One reason I particularly like GnuCash as an option is the availability of a mobile application that complements, rather than emulates, its desktop companion. While not the kitchen sink, it can handle most financial needs readily out of the box. It features multi-entry bookkeeping, can import from a wide range of formats, handles multiple currencies, helps create budgets, prints checks, creates custom reports in Scheme, and can import from online banks and pull stock quotes directly. First released in 1998, GnuCash is a stable option packaged for most major Linux distributions with Windows and Mac ports available. GnuCash is a reasonably full-featured accounting application that is suitable for both personal use and managing a small business. GnuCashįirst up, let's take a look at GnuCash.

Each of these tools was designed with Linux in mind, but there are builds for other operating systems as well.

Let's take a look at five popular options for open source financial software tools, and a sixth option as well-old-fashioned spreadsheets.

For some, automation and simplicity are their main goals for others, customization and having lots of features matter most while still others would benefit most from a large community to provide support. Just as no two people have identical bank accounts, there's no single personal finance tool that works best for everybody. Do you primarily make purchases electronically, or do you rely heavily on cash? Is archiving and organizing receipts important for you come tax time? Do you operate a small business and need a more powerful tool that can manage the more complex finances of sales, customers, employees, and business expenses? Or do you use multiple currencies (perhaps Bitcoin?) and want to keep track of those values as well?

Free online course: RHEL Technical Overviewĭetermining which tools allow you to best organize your finances depends a little bit on your situation.

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