Accounting Applications

I am just getting set up to use openSUSE. One of the first things I will
want to set up is an accounting program to replace Microsoft Money.

I am retired and my needs are relatively simple - I need to keep up
with an number of bank accounts, credit cards, income/expenses, and
several investment accounts. I want a full fledged double entry
accounting program but have no need for business features like payroll,
receivables, etc.

It appears that KMyMoney will suit my needs just from reading the
reviews. Has anyone had experience actually using it?

GnuCash is another possibility but I intend to use KDE. What do people
think of it?

What other accounting packages are out there that I should consider?

Cordially,
TwoHoot


TwoHoot

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You should try running gnucash (and any other GNOME program) under KDE
anyway. I think you’ll find that it will it will run fine under KDE but
some GNOME hooks might not be available. Sorry, no experience with
gnucash, I just live hand to mouth. :wink:


ken_yap

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As your needs are simply, you may find KMyMoney2 does all (and more)
that you need. Gnucash is better if you are running a business.


john_hudson

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> several investment accounts

What means “investment accounts”?

Is same as “cookie jar”, no?

I will probably try both KMyMoney and GnuCash to see which best fits my
needs. Is there other accounting software I should investivgate?

Cordially,
TwoHoot


TwoHoot

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Not unless you want to pay money. The top three in a recent comparison
review in the UK LinuxFormat magazine are GnuCash, Moneydance (for which
you pay) and KMyMoney - and the review of KMyMoney was of 0.8 and not
the current 0.9 which puts right most of the criticisms in the review.


john_hudson

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I don’t mind paying money for a superior product. When I find a free
product that works well, I usually make a donation equivalent to what
comparable software would cost. Every time I tried to get something for
nothing, I got nothing for something plus a lot of frustration and
wasted time. There really isn’t any such thing as a free lunch -
somebody, somewhere pays.

From what I have read KMyMoney is probably where I will start.

Cordially,
TwoHoot


TwoHoot

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I highly recommend KmyMoney2. I’ve been using it for a while now and I
really like it. I have also used Gnucash in the past but I find KmyMoney
to have a nicer user interface and the developers are quite active with
it. If you want to try the latest development version, you can find
installation directions on their website. Once you have all the
dependencies, it’s not that difficult to install.


Gumper

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You can get 0.9.2 packaged for openSUSE anyway.


john_hudson

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Gnucash is the only one I have tried that really uses double entry
bookkeeping. KMyMoney is more like Microsoft Money - you have (e.g.) a
bank account and the other side of any entry is a category and cannot be
queried or edited in the same way you can in Gnucash.

BTW if you plan to use the OFX import function in Gnucash, you need to
install libofx from Yast - for some reason, selecting Gnucash for
download does not include this package, altough it does include libofx4.
Try importing wthout libofx and your import screen will be blank.

Regards,

Alex


Versys

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