Within a matter of minutes you will be able to enter your personal
finance information and generate color graphs that represent your
financial status. If you can use the register in the back of your
checkbook - you can use
GnuCash! Type directly into the register, tab
between fields, and use quick-fill to automatically complete
transactions. The interface is customizable from within the application
Easy to Use Menus:
GnuCash menus conform
to the GNOME Human Interface Guidelines. This means that they are
simple and similar in appearance to many other GNOME
GnuCash has built-in Help
and extensive User’s Guide documentation.
GnuCash supports many
ways to input transactions besides manual entry. If you can access
your bank accounts on-line, this is especially useful, as most banks
and credit card companies support one of the following import
methods. You will spend less time entering data and more time
Quicken Import File (QIF): Import Quicken QIF style files, a popular file format with many commercial personal finance software packages.
Open Financial Exchange (OFX):
GnuCash is the first free software application to support the
Open Financial Exchange protocol. Many financial institutions
are moving towards this format.
Home Banking Computer Interface
GnuCash is the first free software
application to support the German Home Banking Computer
Interface protocol. This protocol includes statement download,
initiates bank transfers, and makes direct debits
GnuCash comes with over 30
prebuilt reports, including Account Summary, Income, Expenses,
Transaction Report, Balance Sheet, Profit&Loss, Portfolio
Valuation, and many others. Reports support graphical views of the
data, including pie charts, bar charts, and scatter plots. The
reports can be exported to HTML files, and are easily
GnuCash now has
the ability to automatically create and enter transactions, or
remind you when these transactions are due, giving you the choice of
entering, postponing or removing the automated transaction.
Mortgage and Loan Repayment Assistant: Used to set up a variable payment loan scheduled transaction.
Easy Account Reconciliation: Integrated
reconciliation makes reconciling your
GnuCash accounts with
statements simple and effective.
supported on a variety of platforms and operating systems. The list
of fully supported operating systems (and platforms) for
2.4.11 is: GNU/Linux (x86, Sparc, PPC), FreeBSD (x86), OpenBSD
(x86), Solaris (Sparc), and MacOS X (PPC). Previous versions of
GnuCash have been known to work with, SGI IRIX (MIPS), IBM AIX 4.1.5
(RS/6000), Unixware 7 (Intel), and SCO OpenServer 5.0.4 (Intel), but
their current status is unknown.
GnuCash has a number of investment features. From simple
certificates of deposit to publicly traded stocks,
GnuCash will track
all your investments.
Stock/Mutual Fund Portfolios: Track stocks individually (one per account) or in a portfolio of accounts (a group of accounts that can be displayed together).
On-line Stock and Mutual Fund Quotes:
GnuCash, you no longer need look up your stock values one at a
time. The process can be automated, to always present you with the
latest value of your stocks.
GnuCash is truly an application that works with and understands
users from all around the world. There are many built-in features to
facilitate interaction with the international world we live in
GnuCash has been fully
translated into 12 languages: Chinese, Czech, Dutch, English,
French, German, Italian, Portuguese, Russian, Slovak, Spanish and
Swedish. More than 13 other languages are partially
Multiple Currencies and Currency Trading: Multiple currencies are supported and can be bought and sold (traded). Currency movements between accounts are fully balanced when double-entry is enabled.
International Date Handling:
understands that different countries display the date differently.
You are able to work with the date format you are accustomed
On-line exchange rates:
GnuCash, you no longer need look up your exchange rates one at a
time. The process can be automated, to always present you with the
account values converted to your preferred currency using the latest
GnuCash has many features to support the needs of the business
an integrated Accounts Receivable and Accounts Payable system. You
can track Customers, Vendors, Invoicing and Bill Payment, and use
different Tax and Billing Terms in a small business.
GnuCash can track
depreciation of capital assets.
GnuCash offers a wide variety of
ready-to-use business reports.
For those knowledgeable in accounting, here is a list of
Double Entry: Every transaction must debit one account and credit others by an equal amount. This ensures the “books balance” - that the difference between income and expense exactly equals the sum of all bank, cash, stock and other assets.
Split Transactions: A single transaction can be split into several pieces to record taxes, fees, and other compound entries.
Chart of Accounts: A master account can have a hierarchy of detail accounts underneath it. This allows similar account types such as Cash, Bank, or Stock to be grouped into a master account such as “Assets”.
General Ledger: One register window can display multiple accounts at the same time. This eases the trouble of tracking down typing/entry errors. It also provides a convenient way of viewing a portfolio of many stocks, by showing all transactions in that portfolio.
Income/Expense Account Types (Categories): These categorize your cash flow and, when used properly with the double-entry feature, will provide an accurate Profit&Loss statement.
GnuCash is available on
GnuCash file format is
incompatible with versions earlier than 2.1.2. Specifically,
scheduled transactions are stored differently. Using version
2.4, you can upgrade your older
GnuCash file to the new format.
Improved report handling.
Fixed lots of crashes.
Improved multi-currency support.
Enhanced QIF import.
See http://wiki.gnucash.org/wiki/Release_Schedule#Release_Schedule_for_2.2.x for detailed lists of improvements made in this series.
Gnome 2.0 (Gtk2)
GnuCash is now using the latest tool-kits from gtk, and
follows the normal Gnome2 HIG standards.
GnuCash now stores and reads each country’s special
character sets by using UTF-8.
GnuCash now comes with a budget feature that can help you
keep your expenses under control.
Import of MT940 files
Data files with transactions in MT940 format (as can be
downloaded from some banks) can now be imported into
GnuCash is now more stable and secure than ever before due
to the long testing phase before we reached 2.0, as well as using
more stable and mature libraries (gtk2 for instance). Numerous
corrections has been made in every part of
GnuCash, and too many
for us to highlight any special area.