Group Expense Tracking, Analysis, and Settlement using a Web-based Application

Managing shared expenses is a dull undertaking that frequently results in errors, misunderstandings, and miscommunications in contemporary social and professional contexts. Traditional approaches to informal settlements and manual expense monitoring are opaque and prone to human error. This paper presents a Group Expense Tracking System that automates and simplifies the process of real-time expense recording, dividing, and settlement in order to allay these worries. Users of the platform can add participants, make their own groups, and assign expenses to each member. A dynamic dashboard that delivers insights into users' balances and previous settlements allows users to interact with the system, which is built with a scalable, microservices-based architecture and enables high availability, fault tolerance, and safe data handling. The Group Expense Tracking System offers a dependable and easy-to-use way to manage group expenses by fusing sophisticated debt management, real-time communication, and strong security measures.