Nexxo
Split expenses: freelance collectives
A practical guide to splitting software, cloud services and external suppliers with a clear reference currency.
What you share
Software, cloud services and external suppliers.
Where things get complicated
Everyone pays using different methods and currencies.
A clearer way to split
Agree a fixed allocation rule based on usage or membership.
- Create a Nexxo and invite the people sharing these expenses.
- Record who paid, the amount, currency and participants for each expense.
- Choose equal shares, percentages or exact amounts according to your agreement.
- Review the exchange rate, check net balances and record reimbursements when paid.
Keep the value clear
Agree the reference currency, exchange rate and settlement date before balances build up. Currency conversion tells you what an amount is worth at a particular moment; indexing preserves the reference value between recording and repayment.
