It’s ideal for small businesses, startups, and individuals who like to track their finances effectively. GnuCash GnuCash is a free accounting software offering some basic yet essential accounting features. The KMyMoney implementation was cleaner and easier to understand and work with, but I still ran into some problems finding my bank and getting it all set up. Skrooge allows you to manage your personal finances, powered by KDE.Thanks to its many features, it is one of the most powerful way to enter, follow, and analyze your expenses. Here is a list of the top five open-source personal finance tools doing wonders for Linux users. KMyMoney apparently uses the same AqBanking tool that GnuCash uses for online banking. There, you can click to drill down and dig into the details of the info.
Clicking an option in the left pane changes what is displayed in the main console window. The left pane has icons for the various elements of the program: Institutions, Accounts, Payees, Reports, etc. KMyMoney is much more aesthetically pleasing than GnuCash, and it did a significantly better job of importing the Quicken data. After a minute or two, the Quicken data was imported and I was on the KMyMoney screen.
The progress bar kept sweeping up to 100 percent and starting over, but I had no way of knowing where it was in the overall process or when it would be done. KMyMoney imported the data from the QIF file with much less hand-holding-like none. At 59.99 it is a little bit out of reach for most users although it does have a 30-day free trial.
My actual accounts are on the list as well, though. Cons: It is only available for Mac users. The problem is that GnuCash interpreted every payment category as an ‘account’, so I have an ‘account’ for clothing, and an ‘account’ for groceries. Once it completed, the GnuCash application began with all of my Quicken data imported.
As it attempted to map accounts from the QIF file to accounts in GnuCash, or transaction categories to types in GnuCash, or payees from Quicken to payees in GnuCash I simply accepted whatever GnuCash suggested and clicked ‘Forward’ because I certainly don’t have any better idea how to map those things out. GnuCash asked a lot of questions during the import process. Then, I rebooted back to Ubuntu Linux so I could import the file into the finance apps. So, I rebooted into Windows, opened Quicken, and exported my account and transaction details to a QIF file. The Quicken data stored on my PC is in QDF format, which neither program can import. Analyse your finances in detail using powerful filtering tools and graphs. Both tools provide a means of importing a QFX file, but my bank doesn’t seem to offer a way for me to just download the QFX file directly. Quicken 2011 doesn’t use QIF files any more–the default format for downloading data from the Web is QFX.