Open Source Accounting Software

If you are looking for alternatives to costly accounting software you may want to take a look at open source software packages like GnuCash and Grisbi. GnuCash, one of the better known open source accounting packages, is designed to manage your personal or business finances by tracking bank accounts, income, expenses, and stocks. Based on professional accounting principles, it supports multiple accounts, multiple currencies, double entry, QIF file import and many other features. A mortgage and loan repayment druid has been added for setting up recurring scheduled payments. Grisbi is another accounting application that can manage multiple accounts and currencies. It runs not only on Linux, but also on MS Windows and is released under the GLP license.