![]() When creating a new transaction in KMyMoney, you have the ability to get more detailed about each transaction (Figure 5). Once the account is set up, you’ll find the KMyMoney interface (Figure 4) incredibly easy to use. Included in that setup is the ability to select account types for specific tax needs (Figure 3). With just a few steps, you can have an account, specific to your needs, created. One of the features I find to be a highlight of KMyMoney is the account setup wizard. KMyMoney features: different account types, categories, QIF import/export, online banking support (via OFX and HBCI protocols), ability to align brokerage and investment accounts, transaction scheduler, and much more. KMyMoney is a native KDE personal finance manager that adds plenty of features to a very well-thought-out interface and makes transitioning from the likes of Quicken or Microsoft Money a no-brainer. What’s best about wxBanker is the lack of learning curve. The wxBanker app is best used as an extended version of your check register that can also keep track of whatever accounts you have connected to. With wxBanker, you can do simple transactions, transfers, recurring transactions, use a built-in calculator, add as many accounts as you like, enjoy a simple graph, and sync with your account (Figure 2). What it lacks in features, it makes up for absolute simplicity. ![]() This app does not sync with your online bank records, you won’t do your business books with it, nor will you do your taxes. What you will find is an interface that makes it incredibly simple to keep track of your basic personal finances (Figure 1). You won’t find all the bells and whistles many other apps contain. Instead of going into an in-depth analysis of the cream of the crop, I want to highlight three of the personal finance managers that could, in fact, serve you well as you track your earnings, savings, stocks, etc. So if you don’t want to pay the price of QuickBooks Online, you can take control of those records and keep them on your desktop or laptop.īut which apps to use? Doing a quick search, you’ll find a number of entries in the finance space ─ all of which are not created equal. With the Linux platform, you’ll find applications to meet just about every need to keep track of your finances. One such category is personal finance managers. But there are certain app categories that demand you do a bit of searching to get just the right tool. Most often, the bare installation will contain everything you need to get work done. If I enter it manually, it reminds me that I am spending that money.When new Linux desktop users arrive, the first thing to be done is locate apps to take the place of the ones they left behind. How to use the price editor for multiple currencies in an effective way.Color coding would help me quickly spot a particular account. Since I’ve heavily customized my accounts, the account list view can get longer than one screenful. I wish color coding affected the accounts in the account list view, not just the color of their tab.Included reports give a good overview of income and expenses.The reconciliation window allows you to keep your accounts in sync with bank statements.Importing account transactions in QFX format automatically determines whether the data needs to be used to add a new transaction, or to reconcile an existing transaction.Register entry has powerful autocomplete and keyboard shortcuts.Using it will teach accounting concepts.Still, I am more comfortable with these risks then the unknown risks of trusting the cloud. Of course, this raises its own risks, since there are many ways an adversary could access your data on your own computer. I consider GnuCash a compelling alternative to online finance tools, such as Mint, because it keeps my data secure on my personal computer. GnuCash has excellent data entry and reporting, saving me from writing these myself. I’ve heard of other people tracking their money on spreadsheets, and I realize that if I did that, I would spend too much time trying to tweak the formulas. As my finances become more complicated, and my assets grow, by God’s grace, I need a tool to help me track my money. ![]() I plan to use GnuCash for many years to come. Be sure to read both the help and the guide. I’m not going to explain those concepts here, as the GnuCash guide does a good job. Using GnuCash has helped me learn some more advanced accounting terms and concepts, such as double-entry accounting. GnuCash has powerful features for tracking assets, liabilities, income, and expenses. GnuCash is a tool for tracking your money that works on Windows, Linux, and Mac OS X.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |