GnuCash has been designed from the ground up to be easy to use. Within a matter of minutes you will be able to enter your personal finance information and generate color graphs that represent your financial status. If you can use the register in the back of your checkbook - you can use GnuCash! Type directly into the register, tab between fields, and use quick-fill to automatically complete transactions. The interface is customizable from within the application itself.
Easy to Use Menus: GnuCash menus conform with the GNOME Human Interface Guidelines. This means that they are simple and similar in appearance to many other GNOME applications.
Documentation: GnuCash has built in Help and extensive User Guide documentation.
Import Methods: GnuCash supports many ways to input transactions besides manual entry. If you can access your bank accounts on-line, this is especially useful, as one of the following export methods is supported by most banks. You will spend less time entering data and more time analyzing results.
Quicken Import File (QIF): Import Quicken QIF style files, a popular file format with many commercial personal finance software packages.
Open Financial Exchange (OFX): GnuCash is the first free software application to support the Open Financial Exchange protocol. Many financial institutions are moving towards this format.
Home Banking Computer Interface (HBCI): GnuCash is the first free software application to support the German Home Banking Computer Interface protocol. This protocol includes statement download, initiates bank transfers, and makes direct debits possible.
Reports: GnuCash comes with over 30 prebuilt reports, including Account Summary, Income, Expenses, Transaction Report, Balance Sheet, Profit&Loss, Portfolio Valuation, and many others. Reports support graphical views of the data, including pie charts, bar charts, and scatter plots. The reports can be exported to HTML files, and are easily customized.
Scheduled Transactions: GnuCash can automatically create and enter, or remind you of scheduled or recurring transactions. When you are reminded of scheduled transactions, you can enter or postpone them. Recurring transactions can be configured to stop after a certain period.
Mortgage and Loan Repayment Druid: Used to set up a variable payment loan scheduled transaction.
Easy Account Reconciliation: Integrated reconciliation makes reconciling your GnuCash accounts with statements simple and effective.
Multi-platform Compatibility: GnuCash is supported on a variety of platforms and operating systems. The list of fully supported operating systems (and platforms) for GnuCash v1.8.x is: GNU/Linux (x86, Sparc, PPC), FreeBSD (x86), OpenBSD (x86), Solaris (Sparc), and MacOS X (PPC). Previous versions of GnuCash have been known to work with, SGI IRIX (MIPS), IBM AIX 4.1.5 (RS/6000), Unixware 7 (Intel), and SCO OpenServer 5.0.4 (Intel), but their current status is unknown.
GnuCash has a number of investment features. From simple certificates of deposit, to publicly traded stocks, GnuCash will track all your investments.
Stock/Mutual Fund Portfolios: Track stocks individually (one per account) or in a portfolio of accounts (a group of accounts that can be displayed together).
On-line Stock and Mutual Fund Quotes: With GnuCash, you no longer need look up your stock values one at a time. The process can be automated, to always present you with the lastest value of your stocks.
GnuCash is truly an application that works with and understands users from all around the world. There are many built-in features to facilitate interaction with the international world we live in today.
Native Languages: GnuCash has been fully translated into 12 languages: Chinese, Czech, Dutch, English, French, German, Italian, Portuguese, Russian, Slovak, Spanish and Swedish. More than 13 other languages are partially supported.
Multiple Currencies and Currency Trading: Multiple currencies are supported and can be bought and sold (traded). Currency movements between accounts are fully balanced when double-entry is enabled.
New Multi-Currency Transaction Handling: GnuCash no longer requires separate currency exchange accounts to handle multiple currency transfers.
International Date Handling: GnuCash understands that different countries display the date differently. You are able to work with the date format you are accustomed to.
GnuCash has many features to support the needs of the business accounting community.
Accounts Receivable/Payable: GnuCash has an integrated Accounts Receivable and Accounts Payable system. You can track Customers, Vendors, Invoicing and Bill Payment, and use different Tax and Billing Terms in a small business.
Payroll: GnuCash can track company payroll.
Depreciation: GnuCash can track depreciation of capital assets.
Reports: GnuCash offers a wide variety of ready-to-use business reports.
For those knowledgeable in accounting, here is a list of GnuCash's accounting features.
Double Entry: When enabled, every transaction must debit one account and credit others by an equal amount. This ensures the "books balance" - that the difference between income and expense exactly equals the sum of all bank, cash, stock and other assets.
Split Transactions: A single transaction can be split into several pieces to record taxes, fees, and other compound entries.
Chart of Accounts: A master account can have a hierarchy of detail accounts underneath it. This allows similar account types such as Cash, Bank, or Stock to be grouped into a master account such as “Assets”.
General Ledger: One register window can display multiple accounts at the same time. This eases the trouble of tracking down typing/entry errors. It also provides a convenient way of viewing a portfolio of many stocks, by showing all transactions in that portfolio.
Income/Expense Account Types (Categories): These categorize your cash flow and, when used properly with the double-entry feature, will provide an accurate Profit&Loss statement.
Scheduled Transactions
GnuCash now has the ability to automatically create and enter transactions, remind you when these transactions are due, giving you the choice of entering, postponing or removing the automated transaction.
Mortgage and Loan Repayment Druid
Used to setup a variable payment loan scheduled transaction.
Small Business Accounting Features
GnuCash can now track Customers and Vendors, Invoicing and Bill Payment, and can use different Tax and Billing Terms in a small business.
Open Financial Exchange (OFX): GnuCash is the first free software application to support the Open Financial Exchange protocol. Many financial institutions are beginning to support this format.
Home Banking Computer Interface (HBCI): GnuCash is the first free software application to support the German Home Banking Computer Interface protocol. The protocol includes statement download, initiates bank transfers, and makes direct debits possible.