GnuCash – Free Financial Manager Software
GnuCash is free accounting and personal financial management software. It is available for a variety of operating systems, including Microsoft Windows, Mac OS and various Linux and Unix systems.
The main features of GnuCash are:
- Standard double entry bookkeeping.
- A number of reporting options, including the ability to create balance sheet, profit and loss sheets and portfolio valuations.
- Small business functions including basic customer management features and invoicing and billing.
Although many accounting packages are available for Windows and Macintosh systems, GnuCash is one of the few packages available for Linux.
Although GnuCash is free, remember that free accounting software can sometimes be a false economy, especially if you’re running a small business. As your business grows you may need to employ a bookkeeper or auditor. These generally only know how to use the more widely known packages such as QuickBooks, Sage or Quicken. GnuCash is also aimed at a global user base, so it may not have some of the local features that are required to comply with local financial regulations.
Other features of GnuCash include:
- Support for multiple currencies.
- Stock and bond portfolio tracking capabilities.
- Import module for Intuit Quicken files.
- Available in a wide variety of different languages including English, French, German, Spanish and Japanese.
Alternatives to GnuCash
GnuCash is similar to Quicken, a popular commercially available personal finance application. Mac users like to use an application called KashFlow.
Increasing numbers of financial packages are also available as web applications. These run in a web browser, so they can potentially be used on any computer regardless of what the underlying operating system is based on.
GnuCash may be downloaded from the GnuCash.Org website.