GnuCash: Manage Your Money with This Free Cross-Platform Accounting Tool

GnuCash: Multi-Platform Financial Accounting Application — Your accounts up to date

GnuCash is a powerful accounting application with many features that will help you manage your money. If you're someone who never reaches the end of the month with money or can never save, this tool will help you manage your income effectively. The platform is designed to manage the finances of a family or small business; if you need something more powerful, the environment won't meet your expectations.

Once you download the application from its official website, you'll see its simple interface and features divided into tabs. The environment uses the double-entry accounting system (income and expense accounts) where you can record all your business transactions. If you have a small venture, the utility allows you to enter and manage clients, suppliers, annotations, and employees, and you can do it with your country's currency.

The accounts are always related and each transaction must debit to a credit account. This ensures that the balance of the accounting books always gives positive assets (the difference between income and expenses is equal to the sum of assets and liabilities).

You can also create recurring transactions, set up automatic reminders for payments or debts, locate transactions, and summarize your economic activity among many other options.

Thanks to its graphs and reports, you can easily visualize your balances, benefits, losses, the state of your client portfolio, and the state of your bank account among many other functions. The data stored in the platform will be saved in “XML”, so you can store it in SQL databases (using SQLite3, MySQL, or PostgreSQL). And you can import data in QIF and OFX formats.