{"id":247,"date":"2008-05-10T22:13:25","date_gmt":"2008-05-10T22:13:25","guid":{"rendered":"https:\/\/www.garfnet.org.uk\/cms\/gnucash-serious-open-source-accounting-software\/"},"modified":"2024-12-06T03:05:55","modified_gmt":"2024-12-06T03:05:55","slug":"gnucash-serious-open-source-accounting-software","status":"publish","type":"post","link":"https:\/\/garfnet.org.uk\/cms\/2008\/05\/10\/gnucash-serious-open-source-accounting-software\/","title":{"rendered":"GNUCash &#8211; serious open source accounting software"},"content":{"rendered":"<p><strong>Nowadays, one reads a lot about open source equivalents of proprietary software. Often these are described as poor substitutes for the real thing. However, some open source apps are starting seriously to outperform their proprietary counterparts. Mozilla Firefox is a classic example of this phenomenon. GNUCash is another.&nbsp; <\/strong><\/p>\n<h2>GNUCash vs Microsoft Money<\/h2>\n<p>I was a <em>Micro$oft Money version 2<\/em> user, then a <em>Money 2001<\/em> user, first on <em>Windows<\/em> and then on <em>Linux<\/em> using <em>WINE<\/em>. But the fact that later versions of <em>M$ Money<\/em> use <em>Micro$oft Internet Explorer<\/em> as their engine scared me. You really don&#8217;t want your accounts package connecting to the internet without your express permission, do you? Moreover, <em>Internet Explorer<\/em> is not exactly the most secure application on the planet, is it?<\/p>\n<p>Whilst <em>M$ Money<\/em> offers a lot of functionality, <em>GNUCash<\/em> is also packed with useful features. Indeed it is is one of the few applications where its &#8220;<em>Tip of the Day<\/em>&#8221; dialog really is worth reading.<\/p>\n<p align=\"center\"><img loading=\"lazy\" decoding=\"async\" class=\" size-full wp-image-244\" title=\"Tip of the Day dialog\" src=\"https:\/\/www.garfnet.org.uk\/cms\/wp-content\/uploads\/2008\/05\/www.garfnet.org_.uk_coppermine_albums_archive_project_screengrab_20080511-GNUCash-tip.png\" alt=\"Tip of the Day dialog\" width=\"406\" height=\"327\" border=\"0\" srcset=\"https:\/\/garfnet.org.uk\/cms\/wp-content\/uploads\/2008\/05\/www.garfnet.org_.uk_coppermine_albums_archive_project_screengrab_20080511-GNUCash-tip.png 406w, https:\/\/garfnet.org.uk\/cms\/wp-content\/uploads\/2008\/05\/www.garfnet.org_.uk_coppermine_albums_archive_project_screengrab_20080511-GNUCash-tip-300x242.png 300w\" sizes=\"auto, (max-width: 406px) 100vw, 406px\" \/><br \/>\n<em><strong>Tip of the Day dialog<\/strong><\/em><\/p>\n<p>Granted, <em>GNUCash<\/em> is probably not as pretty as <em>M$ Money<\/em>. But it is truly <em>standards-based<\/em> and Unix-friendly. Therefore it is superior to any proprietary system IMHO, especially if you plan to keep records for a very long time.:-<\/p>\n<blockquote>\n<ul>\n<li>Genuine double-entry book-keeping system.<\/li>\n<li>Genuine multi-currency system. This is handy if you run say Sterling and Euro bank accounts side-by-side.<\/li>\n<li>Manages investments much more logically and transparently than MS Money.<\/li>\n<li>Will safely and securely download current share prices and currency values.<\/li>\n<li>Data-file is a compressed XML file &#8211; so your financial information is not locked into a proprietary format or tied to the product of just one corporation.<\/li>\n<li>Also means your business finances are no longer locked into <em>M$ Windows<\/em> either!<\/li>\n<li>Originally developed for <em>Linux<\/em>, it can also be compiled for most other <em>Unix<\/em> or <em>Unix<\/em>-like operating systems, including <em>FreeBSD<\/em>, <em>Solaris<\/em> and <em>Macintosh OSX<\/em>.<\/li>\n<li>There is also a version for <em>M$ Windows<\/em>.<\/li>\n<li>Reports are output in standard HTML format. This means it is easy to email them to your accountant or to import into an OpenOffice (or MS Excel) spreadsheet &#8211; so you can lay it out exactly as the boxes appear on your Self Employed Tax Return.<\/li>\n<li>It is completely free. That is free as in <em>beer<\/em> and free as in <em>freedom<\/em>.<\/li>\n<li>All its updates are free.<\/li>\n<li>Updates are genuine improvements and enhancements, not just cosmetic tweaks designed to extract more money from the hapless punter!<\/li>\n<li>Its developers are open and honest with regard to the product&#8217;s shortcomings.<\/li>\n<\/ul>\n<\/blockquote>\n<h2>Making the move<\/h2>\n<p>You can export all your <em>M$ Money<\/em> accounts as QIF files (albeit one-by-one) and they import perfectly into <em>GNUCash<\/em> &#8211; which is what I did. I have been using it since 2007 May and it is one of the best business decisions I ever made. It is very easy to set up a set of accounts that suits your particular business. And its generic nature means it can be customised to deal with whatever method of value-added or purchase tax exists in your particular country. The sample screengrab below shows a fictitious set of accounts for a non-VAT registered UK-based professional photographer.<\/p>\n<div align=\"center\"><a title=\"Fictitios accounts for a professional photographer\" href=\"https:\/\/www.garfnet.org.uk\/cms\/wp-content\/uploads\/2008\/05\/www.garfnet.org_.uk_coppermine_albums_archive_project_screengrab_20080511-GNUCash-ledger.png\" target=\"_blank\" rel=\"noopener\"><em><strong><img loading=\"lazy\" decoding=\"async\" class=\" size-full wp-image-246\" title=\"Fictitious accounts for professional photographer\" src=\"https:\/\/www.garfnet.org.uk\/cms\/wp-content\/uploads\/2008\/05\/www.garfnet.org_.uk_coppermine_albums_archive_project_screengrab_normal_20080511-GNUCash-ledger.png\" alt=\"Fictitious accounts for professional photographer\" width=\"400\" height=\"299\" border=\"1\" srcset=\"https:\/\/garfnet.org.uk\/cms\/wp-content\/uploads\/2008\/05\/www.garfnet.org_.uk_coppermine_albums_archive_project_screengrab_normal_20080511-GNUCash-ledger.png 400w, https:\/\/garfnet.org.uk\/cms\/wp-content\/uploads\/2008\/05\/www.garfnet.org_.uk_coppermine_albums_archive_project_screengrab_normal_20080511-GNUCash-ledger-300x224.png 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/strong><\/em><\/a><\/div>\n<div align=\"center\"><a title=\"Fictitios accounts for a professional photographer\" href=\"https:\/\/www.garfnet.org.uk\/cms\/wp-content\/uploads\/2008\/05\/www.garfnet.org_.uk_coppermine_albums_archive_project_screengrab_20080511-GNUCash-ledger.png\" target=\"_blank\" rel=\"noopener\"><em><strong>Fictitious accounts for a professional photographer. Click to see full size. <\/strong><\/em><\/a><\/div>\n<p>&nbsp;<\/p>\n<hr>\n<blockquote>\n<ul>\n<li>Gnucash site and links to free download for your chosen operating system <a title=\"GnuCash website\" href=\"http:\/\/www.gnucash.org\">http:\/\/www.gnucash.org<\/a> &nbsp;<\/li>\n<\/ul>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Nowadays, one reads a lot about open source equivalents of proprietary software. Often these are described as poor substitutes for the real thing. However, some open source apps are starting seriously to outperform their proprietary counterparts. Mozilla Firefox is a classic example of this phenomenon. GNUCash is another.&nbsp; GNUCash vs Microsoft Money I was a&#8230;<\/p>\n","protected":false},"author":1,"featured_media":243,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[6,691,18],"tags":[],"class_list":["post-247","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-journal","category-linux","category-technology"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GNUCash - serious open source accounting software - GarfNet<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/garfnet.org.uk\/cms\/2008\/05\/10\/gnucash-serious-open-source-accounting-software\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GNUCash - serious open source accounting software - GarfNet\" \/>\n<meta property=\"og:description\" content=\"Nowadays, one reads a lot about open source equivalents of proprietary software. 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