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It is also one of the few bookkeeping tools to support multiple currencies, and GnuCash developers claim it is the only open source program of its kind. GnuCash stores all data you enter in the flexible.
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An Android version was released in 2015.įigure 1: Download GnuCash from the application's main page. There are versions for Windows and macOS, as well as Linux ( Figure 1). It was initially designed to imitate some of the features found in Intuit QuickBooks but soon evolved and began to offer more.
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We have focused here on setting up accounts and inputting transaction data, but we encourage readers to take the time to explore the program's extra functions, too (see the "Other Features" section). GnuCash 3.5, which is the focus of this review, contains a truly staggering number of features. Despite being free of charge, the program is suitable for complex accounting data and supports double-entry bookkeeping, multiple currencies, and credit card transactions out of the box. As free and open source software, there's far less risk of support being discontinued altogether, and it can open and save transaction data in a number of formats. GnuCash offers a ready solution to both these dilemmas. Many of the freeware finance programs also don't support more advanced features like double-entry bookkeeping. There is some sense in this: If you choose a less well-known product that is later discontinued, all your financial data could become unreadable overnight. If you're starting your own business or want to take greater control of your personal finances, you may have been tempted to subscribe to one of the many popular proprietary (and sometimes expensive) accounting products on the market such as Sage and Intuit QuickBooks.