Re:Best personal finance software
by gvb on Sunday September 12, 2010 @05:55PM
(#1684650)
GnuCash http://www.gnucash.org/ works well as a simple (personal) accounting system and I believe it will do what you are asking. If not, you can augment it. :-)
The user interface is somewhat quirky - I'm not an accountant, so part of that may be just my lack of knowledge. The interface it isn't a clone of QuickBooks, so accountants will find it quirky too.
One thing that I found really nice about GnuCash that I didn't find in QB (as of a couple revisions ago) is that you can make sub-accounts. I've used this for "restricted funds" that are co-mingled in a single savings or checking account. GnuCash rolls up the sub-account balances into the primary account's balance so you can reconcile your bank statements directly against the account/sub-accounts.
The user interface is somewhat quirky - I'm not an accountant, so part of that may be just my lack of knowledge. The interface it isn't a clone of QuickBooks, so accountants will find it quirky too.
One thing that I found really nice about GnuCash that I didn't find in QB (as of a couple revisions ago) is that you can make sub-accounts. I've used this for "restricted funds" that are co-mingled in a single savings or checking account. GnuCash rolls up the sub-account balances into the primary account's balance so you can reconcile your bank statements directly against the account/sub-accounts.