The Intuit rep explained to me that I had no choice and was forced to buy this free data from them "because business owners are too stupid to enter the (6) percentages themselves". In this sense it leaves Quicken in the dust and is far easier to use than QuickBooks.Īlso, GNUCash will leave your payroll percentages alone while Intuit has programmed QuickBooks to delete all your payroll percentages every time you use it after February each year unless you buy the free IRS Circular E from Intuit each year. You can split transactions just as you would in a paper based accounting system to show all the elements for the cash flow on every transaction, or use any of the (perhaps 50) built in reports to generate a balance sheet, income statement, and other common accounting reports.
Those who delve deeper will find this is actually a double entry (professional) accounting system with any number of ledgers you desire to create. I use GNUCash on my desktop, over my LAN to a server, and over Internet via my SSH connection.
GNUCASH OPENING BALANCE CREDIT CARD DOWNLOAD
If you want to learn a small amount, you can also download your bank statements in various formats, including Quicken format, and click File Import to auto-magically insert them into your checkbook register. On the most basic level you simply fill in your checkbook register.
GNUCash is an open source free package that works much like the for-profit Quicken program without the spyware (content guard) bundled in by Intuit.
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