GnuCash and Other Open Source Personal Finance Managers

If you are looking for alternatives to costly accounting software or personal finance managers you may want to check out open source software packages like GnuCash, KMyMoney, 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 stock, bond, and mutual fund accounts. Based on professional accounting principles, it supports multiple accounts, multiple currencies, double entry, QIF file import and many other features. It also manages customers, vendors, jobs, and does invoices. A mortgage and loan repayment druid has been added for setting up recurring scheduled payments. GnuCash is now also available for MS Windows.

KMyMoney is a KDE based personal finance manager, designed to be easy to use, even for non-technical users. It provides similar functionality as MS-Money and Quicken, including various account types, expenses, QIF import/export, multiple currencies, initial on-line banking support, and double entry accouting. Like GnuCash, KMyMoney is free and released under the GNU Public License.

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 GPL license as well.