![]() If you have an accountant, they will love the output of GnuCash since it already breaks information down to the type of reports they expect to produce in GAAP fashion. GnuCash features tons of reports that can help your business, and you, grow. GnuCash keeps to the Business GAAP requirements of having Accounts, not Categories. Where in KMyMoney they are simply Categories without an Account. Gnucash, althought harder to grasp than KMyMoney, and really only because you have to consider Expense/Income Categories are actually Accounts in GnuCash. ![]() They should all be absolute values in reporting(meaning unsigned). I don’t want to see negative values in my reports such as liabilities having negative values vs Assets having positive values. I wish it would as it would then fit all scenarios. It seems to use Double-Entry as the balancing equation but does not fully implement it down to the reporting methods GAAP would ask. Debits in one column, Credits in another. Although KMyMoney is a double-entry system, the reports do not show the Debits and Credits as being you would expect from a double-entry system. For example Cash Flow in KMyMoney is not the same as a Statement of CashFlows, AKA CashFlow Statement. Although nice, these are not GAAP type reports. You can report on Transactions by Payee, by Category, by Account(for Assets/Liabilities). KMM, keeps a list of the tags you have created, a list of the Payees you have, and a list of Categories. KMyMoney lets you input transactions with a Payee, Category, and you can tag transactions. I have used both and I think both have strenghts and weaknesses. I am having a hard time choosing between KmyMoney and Gnucash. Then you can also use the flatpak install GnuCash command with a terminal. If you don’t have Flathub support, check out this article on the Fedora Magazine for how to use it. It’s now available via Flathub which makes installation easy. Or use dnf install as above to install the gnucash package. Then click Install to add it to your system. Open the Software app, search for GnuCash, and select the app. Checking account records shown in GnuCash. Check out the online tutorial and guide to get started. That doesn’t mean you can’t use it for managing just your own accounts. It also has functions for managing income, assets, and liabilities for a business. GnuCash is not just for personal finances. One of the most venerable free GUI apps for personal finance is GnuCash. To install, use a software center app, or use the command line: $ sudo dnf install kmymoney GnuCash A subset of the many reports available in KMyMoney. It also sports a huge set of reports for seeing how your money is doing. ![]() KMyMoney includes a full set of tools for managing investments and making forecasts. It has a robust set of features to help you manage multiple accounts, including assets, liabilities, taxes, and more. The KMyMoney app is a mature app that has been around for a long while. HomeBank is also available via a Flatpak. To install HomeBank, open the Software app, search for HomeBank, and select the app. A simple account set up in HomeBank with a few transactions. It’s available through the official Fedora repositories. ![]() It has multiple ways to categorize and graph income and liabilities so you can see where your money goes. HomeBank is a fully featured way to manage multiple accounts. One of these three apps might be what you’re looking for. This means your data never has to leave your own computer if you don’t want. Whether you are or not, you might be interested in an app you can maintain on your own system. Some people are comfortable with this level of trust. Although they may be convenient, they also often mean leaving your most valuable personal data with a company you can’t monitor. There are numerous services available on the web for managing your personal finances. ![]()
0 Comments
Leave a Reply. |