Sponsored Links
GnuCash

Free personal accounting software

pros
  • Free
  • Handles many account types, including investments
  • Runs on Windows, Mac and Linux
  • Supports multiple currencies and languages
cons
  • Interface not as user-friendly as some
  • Customized reports hard to set up

February 2009. GnuCash is free open-source software that, reviewers say, can handle complex accounting tasks, including those required to run a small business. Users can set up a variety of account types in GnuCash, including cash, banks and other financial institutions, credit cards, mutual funds, stocks and accounts payable and receivable. Reviewers say the online help features and user-written tutorials are useful. Another useful feature is that GnuCash automatically makes a backup copy of your data every time you save your data file, and you can specify how far back it should save your backup files. Reviewers say some features could be improved; for example, the user interface could be more intuitive and attractive, and setting up customized reports can be complicated for those who don't know their way around sophisticated applications. Those who want to stick to familiar territory may be happier with Quicken 2009 or Money Plus, according to reviewers.

We didn't find any comparative reviews of GnuCash, but we did find several good single-product reviews. Linux Magazine and About.com review this free software in detail, and PC World gives it a short write-up in an article about open-source applications.

Our Sources

1. Linux Magazine

This review outlines GnuCash's features and walks the reader through some of the application's basic setup tasks. The editors say that GnuCash's help features are among the best around, and that GnuCash is "a rich application" that can handle personal and small business financial tasks with ease.

Review: If You Knew Cash Like GnuCash Knows Cash, Editors of Linux Magazine, Sept. 3, 2008

2. About.com

Elmblad feels that GnuCash's offerings, along with the tutorials and other customer support, make it "definitely worth a try." In addition, she concludes, "Many small businesses will find GnuCash is perfect for their needs." (Note: ConsumerSearch is owned by About.com, but the two don't share an editorial affiliation.)

Review: GnuCash Free Personal Finance and Small Business Accounting Software, Shelley Elmblad

3. PC World

This review provides short descriptions of several open-source applications, including GnuCash. McAllister writes that although GnuCash is not as user-friendly as more commercial financial software, it is "serious financial software" suitable for those with complex accounting needs.

Review: Open Your Business to Open-Source Apps, Neil McAllister, Jan. 30, 2008

Accounting Software Runners Up:

Moneydance *Est. $40

2 picks including: About.com…

Sponsored Links

Back to top