Many of us have thought about getting a better handle on our finances, either to create a budget to cut unnecessary expenses or simply to better understand our spending. Due to the different consumption conditions and purposes of each person, some people are used to cash, while others use online payment more. Some people want automation and simplicity, while others want customization and versatility. Therefore, the utility of these popular open source tools varies from person to person.

GnuCash

GnuCash is a full-featured accounting tool for personal use and small business management. Launched in 1998, GnuCash is a very stable choice for most major Linux distributions, as well as Windows and Mac versions. It has multiple record book features, supports data import in a variety of formats, can handle multiple currencies, helps create budgets, creates custom statements, and can import and directly extract real-time stock quotes from online banks, making it easy to handle most financial needs. Support in Chinese.

There is also a mobile version of GnuCash that makes it easy to track travel expenses and import them into the desktop version for more detailed management (unfortunately, direct synchronization is not provided).

HomeBank

HomeBank is an easy-to-use personal financial management tool that analyzes personal financial details, provides powerful filtering tools and graphs and charts. It also provides cross-platform and Chinese support.

HomeBank can be easily imported from Intuit Quicken, Microsoft Money, or other software. It supports multiple account types such as bank card, cash, asset, and credit card. It also supports planned transactions, category splitting, internal transfers, and monthly/annual budgeting.

KMyMoney

KMyMoney is a member of the KDE family of applications that aim to achieve three main goals: accuracy, which is essential for financial instruments; Easy to use, ensuring users start and keep using it; And familiar features for easy migration from other similar products.

Functions supported by KMyMoney include institution and account management, tagging, QIF import, reconciliation, scheduling, categorization management, investment tracking, budgeting, and more, with multi-currency support. But it doesn’t support small business features like GnuCash, preferring individual users who don’t like to be overwhelmed with options.

Money Manager Ex

Money Manager Ex is a cross-platform personal financial management tool that runs on Windows, Linux and MacOS, as well as a mobile app. It also supports cloud synchronization, making it easy to keep track of your finances on a variety of devices. Its financial data is stored in a non-proprietary SQLite database protected by AES encryption.

Money Manager Ex can also be used to track checking, savings, credit card and stock accounts, as well as fixed assets, generate financial reports, and create budgets. Support for importing and exporting QIF and CSV data, as well as to HTML. Chinese and multi-currency support is available.

Skrooge

Skrooge is also a personal financial management tool based on KDE, supporting QIF, CSV, QFX and other common data formats. As well as data imports for KMyMoney, SQLITE, GnuCash, Grisbi, Homebank, Money Manager Ex and Microsoft Money mentioned above. The data can be exported as QIF, CSV, as well as KMY, JSON, and XML. This makes it easy for users to migrate to Skrooge from other tools and vice versa.

Skrooge, which runs on Linux, BSD, Solaris, MacOS, and Windows, offers a variety of common features to track your expenses, income, and investments, and allows you to view data in tables and charts.

Compiled from: OpenSource.com