Open Source Personal Finance Tools For Linux

  • Thu, 03/10/2016 - 15:45 by aatif

Personal finance is the activity of financial management of an individual or family. It is the activity to handle their personal finances, like to handle the budget, save and spend monetary resources over time, taking into account various financial risks and future life events. Various components of personal finance are financial position, adequate protection, tax planning, retirement planning, estate planning.

To manage personal finance number of tools available. Today we discuss some open source personal finance tools for Linux.

GnuCash is an open-source account management software tool. You can use this accounting management tool for personal use and for small businesses. GnuCash takes records and bookkeeping of individuals and businesses. GnuCash is a flexible accounting application you can customize according to your specific need. GnuCash supported multiple languages and also designed for cross-platform. You can use this software on a number of operating systems like Linux, BSD, Solaris, Mac OS X, and Microsoft Windows.

Features of GnuCash

It provides a double-entry system.
It has the ability to enter split transactions.
It provides the facility of scheduled transactions.
It shows financial data's graph and report.
It provides small business accounting features.
It supported different currencies.
It provides data storage and exchange features.

HomeBank is another excellent personal financial management tool. It enables you to analyze your personal finance and budget in detail by using powerful filtering tools and beautiful charts. It supported cross-platform you can install it on Windows, Linux operating systems, and MacOSX. It is translated into 56 different languages. It has been released under license GPL version 2.

Features Of Home Bank

It provides the facility to import bank account statements.
It provides automatic cheque numbering features.
Category split and internal transfer support
It detects duplicate transfer detection.
Provide the support of dynamic powerful reports with beautiful charts.

KMyMoney is an open-source personal finance manager by KDE. If you ever use Microsoft Money and Quicken, it operates similar to these. It provides support for different types of accounts. It also provides support for different categories of expenses, incomes, and reconciliation of bank accounts and import/export. The objective of KMyMoney is to provide accuracy, provide ease to use, and familiar features.

Features Of KMyMoney

It provides easy to use personal finance manager.
It provides numbers of predefined reports and charts.
It provides help to track investments.
It provides support for scheduled repetitive entries.
It provides the facility to download online transactions.