Does anybody here use Gnucash for financial software? Any compliments/complaints?
My wife wants me to try it out - apparently she has been experimenting with it.
Does anybody here use Gnucash for financial software? Any compliments/complaints?No, but I can recommend Moneydance which runs on Windows, Mac and Linux/BSD.
This is a somewhat belated reply, but yes, I use Gnucash.It's the only personal finance software that I've used, so I can't compare it to Quicken or MS Money. I manage all of my bank, credit card, insurance, and investment accounts with it. I have data going all the way back to 2000 stored in it.I only have a couple of complaints about it. It does not properly calculate the investment return from DRIPs unless you use a convoluted way of entering the DRIPs into your account. It also can't get TIAA-CREF online quotes because the online quote module is a little out of date. I have no trouble getting online quotes for any other securities, though. And many of the built-in financial charts are lacking in some features.However, these drawbacks are far outweighed by the benefit of never having to boot into Windows to manage my finances.--Mike
This post is just an update in case anyone else has wandered onto this thread. I have used GNUCash, Quicken and Money and I must say that I prefer GNUCash over the other two. The biggest reason behind that claim is that I took Accounting I and Accounting II in tech school. GNUCash is strongly based on double entry accounting. Quicken and Money hide the double entry accounting behind their dressed up interfaces in the quest of making the software more "user friendly". But I quickly found that even with my limited accounting knowledge those two programs (Quicken and Money) became much harder to use.I also like GNUCash because the file format and interface is the same for both Windows and Linux. I run Windows XP on my laptop and Ubuntu Desktop on my desktop computer. By using GNUCash I can copy the files from my desktop to my laptop for travel and then copy them back over when I return home.GNUCash isn't as flashy as Quicken or Money either which to be is a strong point. I prefer simple and efficient interfaces as opposed to glamor appeal.I hope these observations will prove useful to someone out there.
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