Monday, December 22, 2008

GnuCash:Out with a new version [Personal Finance]

Times are bad and we all need to watch what we spent on and its a good time to thing about using one as it really helps in managing your budget, spending and investments.

GNU Cash is open source and it is very flexible. But what i don't like about it is that it is not as intuitive as those more popular ones, such as Quicken 2008, which I use, and Microsoft Money. do give it a try and you might be satisfied with this opensource software.

You can do double-entry accounting in GNUcash, with all the bells-and-whistles needed for a small business, and very professional reports. Among report types for businesses, you can produce statements of cash flows, income statements, balance sheets and more. You'll also find a lot of pre-built financial documents that are useful, such as good-looking invoices. GnuCash will track tax liabilities, and can even help track the age of receivables for depreciation purposes. You can also track accounts based on different currencies.

For individuals, the checkbook-style register in the program is a main area of interest, but GnuCash also tracks mutual fund, stock and other types of investment portfolios. You can do online banking, automate your scheduled transactions, and use pre-built reporting options to see graphically how your money is flowing each month.







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