Introduction: GnuCash is a popular free open source accounting software that can be used to manage personal finances and business transactions.
Considering the complexity of managing personal finances and business transactions, you will find many online services or software tools designed to simplify things. Some tools simply allow you to increase your expenses and income to track your savings, while other tools provide different functions.
In the past, I have introduced several open source account software. Here, I will focus on one of the options- GnuCash, This is a popular free accounting software that provides many functions for each user.
GnuCash: free and open source accounting software
GnuCash is a free software that can be tailored to professional needs to track transactions, stocks, etc. It is also available for Linux, BSD, macOS and Windows.
Although it may be overwhelming at first, it is also very easy to use to manage personal transactions. After you start to manage your account and add transactions to it, you can get a detailed report for analysis.
Features of GnuCash
As I mentioned before, GnuCash comes with many features that may be overwhelming for novice accountants, but I think it should be worth it:
- Double-entry accounting
- Stocks/bonds/mutual fund accounts
- Small business accounting with tax support (for example, goods and services tax in India)
- detail report
- Easy to analyze charts
- Financial calculation support
- Auto save function
- Color coding
- Online Banking Guide
- Loan repayment calculator
- Price database for fast calculation
- Budget balance sheets, processes, diagrams for each category
- Ability to export to CSV
- Add customer, supplier and employee records separately
- Scheduled transaction
- Ability to budget
- Configure the bill generator to simplify the accounting process
I am not an expert, but this is just the tip of the iceberg. You will find many options that can be customized and set according to your accounting needs.
Install GnuCash on Linux
You can find GnuCash in the software center of the Linux distribution. Install it from there, or use the distribution’s package manager.
A kind Flatpak packaging It is also available for users who want the latest version. If you don’t know, I suggest you read our Flatpak guide.
Or you can build it from the source code, or you can directly ask them Official download page Explore options for Linux distributions.
For basic personal financial management, this is a bit at a loss for me, because I prefer to use Android apps to simplify operations. However, if you watch it for a few minutes, it is easy to understand, and GnuCash seems to meet most requirements.
If you want to manage the financial situation of yourself or your company, you can give it a try. Definitely better than keeping the data in a spreadsheet 🙂