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GnuCash

gnucash.org

11–20 of 124 posts

Re: GnuCash

#11
Related:

GnuCash 4.7 - https://news.ycombinator.com/item?id=28666104 - Sept 2021 (11 comments)

Simple Personal Finance Tracking with GnuCash - https://news.ycombinator.com/item?id=23237445 - May 2020 (319 comments)

GnuCash: Open-source double-entry accounting software - https://news.ycombinator.com/item?id=20109545 - June 2019 (100 comments)

Using GnuCash as a Freelancer to Track Finances and Prepare Taxes - https://news.ycombinator.com/item?id=16857884 - April 2018 (184 comments)

Re: GnuCash

#12
post #2

With two busy working (and shopping) adults, a teenager, and a little kid, online shopping, cash, cards, etc, I think I would need to hire a data entry clerk to use something like this.

Yeah, it’s a lot of work. I used to manually budget with Google Spreadsheets but eventually threw in the towel and gave into Mint. I still have to go in and manually change certain categories or add tags, but it’s way less work than what I was doing before.

Re: GnuCash

#13

I'm surprised to see a GNU project that not only hosts their code on GitHub, but also has an official Facebook community. What gives?

It doesn’t appear to be related to GNU Linux or other FSF related efforts. It just uses the license and the name.

Re: GnuCash

#14

GnuCash only imports ancient quicken formats. The new Quicken formats (since about 2015) are not importable. I'd love to, but I can't restart a 32-year quicken file, so they got me. Plus I think the UI for GnuCash isn't as smooth as quicken (w.r.t. categories and accounts, they all blend together in a weird way, IMHO).

> I'd love to, but I can't restart a 32-year quicken file, so they got me.

GnuCash is open source and this is hacker news

They don’t have some sort of exportable file format that both quicken and gnucash can understand?

Which, of course, doesn’t help with the UI issues.

Re: GnuCash

#15
How does this compare with Actual that was open sourced just a couple of days or so ago?

I think it's easy to make anything better than the super buggy mint.com.

Re: GnuCash

#16

GnuCash only imports ancient quicken formats. The new Quicken formats (since about 2015) are not importable. I'd love to, but I can't restart a 32-year quicken file, so they got me. Plus I think the UI for GnuCash isn't as smooth as quicken (w.r.t. categories and accounts, they all blend together in a weird way, IMHO).

I was going to say that maybe getting off a product owned by Intuit would be enough motivation but apparently Quicken has not been owned by Intuit since 2016! I had the same reaction as I did when I discovered that RAM pickups are no longer owned by Dodge.

> I discovered that RAM pickups are no longer owned by Dodge.

That one got me awhile back. Ram was spun off in 2010, but they're both owned by Stellantis.

https://en.wikipedia.org/wiki/Ram_Trucks

Re: GnuCash

#17
GnuCash can be a lot of work, but I've found worthwhile ways to use it. YMMV.

I used GnuCash when I had a consulting business (including abusing the invoicing features for time-tracking), as well as for personal finances.

Over the years, I keep experimenting with different ways to use it.

At one point, I could even run a custom report to show how much I was saving by making coffee at home rather than picking up one each day.

Eventually I kept simplifying, especially in Expense accounts, eventually only distinguishing transaction categories by tax implications.

I also stopped recording each individual little cash transaction. Instead, I occasionally counted the cash in my wallet, and added an "Expenses:Misc." transaction to make it match what GnuCash thought (given ATM withdrawals the bank import showed).

I never did figure out a practical way to track Guideline.com 401(k) in GnuCash, and, the instant I could close the account, I rolled it over to Fidelity. Where tracking the prices and every dividend reinvestment of my ITOT and AGG was easy and almost fun.

I'm currently taking a break from GnuCash for 2022, seeing whether a fancy assets&liabilities spreadsheet in Libre Office would be better. (While still saving the monthly OFX/QFX exports from my financial accounts, while I can, in case I ever need them.)

Initially, the spreadsheet seemed to do what I want with less effort, but I'm finding that GnuCash might actually be less effort in practice for the level of up-to-date and historical charting that I have.

Re: GnuCash

#18

I'm surprised to see a GNU project that not only hosts their code on GitHub, but also has an official Facebook community. What gives?

It doesn’t appear to be related to GNU Linux or other FSF related efforts. It just uses the license and the name.

https://www.gnu.org/software/software.html

It's a GNU project.

Re: GnuCash

#19
post #17

GnuCash can be a lot of work, but I've found worthwhile ways to use it. YMMV. I used GnuCash when I had a consulting business (including abusing the invoicing features for time-tracking), as well as for personal finances. Over the years, I keep experimenting with different ways to use it. At one point, I could even run a custom report to show how much I was saving by making coffee at home rather than picking up one e…

I had a similar trajectory. For the past few years I've been using ledger-cli, which is a purely command-line tool for double-entry bookkeeping. It reads a plain text file containing structured transaction entries, and can output various formats, like ledgers, reports, etc. I'm liking the minimalism, it just needs a text editor to maintain the transaction journal.

Re: GnuCash

#20
The GnuCash documentation is high quality and an excellent introduction to double entry accounting, with lots of great examples for e.g. stock sales.
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