You may never have to fight with your housemates over money ever again.
Tech entrepreneurs John Bush and Rob Fowler have created an online solution to help solve the notorious battles flatmates have over rent and household bills.
They've devised an new app that sorts out rent collections and split bills.
Mr Bush, a chartered accountant, came up with the idea three years ago after his own struggles with a housemate who was perennially late with his share of the rent.
"Here was someone who gave a reading at my wedding, but just could not get it together with the rent and I'd have to constantly chase him," he told AAP.
Frustrated and drained from dealing with the repeat offender, the Sydney-based entrepreneur thought that there had to an easier way to deal with the problem.
"Everyone's got a horror rental story but this is a true solution to those problems," he said.
"We're in the tech age you know and I thought that it was about time we evolved out of just sending an email or text saying you owe for `x' for this bill."
Together with his co-founder Rob Fowler, who has built tech frameworks for stock exchanges around the world, the pair designed Easyshare, a web-based, fully mobile system that automatically collects bills and rent payments from housemates and forwards them to the landlord.
All that's required at set-up are each housemate's payment sources, either debit or credit cards, and a one-time input of an agreed ratio setting out what each housemate owes.
When a shared bill comes in the post, a quick upload to the household's Easyshare account keeps everyone up to date with the details of the bill and what they owe.
The platform also offers messaging services to landlords, while the payment transactions flow through one of the country's biggest banks, NAB.
Mr Bush is hoping that Easyshare becomes a key household utility tool for the estimated four million renters in Australia.
While he predicts the service to be particularly popular among students and people in their 20s, Easyshare also has two additional platforms for commercial and sole-residential leases.
A beta version of the product has already been in use by around 50 households in metropolitan areas with great success according to Mr Bush.
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