Understanding Expense Tracking

CoParentCompass helps you track, share, and reconcile child-related costs with a clear record of who paid what and what's owed.

The Settlement Model

Instead of sending multiple small payments back and forth, CoParentCompass calculates everything over a settlement period:

1. Both parents log expenses as they occur
2. At the end of the period, the system calculates the net amount
3. One parent owes the other a single payment

This eliminates the confusion of multiple small reimbursements and creates clear documentation.

Expense Status Flow

1. Draft — You're still entering details (editable)
2. Submitted — Sent to co-parent for review (locked)
3. Pending Approval — Awaiting co-parent response
4. Approved — Co-parent agreed
5. Declined — Co-parent disagreed (see disputes)
6. Auto-Approved — Matched a pre-approval within tolerance