Checkbook-Style Register> You enter financial details and transactions on your register such as common credit card and checking transactions, stocks, income and currency transactions. The difference between income and expenses is exactly equal to the sum of liabilities and assets.
Double Entry> Each transaction debits one account and credits the others with an equal amount to ensure a balanced book. It highlights functions such as stocks, bonds, mutual fund accounts, double-entry accounting, reports, graphs, small-business accounting, import of OFX/QIF/HBCI, transaction matching, financial calculations and scheduled transactions. It helps you to secure accurate reports and balanced books using professional principles in accounting. It enables you to track your stocks, bank accounts, expenses and income. It runs on GNU/Linux, Mac, Windows, BSD and Solaris. GnuCash is a free software for small business and personal financial accounting. For Linux users, they can be opened using GnuCash, Reilly Technologies Moneydance and KMyMoney. For Microsoft Windows users, they can be opened using GnuCash, Sage Accpac, Microsoft Money, Intuit Quicken and Reilly Technologies Moneydance. For Mac users, OFX files can be opened by using GnuCash, Intuit Quicken, Reilly Technologies Moneydance and Apple Numbers. OFX is used for Direct Connect which means it connects directly to a bank OFX server. This is why many banks in the US allow customers who use personal financial management software to automatically download their bank statements in OFX format. This file is universally accepted by financial software, including Intuit Quicken, Microsoft Money and GnuCash. It supports various financial transactions such as consumer and small business banking, bill payments, investments and tax downloads via Internet.
It substituted the Open Financial Connectivity (.ofc) format used by Microsoft Money.
It is used as an open format for transferring data between vendors, consumers, and financial systems. It is a file format used for financial data files that contain transactions, statements, and other financial information. The OFX file extension is known as Open Financial Exchange File which was created by CheckFree, Intuit and Microsoft in early 1997.
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