GnuCash is a personal finance management program. A product of the GnuCash Project, it is ideal for small business accounting and personal finance. The software is easy to use, but youâ€™ll get the maximum benefit with a bit of financial management knowledge. The interface is simple but useful; it will be familiar to anyone whoâ€™s done online banking. The left side displays stocks, checking accounts, deposits and other holdings that you might have. Select one of those entries and various details will be shown.
A wide array of actions and commands are accessible at the top of the screen. There are tools for creating reports, reconciling checking accounts, producing charts and graphs, scheduled transactions and more. There is a very helpful tutorial that explains the programâ€™s features. A financial terminology guide is included. There is also a wizard that guides you through the installation process.
It is possible to set up different types of accounts in GnuCash, whether it is for business or personal finance. Your choices include asset accounts, account receivables, stocks, mutual funds and more. Users can prepare accounts for credit cards, liability (long-term loans) and accounts payable.
GnuCash creates automatic backups every time you access and save a file. This is a very useful feature so you donâ€™t have to retype all the entries in case of a system crash. In fact you can determine how back ups are created. This is handy for those who are creating multiple versions of the same account.
GnuCash is designed for Windows, GNU/Linux, Mac OS X, Solaris and BSD. This is a program for those who want a better grip on their finances.
GnuCash Official Website
- Written by Mel
- Published on August 12, 2012