. Total Participants:

   • Displays the total number of participants in the expense-sharing process.

5. Total Amount Paid:

   • Shows the total amount each person has already paid.

6. Amount Owed by Each Person:

   • Shows the amount each person should pay or receive to settle up.

7. Net Amount Owed:

   • Indicates whether a person owes money (positive value) or is owed money (negative value).

8. Equitable Distribution:

   • Ensures that expenses are fairly divided among all participants, allowing for easy calculations of reimbursements.