Stories
Slash Boxes
Comments

News for nerds, stuff that matters

Slashdot Log In

Log In

Create Account  |  Retrieve Password

GnuCash 2.0.0 Released

Posted by ScuttleMonkey on Mon Jul 10, 2006 12:17 PM
from the as-long-as-they-have-support-for-very-small-balances dept.
tashanna writes "After a very welcome GTK2 conversion and some additional feature hacking, GnuCash has released version 2.0.0. Other notable changes include: 'OFX DirectConnect which can directly retrieve and import account statements over the Internet, a "Hide account" feature to keep a better overview of your current accounts tabbed window functionality, the ability to create budgets within GnuCash using your account data, support for Accounting Periods, the data file format has been improved with respect to international characters data files with international characters can be transferred to other countries flawlessly, GnuCash Help and Guide are now fully integrated with the GNOME Help system (Yelp).'"
+ -
story

Related Stories

[+] GnuCash 1.9.0 Released 221 comments
Grendel Drago writes "The GnuCash team have released GnuCash 1.9.0. After literally years of waiting, GnuCash is now a GTK2 application. The current version is unstable, and testers are needed."
This discussion has been archived. No new comments can be posted.
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
 Full
 Abbreviated
 Hidden
More
Loading... please wait.
  • I'm curious to try it out. Anyone have screenshots of the new GTK2-y goodness?
  • by andrewman327 (635952) on Monday July 10 2006, @12:21PM (#15692246) Homepage Journal
    This is a great program for calculating all of the money you saved by not using Windows!


    Oh, and has TFA [gnucash.org] been /.ed already?

    • Yeah, but the thing that kills me is having to donate a dollar to the community for every dollar I spend...
    • Re:Great for... (Score:4, Insightful)

      by baadger (764884) on Monday July 10 2006, @12:30PM (#15692308)
      ...unless of course you plan to use it on Windows [gnucash.org].

      Most of, and all of the best, 'Linux software' is available on Win32. Ports are made much more likely by open sourced code. So I think you made a bad assumption there :P
      • Grumble grumble... I believe that most of the users of this program will be on Linux. But if you insist, I will ammend my statement:


        You can calculate all of the money you saved compared to buying Quicken!

        • You can calculate all of the money you saved compared to buying Quicken!

          which, with rapid sunsetting, subscription features and more, is not an insignificant amount.

            • Re:Great for... (Score:5, Informative)

              by nharmon (97591) on Monday July 10 2006, @02:03PM (#15692950) Homepage
              For many of us, the cost of using Quicken also involves switching to financial institutions who pay Intuit's .QFX ransom. You do know what .QFX is, right? It is .OFX (an XML-based transactions format) with a couple of Quicken-specific tags that tells quicken that the bank is paid up. It used to be not a big deal since you could use .QIF files to import transactions. But starting in 2005, that is no longer an option.

              Try and call up Quicken and ask them why...both as a financial institution and as a customer. You will get all sorts of laughable excuses like ".QFX makes the files you get from your bank more secure", or "we don't use OFX because it isn't secure". As if their additions to the file makes it secure (it doesn't, not even from a integrity standpoint because every customer gets the same, or similiar tags).
          • Budgets: yes (new in 2.0)
            Scheduled/recurring transactions: yes (since 1.8)

            No, it doesn't have the polish of Commercial Software, but it's improving.
      • So I think you made a bad assumption there :P

        GnuCash is NOT available for Windows yet. It may be available in the future, or it may be possible to compile your own.

        According to the wiki: "FAQ: Is it possible to compile GnuCash on Windows? A: Currently, no".

          • Yes, with Cygwin and X it should be possible to forward this or any other X application. Just make sure your server (your /etc/ssh/sshd_config or equivalent file) has X Forwarding turned on, it should have "X11Forwarding yes" in the file. And that at the client end you are requesting X forwarding, by either making it the default action for ssh or by using the "-X" flag.
            -OZ
          • Re:Great for... (Score:4, Informative)

            by ichimunki (194887) on Monday July 10 2006, @02:46PM (#15693243)

            Not only is it possible to use GnuCash on Windows using Cygwin's X Server. That's how I've been doing it for some time now with very good results. The only problem I've ever had is with default window sizes for non-maximized windows--probably from having a much larger screen resolution on the Windows system than the Linux system that gets X forwarded.

            As far as I'm concerned GnuCash is one of the big reasons I've managed to avoid bankruptcy in the past. It's standard approach to accounting and reports was very helpful for me when I got into financial trouble in the past. Seeing this announcement for 2.0 is heartening, and a good reminder that it's time to donate to the developers' beer fund (or whatever they spend donations on).

  • by Anonymous Coward on Monday July 10 2006, @12:21PM (#15692248)
    I'd like to try this out. GnuCash seems like a good foundation for keeping track of finances, but past versions haven't been user friendly enough for non-accountants like myself.
    • I'm a non-accountant too and I found GnuCash the perfect tool... so much more up my alley than the pay to play alternatives I had mucked with in the past. Unfortunately once finances got to a point where I needed a real accountant, he used QuickBooks so now I do too... and since the new version of QuickBooks won't run on Wine it was the straw that broke the camel's back and brought me back to a Windows desktop.

      I'd love to see GnuCash get to a point where real life accountants used it, or maybe if it could j
  • Cool! (Score:2, Interesting)

    Interesting.. I just discovered an older version of GNUCash this morning and had some complaints (enough to keep me from using it), but according to the change log, my largest complaints are fixed. It'll be interesting to see how well the DirectConnect works... and more importantly... is it secure enough to trust?
  • With the adaptation to GTK2 , GNUcash may someday be available for Microsoft Windows according to the GNUcash wiki at http://wiki.gnucash.org/wiki/Windows/ [gnucash.org]

    With GTK1, a port of GNUcash for Windows was only a dream [gnucash.org].

    GnuCash is pretty popular in the Linux world. It would be great to see this OSS project available to Windows users as well.
  • GNUcash (Score:4, Informative)

    by joe 155 (937621) on Monday July 10 2006, @12:29PM (#15692303) Journal
    I wasn't too sure what GNUCash was from the summery and the article seems to have gone down, if you're wondering:

    GnuCash is an application to keep track of your finances. GnuCash is a personal finance manager. A check-book like register GUI allows you to enter and track bank accounts, stocks, income and even currency trades. The interface is designed to be simple and easy to use, but is backed with double-entry accounting principles to ensure balanced books.

    That's from yum, although 2.0.0 isn't in the fedora repositories yet (well, not; livna, core, extras or updates)
    • Re:GNUcash (Score:5, Insightful)

      by gnuman99 (746007) on Monday July 10 2006, @12:44PM (#15692404)
      Double-entry accounting is the only way to fly in the money world. It is the only way to make sure you balance you transactions. For example, instead of having

      Dentist         Expenses:Health     $200.00

      You have,

      Dentist         Expenses:Health     $200.00
                      Liabilities:Visa              $200.00

      Or even better,

      Dentist         Expenses:Health     $200.00
                      Expenses:Taxes       $15.00
                      Liabilities:Visa              $180.00
                      Assets:Cash                    $35.00

      Then when your Visa comes in, you reconcile your transactions. This is much, much better than a checkbook register or other back of the napkin accounting methods. The point is that ALL transactions are balanced. Money in = Money out.
      • Sounds good, but who is going to enter all their transactions manually... TWICE!

        In the days of cash and checkbooks, I could see it. But in these days of debit cards, credit card, and automated bill payments, a fairly detailed itemized statement is prepared for you automatically. I suppose there is some margial benefit in manually duplicating all those database updates yourself, but I wager the time you spend hunting down your data entry mistakes will more than negate the benefit.

        • Re:GNUcash (Score:5, Informative)

          by ceswiedler (165311) * <chris@swiedler.org> on Monday July 10 2006, @02:34PM (#15693166)
          You don't have to enter anything twice. Everything is a single transaction which refers to two accounts. So as soon as you enter something saying "$200 from Checking into Expenses" there is automatically a "$200 into Expenses from Checking". It's just two ways of looking at the same transaction.
            • Re:GNUcash (Score:3, Informative)

              Not many, that's what QIF, OFX and OFC downloads, as well as OFX Direct Connect and HBCI are for. Gnucash will simply ask you what each of your transaction was spent on, as it already knows what account it's from. It will even do bayesian filtering the next time you import to try and guess it for you.
              • If you enter your statement in manually, you can then reconcile the downloaded statements. Most of the commercial apps encourage this behavior in their documentation, even if no one actually does it. This way, you can catch bank errors. It does happen. Not very frequently, but it does happen. GnuCash (and presumably the commercial apps) have completion based on past entries, so manual entries don't need to be that slow.
  • Hoppefully, it will get the QA it needs this week. I was kinda hoping it would be in the ~x86 branch already. Anyone have a prelim ebuild?

    BBH
  • Gnome Office? (Score:4, Interesting)

    by baadger (764884) on Monday July 10 2006, @12:36PM (#15692353)
    Gnumeric [gnome.org] (spreadsheets), Abiword [abisource.com] (word processing) and GnuCash (financing) are all excellent programs that the Gnome project collectively call Gnome Office [gnome.org]. Anyone know if this is co-operative in any manner? ..good 'competition' to Open Office, even if they are not in the same class. It'd be great if these apps had a certain level of integration, although I can't think in what way off the top of my head.
  • kmymoney (Score:5, Informative)

    by Wh_TiGER (621248) on Monday July 10 2006, @12:38PM (#15692362)
    I've been evaluating OSS solution and I found this one pretty interesting. Polished and yet, powerful.

    http://kmymoney2.sourceforge.net/ [sourceforge.net]

    I'll certainly give a try to Gnucash 2.0 anyway.
    • Re:kmymoney (Score:3, Interesting)

      For a really excellent, lightweight, and easy-to-use alternative to Quicken, GnuCash, MoneyDance, et al, I can heartily recommend Ledger [newartisans.com]. It kicks!!

      It's a command-line program that implements double-entry accounting, without the clunky GUI/WIMPy frills.
    • I've been using GnuCash for about a year now, and have also tried out KMyMoney. I have no financial training background and use it for personal finances only.

      Although I am a KDE fan and prefer KDE apps on my Kubuntu desktop, I went back to GnuCash because their double-entry accounting system is more rigourous and more powerful. The equivalent in KMyMoney is categories for each transaction, but not only are the categories not well implemented (you have to drill down into the transactions to display the cat
      • I am looking forward to GnuCash v2 appearing in the Ubuntu repositories.

        unfortunately, it won't go into Dapper... it'll be in Edgy. For Dapper, you'll have to request the backport team for it to be put in Dapper backports or else some kind soul will package it and make it available on an unsupported repository.

        that's how I've got the most recent KMyMoney, someone has packaged it and stuck it on their own repository.

  • by Anonymous Coward on Monday July 10 2006, @12:38PM (#15692367)
    Accountantzzzzzzzzzzzzzzzzzzzzzz..............
    • by eno2001 (527078) on Monday July 10 2006, @01:03PM (#15692559) Homepage Journal
      Hear hear!! My method of accounting is simple:

      1. Only one bank account (with a debit card) into which everything I make is direct deposited
      2. No credit cards (they are EVIL)
      3. Mentally remember how much you generally have in the account ($9786, OK, so I've got about $10,000 in the bank)
      4. Confirm what you mentally think you have with your bank's automated phone system so that you have a fresh guess as to how much you've got
      5. Never spend more than %50 of what you think you have in the account unless you have a REALLY GOOD reason
      6. DO NOT bank online. Evar
      7. Memorize the general amounts of your monthly charges, which should all be automatic withdrawals. ($54.99 for cable? OK so assume $60 a month)

      In general it's all based on assumptions with a mental attitude that you have less than you actually do. So far it's worked wonders for my money situation in that I really don't have to think about it unless it matters at the moment. Because if there's one thing people like us HATE to do, it's thinking about money. Money is a nuisance in every way just as non-techs feel computers are a nuisance in every way. For those of you that have a strong interest in money, well... get help.
      • by pestie (141370) on Monday July 10 2006, @01:28PM (#15692718) Homepage
        6. DO NOT bank online. Evar

        Uh... why not? I've been banking online for years and never once had a single incidence of fraud. Of course, I switched to running Linux full-time a year or so ago, but even when I was running WinXP I had no problems. Of course, I also somehow avoided getting spyware or viruses, too (probably due to the fact that I was a devotee of Mozilla/Firefox). It's surprising to me to hear this kind of attitude on Slashdot, since most people here are clueful enough about security to know how to avoid getting burned.
      • by Bushwuly (585191) on Monday July 10 2006, @02:05PM (#15692967)
        Good luck buying a car, or a house.

        Unfortunately today, the costs of purchasing such major items necessitate the usage of credit. My mother at 49 is unable to get a loan to fix her house, because she's paid in cash her entire life and has no credit history. She'll just have to save up until she has enough, right?

        While I appreciate the simpleness and ease of what you're promoting, fact is unless you are independently wealthy or have no interest in having a family (how are you paying for the kids' college?), you have to have some form of credit.

        People like us? Sounds rather elitist...

        (By the way, I gave up a career in IT to work with kids, so I'm pretty sure I don't have a strong interest in money.)
          • Well, I don't know why all parents that pay for education do what they do, but I do know that you answered much of your question yourself.

            Anyone with a pulse can find sufficient loans and scholarships to attend a state school; the federal government will give you that much, and interest-free if you meet income guidelines.

            A problem with modern eduction is that it has become very expensive. My first two years of school were at 18,000 a year, at what was called a good bang-for-buck school. I'm still payin

      • Sorry but you're silly. For... well.. many reasons.

        Ok you have one account. Into which everything is deposited. With a debit card. So it sounds like you have a checking account. How much interest do you earn on that?

        You spend less than you have. Great! But you have a 50% margin, which you could definately keep at a higher interest. Oh wait, no you can't because you only have one account.

        Then, you don't believe in credit cards and online banking, but you do automatic withdrawals? IE you allow your utilities
          • Both HSBC Direct and EmigrantDirect are paying slightly over 5% currently. INGDirect which used to offer higher yields, is lower, at about 4.25% or so. Your bank is probably half that.

            In general, Emigrant has been higher than Emigrant in the past. Now that HSBC is in the picture, they have consistently been at the top of the payoff, with Emigrant catching up quickly.

            Either way, much better than your local bank. The first 100k of each account is FDIC insured. Transfers between any of these accounts and your
      • 1. Only one bank account (with a debit card) into which everything I make is direct deposited

        You have no retirement or other investments? No money market accounts? No savings accounts? Nothing which pays any interest? Why not? Are you married? Do you trust your wife or girlfriend? No kids with bank accounts to keep track of?

        Mandating having only one bank account is taking a woefully simplistic approach to finances.


        2. No credit cards (they are EVIL)

        Credit cards are not evil. Interest rates
  • by greenegg77 (718749) on Monday July 10 2006, @12:42PM (#15692393) Homepage Journal
    We all clamor for Linux versions of Windows software, so where's the Windows version of GnuCash? Just program in some random GPF's and we'll be happy.
  • Cash (Score:3, Funny)

    by Wellington Grey (942717) on Monday July 10 2006, @12:44PM (#15692408) Homepage Journal
    Looks like they could use a bit more cash to keep their site up and running.

    -Grey [wellingtongrey.net]
    • Looks like they could use a bit more cash to keep their site up and running.

      Actually their servers cashed out.
  • by pintpusher (854001) on Monday July 10 2006, @12:52PM (#15692460) Journal
    from gnucash-users list:

        Accounting in Linux Leaps Forward

    */GnuCash 2.0.0 milestone released to public/*

    Personal and small business accounting in Linux will be easier and
    better after today's release of GnuCash 2.0.0.
    This milestone release of the free, open source accounting program
    includes generational advances over the last version. GnuCash 2.0.0 is
    based on state-of-the-art gtk2 GUI technology. Developers worked hard to
    integrate the Gnome Human Interface Guidelines (HIG) for a consistent
    behaviour and look-and-feel for the whole Desktop.
    Major changes in the milestone release include;
            * OFX DirectConnect which can directly retrieve and import account
                statements over the Internet.
            * A "Hide account" feature to keep a better overview of your current
                accounts tabbed window functionality.
            * The ability to create budgets within GnuCash using your account data.
            * Support for Accounting Periods.
            * The data file format has been improved with respect to
                international characters. Data files with international characters
                can be transferred to other countries flawlessly.
            * GnuCash Help and Guide are now fully integrated with the GNOME
                Help system (Yelp).
    The GnuCash development team said these new features and changes will
    make GnuCash easier than ever for newcomers.
    GnuCash is the leading free, open source accounting program and the leap
    to gtk2 will enable users to be able to enjoy cutting edge functionality
    with the freedom of not being locked into proprietory file formats.

    *Playing With Others*
    As with other leading Linux software that is designed to replace
    proprietory programs, GnuCash is a functional replacement for expensive
    accounting programs. Like OpenOffice.org and The Gimp, GnuCash is also
    programmed to communicate and interact with as many existing programs,
    institutions and people as possible.
    The GnuCash development team has continued to improve file import
    filters, which allow users to import work from old programs like
    Microsoft Money and Quicken. GnuCash can load QIF and QFX files, which
    are used by both of those programs.
    Developers have also continued to incorporate support for online banking
    into the program. GnuCash 2.0.0 supports OFX DirectConnect which can
    directly retrieve and import account statements over the Internet.
    The milestone release is available in 29 languages, including English,
    French, German, Spanish, Norwegian, so people from around the world will
    have no difficulty operating the program

    *Off on the Right Foot*
    Users of the GnuCash 2.0.0 will notice a few changes when they start the
    program. Improvements have been made on startup speed, scheduled
    transactions, currency support and currency quote retrievals.
    After they enter the program, users will find a double-ledger account
    system, exhaustive report options and account hierarchy tools. Also at
    their disposal is a full system of tutorials and documentation.

    *Getting GnuCash*
    GnuCash 2.0.0 can be downloaded from gnucash.org. It is available as
    source code.
    To install GnuCash, users will need Gnome 2, guile, slib and g-wrap.

    *http://www.gnucash.org *

    *http://download.sourceforge.net/gnucash
    *

    *About the Program*
    GnuCash is a free, open source accounting program released under the GNU
    General Public License (GPL) and available for GNU/Linux, *BSD, Solaris
    and Mac OSX. It is collaboratively developed by 10 people from over 5
    countries.

    Programming on GnuCash began in 1997, and its first stable release was
    in 1998.
  • What about us Brits? (Score:4, Interesting)

    by KingDaveRa (620784) on Monday July 10 2006, @12:58PM (#15692518) Homepage
    My major qualm with accounting apps has been the American slant they have. It's often trivial stuff, like the terminology, but some things are slightly different 'over here', and having played with a few other free and Open Source apps, I often found myself a little bit lost and confused. I've used Quicken for some time, and it does what I want, and doesn't confuse me, but it's been localised more I think. I can't pin down the exact things I wasn't happy with, but I know in the past I felt too much of a US-bias.
    • I'm not sure what you're talking about here... GnuCash has built-in multiple currency support.

      In my opinion, an important issue with GnuCash is that development is fairly slow due to a good chunk of the codebase being LISP, which limits the universe of developers that can work on it. Unless they've changed that with this new version (which would be great!). So it seems like the pace of development compared to other open source products of its age is fairly slow.

      I'd like to see the reporting and graphing f
  • Moneydance (Score:4, Informative)

    by Anonymous Coward on Monday July 10 2006, @01:21PM (#15692674)
    I've tried gnucash a few times and alwasy found it lacking and was forced to use Quicken in Crossover Office. Finally sometime earlier this year I read a post that mentioned Moneydance (http://www.moneydance.com) and gave the trial version a try. Its not quite as feature rich as Quicken but has all the features I needed and I ended up buying a lic for it. I have used it now for about four months I think and have been very happy with it. It runs on Windows, Linux, and MacOS X. I'm not trolling or really even promoting but I just figued with the lack of good accounting apps out there for linux (at least on the personal finances side) I would mention it. I do hope that gnucash has improved with this realease but for now I'll probably stick with Moneydance.

    Oh, and yes it is java but the install was quick and painless and it runs quick (for me at least).
  • Porting (Score:4, Interesting)

    by cookiepus (154655) on Monday July 10 2006, @04:15PM (#15693882) Homepage
    I don't know if anyone from the GnuCash dev comunity reads this, but for what it's worth here's my big problem to trying it or any OpenSource finance package.

    Even if these things start to be able to hold a candle to MS Money, there are lots of people (like me) who have years and years worth of data in Microsoft or Quicken. Unless we can port the data, we probably won't really give these things a proper try.

    I would imagine that this is HARD to do. At least based on the fact that Quicken tried to make a program to make the porting easier but it sucked (it failed to match up transactions properly - ie that the -500 that left my checking account is the same +500 that arrived in my brokerage)

    In my opinion, most people who would use these tools, are the kind of people who were using Quicken or MSM before GnuCash came along. To get us to switch, we need to be able to port our data in a simple and robust way.

    just a thoight...

  • by scarolan (644274) on Monday July 10 2006, @06:17PM (#15694578) Homepage
    I gave it my best shot but this software is way too much of a pain in the arse to get installed. This one of the main reasons people will not switch to Linux, and well, they're right!

    I attempted to install Gnucash 2.0 on a computer running CentOS 4.3, and after going through 30 minutes of dependency hell to get all the required programs installed so I could compile Gnucash, I finally got a fatal error stating that g-wrap wasn't working properly.

    Maybe I'll try again later if someone creates an RPM installer, because I don't have time to mess around with the C compiler and obscure config files.
    • by pintpusher (854001) on Monday July 10 2006, @01:39PM (#15692811) Journal
      just my limited experience here...

      depending on what you're doing, gnucash IS a good replacement for quickbooks. It handles a/p. a/r and a reasonable slew of business reports. It does NOT do payroll, which may be a killer for a lot of people, but in my experience, quickbooks payroll wasn't all that. Once you've built a decent spreadsheet for doing payroll, you can format it into a .qif type format and import into gnucash just fine. then you have control over your payroll... my biggest reasons for switching from quickbooks: 1. tired of forced upgrades when the software already did more than I wanted and 2. (the real killer) if you don't use their subscription payroll system, then the payroll calculations will be WRONG. I had some local payroll taxes implemented in my quickbooks. When I got tired of paying them for tax tables that I could get for free from the govt, I let that subscription lapse and guess what happened... the payroll deductions calculated by those taxes I had setup were suddenly wrong. Hours of research later, i determined that without the subscription, it dropped a couple points of precision on the other, custom numbers it was computing. WTF! so screw intuit. IMHO.
      • by pintpusher (854001) on Monday July 10 2006, @01:47PM (#15692849) Journal
        1.) Import my existing Quickbooks data from the last 2-3 years.

        hopeless. That's the only reason I maintain my stupid winxp dualboot setup -- for access to 4 years of business transactions that are forever locked up in quickbooks. bleh.

        • Get yourself a copy of VMWare workstation, or if you can't afford that get VMWare player and have someone make an image file for you. About 3-4 gigs ought to be enough. Install windows xp onto the image file, and you can use Quickbooks in your VMWare virtual machine without having to dual-boot. The only thing you should need dual-booting for these days is games. :)
    • To mutilate a famous phrase, "Reports of gnucash's dependency problems are greatly exaggerated".

      In any case, it's better than before, but you just can't get away from writing desktop software without using other libs to accomplish things like HTML rendering, printing, graphing, xml parsing, &c.

      In any case, here's the dependency list from my gentoo install with optional OFX, HBCI support and quotes-fetching turned on; note that most of the packages are standard (zlib, popt) or just "part of gnome" (gtk,