Review: GnuCash 2.0
GnuCash is a personal and small business accounting package that provides true double-entry accounting, the ability to set up automatic recurring transactions, and simple budgeting. The application does not try to hide the complexities of managing your money from you with pretty screens. It does show you where (and how much) you're spending your money. If you're prepared to learn a subtly different way of doing things, you will find GnuCash a very powerful alternative for home or small business use.
GnuCash supports a number of different languages (29, according to the release notes), and has multi-currency support as part of its fundamental design principles. It has QIF file import, and if the appropriate external packages are installed, it supports HBCI electronic banking (predominantly German, I believe), OFX/QFX and MT940 file import, and support for OFX DirectConnect. It has some basic business support, including the ability to create, monitor, and pay invoices and record suppliers and customers. It features a comprehensive range of reports, with extensive options for most reports to tailor exactly what is reported on. In my experience, it is a stable and reliable program, and the developers go to some length to ensure it stays that way.
The interface is structured around a chart of accounts, and each account opens into an individual view, called a register. The register is simultaneously an up-to-date view of the account and data entry point. In true double-entry accounting style, every transaction must have two (or more) entries that completely balance each other out. This might sound a little complicated, but it is a powerful way of viewing what is going on with your money, and from my understanding is not too dissimilar to the way "real" accountants manage money.
GnuCash is open source, and it looks different from the commercial (Windows) accounting software I've previously dealt with.
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