We’ve already discussed some of the general advantages of using
GnuCash. Here are some specific features offered by
GnuCash that may not
exist in other programs.
Simple user interface
GnuCash is as easy to use as a checkbook register. It’s simpler
than a paper register, because auto-completion and other entry
shortcuts not only do work for you, but reduce data entry
GnuCash allows you to import data from on-line bank statements
and software packages using QIF (Quicken® Interchange Format), OFX and
HBCI files. An easy-to-use “assistant” walks you through
reviewing resulting changes and actually importing them into
Reconcile monthly statements quickly by entering the statement
ending balance and checking off transactions.
GnuCash helps you catch
any discrepancies between your data and statements you receive.
GnuCash offers a host of ways to track your investment
portfolio. Special investment accounts simplify data entry, and
on-line tools allow you to update prices of your holdings as the
markets change. Reports complete the picture, allowing you to analyze
your investment decisions.
Multiple currency support
GnuCash allows you to track multiple currencies. If you have
bank accounts, investments or other financial data in different
GnuCash to monitor them.
Customized reports and graphs
Reports and graphs give you valuable information for filing
taxes, budgeting, or simply figuring out where your money goes.
GnuCash offers a variety of easy-to-use reports and graphs to help
analyze your financial position. It gives you the freedom to customize
your own reports to suit your unique needs.
To provide complete records,
GnuCash uses the double entry
method of bookkeeping. Double entry simply means that money doesn’t
just appear or disappear - an equal amount must come from one location
and go to another location. By tracking the transaction in both
GnuCash will give you detailed reports from the perspective
of either account.
Sources of help
A Tip of the Day screen gives helpful tips to new users about
GnuCash features. Within the program, a searchable Help menu guides
you to information or connects to the
GnuCash web page for further
GnuCash also has strong, helpful developer and user
communities who provide help through mailing lists as well as through
the IRC channel.
GnuCash offers many shortcuts to help you enter data. Type the
first few characters of a common entry and
GnuCash will automatically
fill in the rest! You can also use copy, paste and duplicate functions
to save typing time. Keyboard shortcuts let you quickly choose a menu
option or to enter numerical data. Many numeric entry fields can act
as a calculator: enter "92.18+33.26" and watch
GnuCash input the
corresponding sum for you!
GnuCash doesn’t hide its methods. If you wonder how
computed a number, you can find it out. In addition, you can set
preferences that tell
GnuCash how much information to display to you.
There is no “secret code” used in
GnuCash - it continues
to be an open-source program.
These are only a few of the advantages you’ll discover when you
GnuCash to track your financial information. Now get ready to
enjoy the benefits of
GnuCash for yourself!