![]() ![]() In a series of posts this week, I will describe how I use GnuCash to manage my finances. If you're overwhelmed by the number of personal accounts you're trying to manage, or you're trying to keep your small business on track financially, GnuCash is freeware you should try. GnuCash is an open-source double-entry bookkeeping software. GnuCash is an ongoing project and this isn't the latest release, but the developers warn that the 2.3 series is not stable and is for testing only, so stick with this earlier version. Gnucash provides python bindings which allow you to write scripts for features that you need. The best Linux alternative is GnuCash, which is both free and Open. As OP mentions, gnucash stores its data as XML (there is also an option to use a proper DB, such as mysql or postgres). Quicken is one of the most established personal finance software on the. gnucash is a personal and small- business financial- accounting software, licensed under gnu/ gpl and available for linux, windows, mac os. And novice users will appreciate the wizard that walks you through the setup process. I have been using gnucash for tracking all my investments as well as daily expenses for the past 10+ years. ![]() Fortunately, GnuCash has an excellent tutorial that outlines not only the program, but also financial terminology as well. We found it a simple process to view spending reports, reconcile checking accounts, and other tasks.ĭespite the overall simplicity of using the program, the sheer number of terms and actions may require a dictionary for some people. At the top of the screen are various commands for actions, reports and tools. Selecting an entry displays further details in a larger pane. Various holdings (anything from checking accounts, to CDs, stocks and any other form of investment) are listed in a tree along the left side. You can also use its data to make cool graphs, like the one above. I would like to explain to you how to use it to keep track of your personal finances, and in turn make better decisions about your spending and saving. This freeware program's interface is bland but functional, and presents itself in a way that will be familiar to users who do their banking online. GnuCash is free, cross-platform, open source accounting software. Its designed to be easy to use, yet powerful and flexible. Although users with a solid grasp of financial management basics will get the most from this freeware program, GnuCash proved to be a capable tool for personal and small business accounting. GnuCash is a personal and small business finance application. ![]()
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