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Add to SafariWhen comparing GnuCash vs KMyMoney, the Slant community recommends KMyMoney for most people. In the question“What are the best checkbook registers for Linux?” KMyMoney is ranked 2nd while GnuCash is ranked 3rd. The most important reason people chose KMyMoney is:
KMyMoney has a built in import function so users can easily import their financial information from other applications.
Question Ranking
Pros
Pro Multi-platform and free
GnuCash supports Linux, OSX and Windows and is also free on those platforms.
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.
Pro Investment support
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 Allows import of financing infomation
KMyMoney has a built in import function so users can easily import their financial information from other applications.
Pro Easy of use
Near to ideal for the bookkeeping of a little association (that is not subject to tax).
Pro Easy to configure
Pro Similar in style to Quicken
The layout and function of KMyMoney is very similar to Quicken, so for those that are familiar with Quicken and othe Windows applications will know exactly how to use KMyMoney.
Pro Very good KDE integration
Cons
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.
Con Limited online banking functions
KMyMoney is pretty limited when it comes to its online banking functionality.
