Powerful open source accounting software


In Brief: GnuCash is a popular free and open-source accounting software that can be used to manage personal finances as well as business transactions.

Given the complexity of managing personal finances and business transactions, you will find many online services or software tools aimed at making things easier. Some tools simply allow you to add expenses and income to track your savings while others offer different functionality.

I’ve covered several open source account software in the past. Here I will focus on one of the options – GnuCashwhich is a popular free accounting software with many features for every user.

GnuCash: free and open source accounting software

GnuCash is a free accounting software suitable for business needs to track transactions, inventory, etc. It is also available for Linux, BSD, macOS and Windows.

Although it can be overwhelming at first, it is also easy to use for handling personal transactions. You can get a detailed report to analyze after you start managing an account and add transactions to it.

Features of GnuCash

Screenshot

As I mentioned earlier, GnuCash comes with a bunch of features that might be overwhelming for someone new to accounting, but I think it should be worth it:

  • Double-entry accounting
  • Stock/Bond/Mutual Fund Accounts
  • Small business accounting with tax support (like GST in India)
  • Detailed fault report
  • Chart for easy analysis
  • Help with financial calculations
  • Auto save function
  • Color code
  • Online Banking Wizard
  • Newspaper
  • loan repayment calculator
  • Price database for quick calculation
  • Budget report, flow, graph for each category
  • Ability to export in CSV format
  • Add Customer, Supplier, and Employee records separately
  • Planned operations
  • Ability to set a budget
  • Configuration of the invoice generator to facilitate the accounting process

I’m no expert but that’s just the tip of the iceberg. You will find a multitude of options to customize and set for your accounting needs.

Gnucash report
Gnucash report

Install GnuCash on Linux

You can find GnuCash in your Linux distribution’s software center. Install it from there or use your distro’s package manager.

A Flatpak package is also available for those who want the latest version. In case you don’t know, I suggest you check out our Flatpak guide.

Alternatively, you can build it from source or you can head over to their official download page to explore the options for your Linux distribution.

Wrap

For basic personal finance management, it was a bit overwhelming for me as I prefer using an Android app for simplicity. However, if you look around for a few minutes, it’s easy to understand and GnuCash seems flexible for most requirements.

If you like managing your finances or those of your business, you can give it a try. It’s definitely better than keeping the data in a spreadsheet 🙂

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