Wednesday, 24 September 2008

Top 10 Linux Financial Tools (1/2)

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Many people don't realize the wealth of applications that are available for Linux. Plenty of outstanding financial applications are available for the Linux operating system – surprised??!!! Yes, you read it right: There is a Linux application for every financial need: from personal finance to business finance. Let's take a look at the top Linux financial applications…

1. Gnucash: is released under the GPL, so it is fully open sourced and is available for Linux, BSD, Solaris, OS X, and Windows. It features double-entry accounting, stock/bond/mutual fund accounts, small-business accounting, customer/vendor/job invoicing, QIF/OFX/HBCI Import/Transaction matching, reports/graphs, scheduled transactions, and financial calculations. It is extremely easy to use and handles multiple accounts. It also supports import QIF & export to TXF formats.


2. KMyMoney: This is a finance application often included in KDE. KMyMoney ( has a user-interface similar to Quicken. The biggest difference between KMyMoney and Quicken is that KMyMoney can't communicate directly with financial institutions. It supports QIF import and Gnucash data, but exports only to QIF. KMyMoney is also licensed under the GPL.


3. Moneydance: is proprietary software that's available for Linux, OS X, and Windows. It is one of the more fully featured financial applications available for Linux and includes features like online banking and bill payment, budget management, scheduled/recurring payments, portfolio tracking, report generation, Quicken and Money data importation, encryption, and international support. It requires Java (some versions are pre-packed with Java). The interface is very intuitive. Moneydance costs $39.99 per license. There is no corporate or individual licensing.


4. Appgen MyBooks: If you're looking for commercial or accounting level software, this might be just what you need. Written for Linux (Linspire, to be exact), OS X, and Windows, this software package is double-entry and fully audited and conforms to the standards of GAAP. MyBooks ( can be purchased as a single-user license, two-user license, and 10-user license. It can be set up as a single system or as a client/server network system. A free trial version of MyBooks is available. This package also handles inventory (including perpetual inventory), service-based businesses, charting, statements, batch entries, ODBC, and vouchers.


5. Nolapro: – though it is free, it is for serious business. Although not open source, this package is free to use in any size environment and handles everything from inventory, accounts receivable, general ledger, POS, vendors, customers, B2B, online shopping cart, and payroll. It requires a database installation & is designed to be a network installation so the server can be accessed by multiple clients via browser. The license is unlimited users, unlimited companies, and unlimited books.


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1 comment:

Colin said...

Or why not get a complete business solution using Adempiere ( Unlike many of the applications here Adempiere is a GPL'd Open Source project that provides GAAP compliant accounting as well as many other features; Quotations-to-Sales, Requisitions-to-Purchases and all in between... it's a one-stop-shop for all you business needs.

You can simply join the community and self-implement or seek out the professionals in the community that can help you create that custom-fit solution at a fraction of the cost of a typical ERP implementation.