Isn’t the expression “it’s a wash”?

Not quite the same. It’ll come out in the wash acknowledges a current out-of-balance but states trust that things will eventually even out. It’s a wash implies that things have already evened up.

Usage example:

Duckles: Thanks for paying for those concert tickets, DoubleJ. How much do I owe you?

Me: Don’t worry about it, it’ll work itself out in the wash.

At a later date:

DoubleJ: It was great to have dinner with you, Duckles. What’s my share of the tab?

Duckles: Don’t worry about it, dinner is on me since you picked up those concert tickets awhile ago. We’ll call it a wash.

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