Friends or partners spending weekends together hiking, at cottages or abroad easily end up with a large number of shared costs. Dealing with the receipts and costs afterwards is a hassle which often ends in conflict. Scred is a tool for recording shared expenses and debts with friends, spouses and acquaintances. Scred focuses specifically on communities with its concept of 'pools' -- large or small groups of friends who do things together . It also includes a Java-based version for mobile phones which can operate offline and synchronise with the main server.

Armed with many similar experiences in foreign lands Scred was created from day one as a tool which would handle multiple currencies, and their conversions, and which would also work on a mobile phone, wherever the traveller is and regardless of available connectivity.