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glossary

Conceptverified 2026-11-06

Glossary

Aakalan's own words, each linked to the page that defines it in full.

Word Means here Not to be confused with From
ledger The one record of personal and shared spending, kept on the phone first. a group local-first-ledger
split How one expense is shared; it must add up to the total. a settlement splits-must-reconcile
settle Clearing a debt; it takes effect at once. a payment app's transfer settling-is-immediate
UPI India's instant payment system, used to settle. It cannot pay a phone number from here. a card payment upi-cannot-pay-a-number
recurring An expense that repeats, kept as a rule. A Pro feature. a copy of an expense recurring-is-a-rule
receipt One photo attached to an expense. A Pro feature. the expense receipt-is-one-photo
Pro The monthly or yearly plan; it never gates the core. the free core pricing
minor units Money stored as whole paise, never a float. rupees money-in-minor-units