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.
Features
- Double-Entry Accounting
- Stock/Bond/Mutual Fund Accounts
- Small-Business Accounting
- Reports, Graphs
- QIF/OFX/HBCI Import, Transaction Matching
- Scheduled Transactions
- Financial Calculations
License
GNU General Public License version 2.0 (GPLv2), GNU General Public License version 3.0 (GPLv3)
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User Reviews
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Quicken QIF files imported fine from what I can tell, BUT instead of being accounts (Chequing, Savings, etc.) with categories of entries, like in quicken, each category shows as an account. Very cumbersome to use and I went through each setting to see if I could change something to no avail. If someone can show me how that is fixed, it would be perfect.
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Program is OK but getting help is a disaster. For example this doesnt work: //wiki.gnucash.org/wiki/FAQ#Q:_I.27m_having_trouble_with_GnuCash._Where_can_I_ask_for_help.3F And the mailing lists are soo old
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First point - this is zero-cost software. I have used accounting packages from MYOB, QuickBooks, Quicken, as well as some enterprise solutions. Each has its own origin and speciality. I have now used Gnucash for 14 years in a single jurisdiction, and now in multi-jurisdictions (currencies, timezones). For a single user scenario for personal accounting this is excellent for the following reasons: 1. Set up - the templates for general ledgers are comprehensive. 2. The documentation and forums are comprehensive and current, which is testament to the popularity of this open-source solution, and the fact that open-source communities generally are more collaborative, and often well moderated. 3. Data entry (day to day book keeping) is very user friendly compared to any of the packages I have used (see above) 4. Reporting is flexible and fast 5. Asset portfolio functions are extremely useful. 6. Scheduled transactions, and accounts payable functions (billing) are excellent (for personal finance management) 7. Foreign currency conversion functions are so handy as are stock price tracking if you use these commodities. (Track your share portfolio, or topping up your global visa card currencies for example) Bugs are minimal. I use this across devices: Windows, Linux, and Mac. I keep my master book file in a cloud service that syncs with my file manager. For me DropBox works best, but Google Drive, or OneDrive would work equally well. I've even used the mobile port (where you can capture spending on the go, but not view your accounts). Gnucash is not for mobile users. I have not used integration with online banking for reconciliation. I have used online integration with share prices, and currency conversions - very good - read the documentation to set up properly. I have used invoicing/billing for my own projects - kids tutor services, Council bills, lease payments, etc, etc. Very handy for budgeting. I've not yet figured out how to make the budget feature work for me. I just need to put the time into it. Did I mention this is zero cost? 6/5 stars.
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Since upgrading to v5.5 - get the message "The procedure entry point xmllOFTPClose could not be located in the dynamic link library C:\Program Files\(x86)\gnucash\bin\libxmlsec1.dll" Initially I installed the upgrade over the previous version when the message started to occur. I uninstalled the program completely and reinstalled and still get the same issue. Why? Because even though you uninstall the program in Windows, the DLL files are still there, so by uninstalling the program and then going to C:\Program Files (x86) and removing the Gnucash folder (thus removing all the residual files) and then reinstalling Gnucash - it opened up with no errors or messages. The upgrade process should be updated to refresh the DLL files and mitigate potential errors/issues.
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Been using gnucash for a couple of years now - great tool and thanks for all you hard work guys.