GnuCash is a personal and small-business finance manager with a check-book like register GUI to enter and track bank accounts, stocks, income and expenses. GnuCash is designed to be simple and easy to use but still based on formal accounting principles.
- Double-Entry Accounting
- Stock/Bond/Mutual Fund Accounts
- Small-Business Accounting
- Reports, Graphs
- QIF/OFX/HBCI Import, Transaction Matching
- Scheduled Transactions
- Financial Calculations
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Version 3 with the ellipsis tabs is very annoying/and poorly implemented. Other graphical elements seem to be improved.
My data is finally fully available to me. Wish I had switched to GnuCash earlier.
I have been using GnuCash for more than five years. Through the forums, support is excellent and searches of the web generally provide me with what I need to resolve issues. My difficulties with the package are caused through not having a formal accounting background rather than GNUCash shortcomings. When I do (finally) get a strategy for resolving an issue, GNUCash does it elegantly and efficiently. The latest for me was after I entered payment of invoices through reconciling with my bank statement instead of through the Business section. The result was a balanced reconciliation with invoices showing as unpaid. It took me a while to get the terminology right in my searches but GNUCash gave me an easy path once I knew what to do. For the uninitiated, there is a steep learning curve but this is around the subject matter, not the package. It is a powerful app which has many fail safes. Reading of the difficulties others have had, most seemed linked to misunderstanding what is being attempted. GNUCash is best learnt through the many tutorials and a clear understanding about what the user wants to do. It is intuitive but it deals with a subject that is not - tracking what is happening with finances.
Gnucash has to be one of the best accounting packages available, certainly in the open source and free software categories. It may not be customized to a particular country's tax system, legal and business framework as many commercial packages are but it does have the flexibility to be used world wide, supports Generally Accepted Accounting Practice and can be readily customized for individual requirements.
I have used money management software for years. I have used Microsoft Money & Quicken. I switched to Gnucash about five years ago, because I wanted more control over where the data is stored and who has access to account information. Gnucash provides that over the other software I have used. It does take a bit getting used to the way Gnucash manages accounts and imports data. But, if you take the time to read the manual, and test your own data, you will actually come to appreciate the care and detail provided by this package.