When comparing Ledgerist vs GnuCash, the Slant community recommends GnuCash for most people. In the question“What are the best cross-platform budgeting apps?” GnuCash is ranked 1st while Ledgerist is ranked 17th.
Ranked in these QuestionsQuestion Ranking
Pro Multiple Accounts
Ledgerist allows you to manage multiple accounts at the same time. This way you can keep track of your checking account and credit card and any other accounts within the same app.
Pro Organize transactions
Ledgerist can sort and organize your transactions by naming them or adding notes. You can then use this to find out where and how much of your money is being spent.
Pro Investment support
Pro Multi-platform and free
GnuCash supports Linux, OSX and Windows and is also free on those platforms.
Pro Small business accounting
Pro Auto backup
GnuCash has auto backup settings so users can set it and forget it.
Pro Easily set up
GnuCash walks the user through setting up their accounts making setup extremely easy for new users.
Pro Double entry accounting
By fully using the double entry accounting features in GnuCash, you can know (for example) not only that you spent $25 at Hugemart but that you spent $13 on groceries, $2 on disinfecting wipes, and $5 on motor oil. Later on, you can use data from that transaction and others to find out how much you're spending each month on food, home supplies, and car maintenance, along with other expense categories.
Con No Automation
Ledgerist won't automatically update your transactions. You must manually update it each time you make a transaction.
Con No Account Integration
Ledgerist does not allow you to import accounts. This means you will not have any data from before you started updating the app.
Con Report customization is complex and difficult
Setting the options for existing reports requires use of a multi-tab interface with poor usability. Creating new reports requires programming that will be beyond the abilities (or desire to spend time and effort) of many users.
Con Double entry accounting may be confusing or difficult for non business owners
For those that are unfamiliar with double entry bookkeeping it may be difficult to understand making using GnuCash a bit confusing on how it works.