GnuCash

GnuCash

4.5 / 5 13 reviews

Who Uses This Software?

GnuCash is personal and small-business financial-accounting software.


Average Ratings

13 Reviews
  • 4.5 / 5
    Overall
  • 4 / 5
    Ease of Use
  • 2.5 / 5
    Customer Service

Product Details

  • Starting Price
    Not provided by vendor
  • Pricing Details
    free
  • Free Version
    Yes
  • Deployment
    Installed - Mac
    Installed - Windows
  • Training
    Documentation

Vendor Details

  • GnuCash
  • www.gnucash.org

About GnuCash

Financial accounting software for tracking bank accounts, income and expenses for small businesses.


GnuCash Features

  • Accounts Payable
  • Accounts Receivable
  • Bank Reconciliation
  • Billing & Invoicing
  • CPA Firms
  • Expense Tracking
  • Fixed Asset Management
  • For Government
  • For Nonprofits
  • Fund Accounting
  • Payroll Management
  • Project Accounting
  • Purchase Orders
  • Tax Management

GnuCash Reviews Recently Reviewed!


GNUCash Review

Apr 10, 2017
5/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
1 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Simple, resembles check register and most people can use it effectively immediately. It is free and malware free. More interested users can scale up their use to include complicated accounting steps (year end closing, splits across accounts, etc) as much as they wish.

Cons: Some features, such as initiating a split, or finding the budgeting functionality, can be non-intuitive.

Overall: GNUCash is an open source free package that works much like the for-profit Quicken program without the spyware (content guard) bundled in by Intuit. On the most basic level you simply fill in your checkbook register. If you want to learn a small amount, you can also download your bank statements in various formats, including Quicken format, and click File Import to auto-magically insert them into your checkbook register. I use GNUCash on my desktop, over my LAN to a server, and over Internet via my SSH connection.

Those who delve deeper will find this is actually a double entry (professional) accounting system with any number of ledgers you desire to create. You can split transactions just as you would in a paper based accounting system to show all the elements for the cash flow on every transaction, or use any of the (perhaps 50) built in reports to generate a balance sheet, income statement, and other common accounting reports. In this sense it leaves Quicken in the dust and is far easier to use than QuickBooks.

Also, GNUCash will leave your payroll percentages alone while Intuit has programmed QuickBooks to delete all your payroll percentages every time you use it after February each year unless you buy the free IRS Circular E from Intuit each year. The Intuit rep explained to me that I had no choice and was forced to buy this free data from them "because business owners are too stupid to enter the (6) percentages themselves". Yes, she actually said that.

GNUCash is not a "pretty" program but it is extremely functional and free. The downside is some non-intuitive behaviour when splitting an already entered transaction (which you will eventually figure out), and the rather obtuse way in which you enter budgeting data - the budgeting report however is very straightforward and allows you to change dates and which accounts are included very easily. It also provides a paper trail after every session as a separate (timestamped) file for review or recovery purposes.

If you want more privacy and less cost in your company (or personal) accounting software this is a great choice. If you want for-pay customer support instead of using a FAQ or video tutorials to get answers, don't care if a glitch could lock you out of your own data when ContentGuard decides you're suddenly "not authorized", think business owners are stupid, and prefer to buy every feature for hundreds of dollars each, then by all means buy one of Intuit's packages.

Recommendations to other buyers: When you hit a snag, google search on GNUCash how to (topic) and you will usually find multiple explanations with examples.

It's a free, professional, accounting software, kind of usable for personal finance

Mar 20, 2018
4/5
Overall
2 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 6.0/10 Not
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Pros: I use it to keep my personal finance. It's also a professional tool so it has many features that I will probably never use, but they don't get much in the way. Double entry is a powerful tool when you get the grasps of it, making it possible to bind together transactions between more than two accounts. It can also track stock prices and it's possible to update them with some setup. Charts and reports are available and very flexible.
It's free and open source, so you can trust it with your numbers.
There are mobile apps that help you not bringing around dozens of receipts to remember where you've spent your money.

Cons: If you're not a professional accountant, you'll need some time to get used to "double entry", and I still get confused sometimes. The setup of stock prices update is definitely not easy (esp. on Linux). Charts and reports require quite some work to get the most out of them, the presets are not that insightful.
The Android app I use (GnuCash for Android) is nice but the export/import procedure is annoying: in some cases, you even have to tell GnuCash which date format you're using, and you probably have no idea without checking in the XML file!

I have been using GnuCash for personal accounting and for two small businesses for over three years.

May 16, 2017
5/5
Overall
3 / 5
Ease of Use
4 / 5
Features & Functionality
2 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: The ease of use, the double entry accounting, and the different functions, reports, and tools are excellent. The tools for different currency accounts are excellent for our international business.

Cons: There is a learning curve. Small things, such as learning how to print a register, can be a bit tedious in learning and doing the first time. While there is a user's manual and searching for assistance online is available, finding the answer to a question or learning how to do something often takes much trial and error and just simple experimenting with clicks key punches.

Overall: No cost for product or use of product. Saves time. Very productive. Ease of use.

Powerful personal accounting software that's free!

Apr 20, 2018
4/5
Overall
2 / 5
Ease of Use
5 / 5
Features & Functionality
2 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: The account setup is customizable and fairly easy to modify / update on the fly. The ability to automatically grab stock quotes (though recently has become a little more difficult) is very helpful. I use the reports often to understand how my investments are going as well as tracking expenses and adjusting my spending accordingly.

Cons: The mobile app does not easily import transactions into the database. A cloud based database would be more useful as I need to be at my computer (or one linked to my cloud drive) to access the database. While I understand the need for it, the double entry book keeping system takes a little getting used to.

Capterra-loader

Robust free accounting software but support not that fast

Aug 16, 2018
3/5
Overall
3 / 5
Ease of Use
4 / 5
Features & Functionality
2 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 6.0/10 Not
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Pros: For those who are searching for a free accounting software for their individual or small business needs, GNUCash is perhaps the best given the robust features incorporated and a large community base. Being open source, the possibilities are endless for developers who can always add new codes to suit the needs.

Cons: Unfortunately, the support is not fast if one faces a hurdle. As a user, if you want to post a query on their forum, you need to subscribe. In my case, I could not understand this condition and so my query was reverted back. GNUCash perhaps should address this point. I then posted my thread to another popular forum (StackExchange: Personal Finances & Money) and received first reply only after one month!

Overall: For my business needs, I believe GNUCash is the answer though support when faced with a problem not always that fast.

All the financial help you need .

Jun 13, 2018
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
Likelihood to Recommend: 10.0/10 Not
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Pros: GnuCash is great for both personal and small business use . It's spreadsheet like design makes it easy to keep track of income and expenses and make the necessary adjustments .It can be customized to your specific needs and is free to use .

Cons: It requires a lot of time to set up initially ,especially if you are using it for a business .Is also hard to integrate on mobile

A Great Alternative to Quickbooks

Mar 26, 2018
4/5
Overall
4 / 5
Ease of Use
5 / 5
Features & Functionality

Pros: In searching for an alternative to Quickbooks for a new startup business, I stumbled upon Gnucash as a cost-effective alternative. If you are comfortable with Quickbooks, Gnucash is a breeze to catch onto, set up, and use on a daily basis. It mirrors the setup very closely and is simple to set up.

Cons: Gnucash is not set up to automatically integrate with very many other software applications, like its main competitor, so it could lead to a lot of manual data entry if this aspect is not thoroughly researched prior to setup.

Capterra-loader

Best free open source accounting software for personal finance

Jul 04, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
3 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: This is perhaps the best free open source accounting software for personal finance which is also used for business accounting by SMEs. As there is a large community of users, one can stay assured of the latest updates as well as forum support.

Cons: This is not cloud-based. One needs to download the software. There is a learning curve. One needs to follow documentation which fortunately is well compiled.

Overall: No need to pay for subscriptions. No fee and completely free.

Simply amazing !

Jul 26, 2018
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: GnuCash has revolutionized the way I budget . The way expenses are listed really helps me realize where I should stop spending so much .One of small number of apps I'd gladly pay for ,however it's free .

Cons: Especially if using it for a business ,more comprehensive accounting sheets are hard to properly create .Exporting your work can also be more intuitive on the mobile app .

Good Value (It's FREE)

Apr 19, 2017
4/5
Overall
4 / 5
Ease of Use
3 / 5
Features & Functionality
3 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: Easy to upload statements from bank, credit cards, etc. into the program.

Cons: Some questions are difficult to find answers in the documentation.

Overall: I am using GnuCash to track income & expenses for my business, plus rental properties & my personal accounts. It took awhile to fully understand the double accounting system, but the documentation was pretty easy to follow. The software's intuitive nature when uploading new bank statements is nice... until a transaction needs to be categorized differently from the original. Overall, I like the program and will continue to use it to track my spending.

Helps easily organize finances

Mar 08, 2018
5/5
Overall
4 / 5
Ease of Use
5 / 5
Features & Functionality

Pros: Helps me get my finances in control. The documentation is also really good. And you can easily resolve issues yourself

Overall: I would recommend it to any trying to get their finances in control.

Small business accounting software

Dec 09, 2016
4/5
Overall
4 / 5
Ease of Use
3 / 5
Features & Functionality
3 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: Simple Accounting Book Platform for small business finances. Keeps me in check with my spending and earning and everything nice and neat, for zero dollars, Thank you.

Cons: Slow to open

Overall: I use GNU Cash to keep my small business accounts. It's simple and straight forward and keeps my finances in check. Best of all it was free and a permanent program on my computer.

Cheap n Easy

Jan 27, 2017
3/5
Overall
5 / 5
Ease of Use
3 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money

Comments: It's ok, not as impressive as others I've seen. You can customize it and it's rather simple to figure out if you're a beginner.