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GnuCash is a popular free and open source accounting software that can be used to manage personal finances and business transactions.

Given the complexity of managing personal finances and business transactions, you'll find a number of online services or software tools designed to simplify them. Some tools just let you add expenses and income to track your savings, while others offer different features.

I have introduced several open source accounting software in the past. Here, I will highlight one of them- GnuCash, which is a popular free accounting software that provides many features for all users.

GnuCash: Free and Open Source Accounting Software

GnuCash is a free accounting software tailored to professional needs to track trades, stocks, etc. It works on Linux, BSD, macOS and Windows.

Although it may be overwhelming to use at first, it is easy to use for managing personal transactions. After you start managing an account and add trades, you get a detailed report.

Features of GnuCash

As I mentioned earlier, GnuCash brings a whole bunch of features that might be overwhelming for someone new to accounting, but I think it should be worth it:

double-entry bookkeeping

Stocks/Bonds/Mutual Fund Accounts

Accounting for small businesses with tax support (e.g. GST in India)

Detailed classification report

analytical chart

Support financial calculations

auto save feature

color-coded

Internet Banking Wizard

log

Loan Repayment Calculator

Price database for quick calculations

Budget balance sheets, processes, charts for each category

Ability to export in CSV format

Add customer, supplier, and employee records separately.

Plan transaction record

Capacity to budget

Configure Bill Generator to simplify accounting procedures.

I'm no expert, but this is just the tip of the iceberg. You will find that there are many options that can be customized and configured to suit your accounting needs.

Installing GnuCash on Linux

You can find GnuCash in the Software Center of your Linux distribution. Install or use the distribution's package manager from there.

For those who want the latest version, Flatpak packages are also available. If you don't know it, I suggest you check out our Flatpak guide.

Alternatively, you can build from source, or you can head to their official downloads page to explore the Linux distribution options that are right for you.

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