GnuCash

A complete solution, a banking UX

Aspetti positivi:

The strength of GnuCash is the multitude of its functionalities to manage all types of account and all kinds of operations. Nothing is impossible (or almost).

Aspetti negativi:

The UI to create graphs is the main weakness of GnuCash, the time spent reporting is a deal breaker.

Great accounting software for individuals and freelancers

Commenti: Overall, I have nothing but high praise for it. Especially as a small business owner and freelancer. Older versions of the software used to crash when running specialized reports (eg pie charts of expenses) used to sometimes crash, however I have not experienced any such behavior as of the the latest versions of 3.0 and up (currently 3.6 as of this review.)

Aspetti positivi:

It was very easy to setup all of my accounts, and track my expenses and income across them. This includes bank accounts, and stock portfolios. And the ability to run reports that turn my accounts in to pie and bar charts is very helpful as well.

Aspetti negativi:

While I found 99% of the software to be easy to use, and despite having used the software for several years now, I still find it difficult to do split-transactions. Instead I find it easier to just make 2 separate transactions manually, noting that they're part of 1 transaction. They really could improve this feature to make it more failproof and intuitive.

GnuCash is OK... until you need to hire a bookkeeper

Commenti: I liked using GnuCash when my organization was small and I did all of the bookkeeping myslef. Once my company grew to the point where I had to outsource my bookkeeping, I switched to QuickBooks because most bookkeepers I found were unfamiliar with GnuCash.

Aspetti positivi:

GnuCash is free and open source. If configured to do so, it uses a central MySQL database, which makes it work like enterprise software, where various people in the organization perform bookkeeping tasks. That's huge. It's also self-hosted which means you keep your own database files locally. GnuCash is cross-platform which means it runs on Windows, Mac, and Linux.

Aspetti negativi:

The database isn't very well normalized. That means that if you want to integrate the data into other systems, it's more cumbersome than it should be. There is no good web front end; the only front end with a complete feature set is a desktop application. That makes sharing the data a bit more cumbersome than it would be otherwise. The worst thing is that it's hard to find bookkeepers, at least in the US, that are familiar with it. That makes it hard to outsource your bookkeeping.

Open source worth a look

Commenti: Eventually I migrated away from gnucash to a popular accounting package, for the sole purpose of making my CPA happy. However, after doing bookkeeping for almost 10 years, I am confident that I could make gnucash work in my operation just as well as any paid for program.

Aspetti positivi:

Clearly the price and value are the initial reasons to take a look at gnuCash. However, once you get used to it, and if you are familiar with bookkeeping, it can prove to be just as good as any accounting software for small medium businesses that exist.

Aspetti negativi:

Initially, and this may be because I was new to the world of bookkeeping, it was hard to get some answers on how do use the software. My CPA and other accounting resources were not familiar with the program at all, so I was left to searching on the Internet

It's a free, professional, accounting software, kind of usable for personal finance

Aspetti positivi:

I use it to keep my personal finance. It's also a professional tool so it has many features that I will probably never use, but they don't get much in the way. Double entry is a powerful tool when you get the grasps of it, making it possible to bind together transactions between more than two accounts. It can also track stock prices and it's possible to update them with some setup. Charts and reports are available and very flexible. It's free and open source, so you can trust it with your numbers. There are mobile apps that help you not bringing around dozens of receipts to remember where you've spent your money.

Aspetti negativi:

If you're not a professional accountant, you'll need some time to get used to "double entry", and I still get confused sometimes. The setup of stock prices update is definitely not easy (esp. on Linux). Charts and reports require quite some work to get the most out of them, the presets are not that insightful. The Android app I use (GnuCash for Android) is nice but the export/import procedure is annoying: in some cases, you even have to tell GnuCash which date format you're using, and you probably have no idea without checking in the XML file!

Best open-source accounting solution for home and small business

Commenti: It has been a rock solid tool for managing transactions and monitoring fiscal health in the short and long term. I've tried a few different data store backend options (including mysql, postgresql, and XML file) - I landed long term on the XML file storage because it has had the least issues.

Aspetti positivi:

I was appealed by the low barrier to entry, including free download and installation, as well as strong documentation for an administrator that prefers to configure my own software.

Aspetti negativi:

Still haven't solved the multi-user limitation. We generally work from two different computers with a network file share, and often one user will forget to close the application, keeping the file lock in place. The UI still feels a bit dated, even with recent updates since version 3.0. I am okay with this because double-entry accounting is a well-established process and less change is ultimately better. But the menu structure layout is like the late 90s early 00s desktop application era and, in my opinion, can and should be improved upon.

GnuCash accounting software

Commenti: I have a monthly clear income/expense balance, so I know what expenses should be avoided or are needed.

Aspetti positivi:

A very good software for personal accounting, and for business accounting too. I am using it for my personal income/expense balance.

Aspetti negativi:

I had troubles to use it on Mac OS X. I almost lost all my accounting details. Lucky me that I use an automatic backup solution.

Works great, wish it had multi-user

Commenti: I have been using it for years for my personal needs. I would recommend it to more customers / clients if it could be used on multiple systems. As it stands though, I have recommended it to numerous people that just have one person in accounting / sales / etc.

Aspetti positivi:

It is free, just a click to download and install on Windows. A quick install from the application manager in Linux/Debian/Ubuntu.

Aspetti negativi:

It does not support multi-users. Meaning if you have the file open on one system, you can not open that company on another. So if you want two people to be able to invoice at the same time, they can't.

Robust free accounting software but support not that fast

Commenti: For my business needs, I believe GNUCash is the answer though support when faced with a problem not always that fast.

Aspetti positivi:

For those who are searching for a free accounting software for their individual or small business needs, GNUCash is perhaps the best given the robust features incorporated and a large community base. Being open source, the possibilities are endless for developers who can always add new codes to suit the needs.

Aspetti negativi:

Unfortunately, the support is not fast if one faces a hurdle. As a user, if you want to post a query on their forum, you need to subscribe. In my case, I could not understand this condition and so my query was reverted back. GNUCash perhaps should address this point. I then posted my thread to another popular forum (StackExchange: Personal Finances & Money) and received first reply only after one month!

Best free open source accounting software for personal finance

Commenti: No need to pay for subscriptions. No fee and completely free.

Aspetti positivi:

This is perhaps the best free open source accounting software for personal finance which is also used for business accounting by SMEs. As there is a large community of users, one can stay assured of the latest updates as well as forum support.

Aspetti negativi:

This is not cloud-based. One needs to download the software. There is a learning curve. One needs to follow documentation which fortunately is well compiled.

Excellent, totally free, and perfect for small business

Aspetti positivi:

1) Works perfectly adequate for my business 2) It’s open source, so one is not locked in to paying a monthly fee. 3) It runs on multiple platforms

Aspetti negativi:

I have found it perfect, but I do see a problem that might make it unusable in some businesses. Only one person can enter transactions at any one time. So if you have 10 sales people all taking orders, they could not all be entering transactions at the same time.

GNUCash Review

Commenti: GNUCash is an open source free package that works much like the for-profit Quicken program without the spyware (content guard) bundled in by Intuit. On the most basic level you simply fill in your checkbook register. If you want to learn a small amount, you can also download your bank statements in various formats, including Quicken format, and click File Import to auto-magically insert them into your checkbook register. I use GNUCash on my desktop, over my LAN to a server, and over Internet via my SSH connection. Those who delve deeper will find this is actually a double entry (professional) accounting system with any number of ledgers you desire to create. You can split transactions just as you would in a paper based accounting system to show all the elements for the cash flow on every transaction, or use any of the (perhaps 50) built in reports to generate a balance sheet, income statement, and other common accounting reports. In this sense it leaves Quicken in the dust and is far easier to use than QuickBooks. Also, GNUCash will leave your payroll percentages alone while Intuit has programmed QuickBooks to delete all your payroll percentages every time you use it after February each year unless you buy the free IRS Circular E from Intuit each year. The Intuit rep explained to me that I had no choice and was forced to buy this free data from them "because business owners are too stupid to enter the (6) percentages themselves". Yes, she actually said that. GNUCash is not a "pretty" program but it is extremely functional and free. The downside is some non-intuitive behaviour when splitting an already entered transaction (which you will eventually figure out), and the rather obtuse way in which you enter budgeting data - the budgeting report however is very straightforward and allows you to change dates and which accounts are included very easily. It also provides a paper trail after every session as a separate (timestamped) file for review or recovery purposes. If you want more privacy and less cost in your company (or personal) accounting software this is a great choice. If you want for-pay customer support instead of using a FAQ or video tutorials to get answers, don't care if a glitch could lock you out of your own data when ContentGuard decides you're suddenly "not authorized", think business owners are stupid, and prefer to buy every feature for hundreds of dollars each, then by all means buy one of Intuit's packages.

Aspetti positivi:

Simple, resembles check register and most people can use it effectively immediately. It is free and malware free. More interested users can scale up their use to include complicated accounting steps (year end closing, splits across accounts, etc) as much as they wish.

Aspetti negativi:

Some features, such as initiating a split, or finding the budgeting functionality, can be non-intuitive.

Free, and free, accounting software

Commenti: My small business has run on GnuCash since the late '90s. Never had a problem with it, through numerous upgrades and system replacements. And no calling the vendor for permission to run it on a new computer!

Aspetti positivi:

GnuCash is Free software, as in, you are free to use it, study the code, modify it to suit your own needs, and share it with others. It is also free, as in, zero cost. I use it because it is not Quickbooks, nor Intuit. However, it does have its own merits: auto-complete register entries, bank import with auto-matching, customizable reports, light on system resources. It also saves to compressed or plain-text files. The plain-text files are searchable outside of the program. I can search 20 years of financial records in two seconds.

Aspetti negativi:

User preferences are saved with the company file. So every time you start a new file, you have to set your preferences again.

Solid accounting software... for free!

Commenti: Like the fact that it's free and that it gets the job done - ideal for small businesses or contractors who want something simple and free. Doesn't have a lot of bells and whistles but it's a great way to track business expenses and income.

Aspetti positivi:

Love that it's free and that it works all the time, with no fuss and no muss. It might take a bit to get up to speed on how to use it, but individuals familiar with other accounting programs shouldn't have any trouble. It even has a mobile piece (Android) where I can track trip expenses.

Aspetti negativi:

There is a steep learning curve at the beginning - particularly for those who may not be familiar with double-entry accounting. The mobile piece needs to have a better way of integrating with the main data file. There is also no way to have multiple users accessing the main data file.

Free software for creating invoices and tracking payments

Commenti: I implemented GnuCash when my department did not have a digital invoicing system in place for internal invoicing. We invoice between departments, and we were doing it on a spreadsheet, which was not optimal as sometimes mistakes were made. I implemented GnuCash myself, and I was able to do this as it was free of cost to download and use. We now have an internal billing system that tracks accounts payable and accounts receivable, and it is much more accurate and efficient.

Aspetti positivi:

I like that GnuCash is free, open source software, so there is no cost to use it, so I was able to implement it without putting forward a budget, and this was able to let me implement it quickly.

Aspetti negativi:

It isn't as polished as paid-for software, but it is also more flexible, so I think the negatives and positives on this issue balance out.

Best free accounting software

Commenti: Once I got the hang of the application, I enjoyed the ease and accuracy of keeping track of my expenses and accounts. It is very stable and does more than I'll ever need!

Aspetti positivi:

This application is feature rich for a software product that is opensource and free. It is great for personal and small businesses.

Aspetti negativi:

A little challenging to setup if you don't understand the basics of bookkeeping and accounting. It took a bit to get used to the interface and understand how the application worked.

Great open source accounting software

Aspetti positivi:

I can setup the accounting structure however I like. It uses double entry bookkeeping to keep track of income and expenses. Does a good job tracking investments and can calculate capital gains based on lots bought/sold for better accuracy. Lots of reporting features.

Aspetti negativi:

Getting used to the double entry system took some time. It used to be able to get online quotes for stocks, but that feature no longer works well. Not their fault since Yahoo broke it, but there isn't a reliable fix yet.

I have been using GnuCash for personal accounting and for two small businesses for over three years.

Commenti: No cost for product or use of product. Saves time. Very productive. Ease of use.

Aspetti positivi:

The ease of use, the double entry accounting, and the different functions, reports, and tools are excellent. The tools for different currency accounts are excellent for our international business.

Aspetti negativi:

There is a learning curve. Small things, such as learning how to print a register, can be a bit tedious in learning and doing the first time. While there is a user's manual and searching for assistance online is available, finding the answer to a question or learning how to do something often takes much trial and error and just simple experimenting with clicks key punches.

Fine if you like bookeeping

Commenti: I have never regretted switching from GnuCash to Xero for my business bookkeeping. But my husband and I still use GnuCash for our household books. It's more work than Xero, but it really is nice to have a free/self-hosted solution to keep our finances under control.

Aspetti positivi:

The price tag (free) is hard to beat. Hosting the database locally yourself (vs. an online cloud solution) lets you control the security of your data.

Aspetti negativi:

It's all so manual. Downloading your bank feeds, importing into the software, categorizing all of your transactions - GnuCash gets a little better at recognizing some of the common ones, but it still miscategorizes a lot of them. You still end up having to go through each one line by line, and it can be pretty slow waiting for the import to happen. The interface is really clunky, too.

It could be better!

Commenti: It wasn't a bad experience!
Could be a lot better.
After all it is an app to take care of finances. And anything that involves money needs to be practical!
But without a doubt, nowadays it needs to be more attractive. Improve the colors, the overall design, and make it more compact.
But I loved being able to criticize.

Aspetti positivi:

The logo is attractive! Enrolling in it is quick and easy. I liked that it is easy to understand. Which is good even for old people. And I liked it being dynamic. Few long loads.

Aspetti negativi:

I believe transfers could be faster and easier. I think the platform could be more attractive. I believe they could spread more! Even to beat competitors! There's a lot to improve even in the design.

GnuCash does it all

Commenti: I have used GnuCash for over 10 years on Windows 7, Windows 8 and Windows 10. It was an excellent package when I started and has improved with updates. Having taught accounting, I find it provides everything needed for personal and business use.

Aspetti positivi:

GnuCash has drop-down menus to access everything needed in reporting. One drop-down menu has a link to automatically generate all closing entries at the end of the year. When making entries, it will remember information for last corresponding entry, just change amount.

Aspetti negativi:

I can generate a long list of back-up files, if not tuned properly.

Can be of great help when it comes to your personal budget

Commenti: I've set a goal of saving up for a deposit for a house and GnuCash helps me stay on track with my budget .

Aspetti positivi:

It doesn't cost anything to use .Supports multiple currencies .You can switch between multiple accounts and work on them individually .Income and expenses are easy to distinguish ,which helps you see where you are siphoning money .

Aspetti negativi:

You get several options when it comes to generating reports ( Pie chart ,Bar chart and so on ) . If you pick Line charts ,they often become too large and unreadable on the screen.

Accounting Alternative

Commenti: As with other open source software, the world community of users generally makes it easy to solve any issues that come up. I'd recommend it to the more advanced user.

Aspetti positivi:

I use gnuCash as a backup, supplemental accounting platform when I need to step outside of my practice management software. The level of customization makes it useful for special needs.

Aspetti negativi:

A certain familiarity with open source software and a proper understanding of charts of accounts is necessary to get all you can out of this software.

I have been using GnuCash for 5 years

Commenti: I will continue to use for my personal and business needs.

Aspetti positivi:

Very nice functional multi ledger, double-entry accounting with QIX/F files and bank statement imports. You can create balance sheet and income statement financial reports which you can customize and print. Love the price ;) and not being tied to yearly licenses and support up-selling.

Aspetti negativi:

Setting it up takes some work specially when you use it to for business, but GnuCash has a thriving community with lots of information in the web and your bookkeeper should not have trouble finding answers. You can also find resources that could help you further customize the application to suit your business.

Powerful personal accounting software that's free!

Aspetti positivi:

The account setup is customizable and fairly easy to modify / update on the fly. The ability to automatically grab stock quotes (though recently has become a little more difficult) is very helpful. I use the reports often to understand how my investments are going as well as tracking expenses and adjusting my spending accordingly.

Aspetti negativi:

The mobile app does not easily import transactions into the database. A cloud based database would be more useful as I need to be at my computer (or one linked to my cloud drive) to access the database. While I understand the need for it, the double entry book keeping system takes a little getting used to.