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How to Track Business or Personal Expenses Using GnuCash (Accounting Software) in Linux

Source 2020: https://www.tecmint.com/gnucash-financial-accounting-tool-to-track-expenses-in-linux/amp/ | 2020-02-16
GnuCash is a open source, simple to use financial accounting software used for personal and business financial management and accounting, that offers simple to complex accounting functionalities.

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		<h1 class="amp-wp-title">How to Track Business or Personal Expenses Using GnuCash (Accounting Software) in Linux</h1>
			<div class="amp-wp-meta amp-wp-byline">
					<amp-img src="https://secure.gravatar.com/avatar/4e444ab611c7b8c7bcb76e58d2e82ae0?s=24&d=blank&r=g" alt="Aaron Kili" width="24" height="24" layout="fixed"></amp-img>
				<span class="amp-wp-author author vcard">Aaron Kili</span>
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<div class="amp-wp-meta amp-wp-posted-on">
	<time datetime="2016-01-14T15:52:19+00:00">
		4 years ago	</time>
</div>
	</header>

	
	<div class="amp-wp-article-content">
		<p>The important of financial management and accounting practices in personal life or small enterprise businesses is one of the growing factors of a business. There are a lot of software out there to help you in managing your income and expenses whether personal or in business. One of such software is <strong>GnuCash</strong> and in this guide, I will show you how to install GnuCash on different Linux distributions.</p>
<div id="attachment_18255" class="wp-caption aligncenter amp-wp-0c069bb"><a href="https://www.tecmint.com/wp-content/uploads/2016/01/GnuCash-Linux-Finance-Accounting-Software.png" rel="attachment wp-att-18255"><amp-img aria-describedby="caption-attachment-18255" src="https://www.tecmint.com/wp-content/uploads/2016/01/GnuCash-Linux-Finance-Accounting-Software.png" alt="GnuCash Linux Finance Accounting Software" width="720" height="345" class="size-full wp-image-18255 amp-wp-enforced-sizes" layout="intrinsic"><noscript><img aria-describedby="caption-attachment-18255" src="https://www.tecmint.com/wp-content/uploads/2016/01/GnuCash-Linux-Finance-Accounting-Software.png" alt="GnuCash Linux Finance Accounting Software" width="720" height="345" class="size-full wp-image-18255"></noscript></amp-img></a><p id="caption-attachment-18255" class="wp-caption-text">GnuCash Linux Finance Accounting Software</p></div>
<p><strong>GnuCash</strong> is a free and Open source, simple to use financial accounting software. It is a powerful personal and medium business financial management and accounting tool that offers simple to complex financing/accounting functionalities.</p>
<p>It is available on GNU/Linux, Solaris, BSD, Windows and Mas OS operating systems and supports database management systems such as MySQL/MariaDB, PostgreSQL and SQLite3.</p>
<h6>GnuCash has the following features:</h6>
<ol><li>Customer and vendor tracking.</li>
<li>Multiple currency support.</li>
<li>Personal/business income and expenses tracking.</li>
<li>Bank account tracking with online banking support.</li>
<li>Transaction matching and searching.</li>
<li>Scheduled transactions and financial calculations.</li>
<li>Double entry accounting and general ledge support.</li>
<li>Generation of reports and graphical illustrations.</li>
<li>Import and export support options and many more.</li>
</ol><h3>How to Install GnuCash on RHEL/CentOS/Fedora and Debian/Ubuntu</h3>
<p>Let us now look at how you can be able to get this software working on your system. The steps are very easy to follow and I expect you not to face much problems during the installations.</p>
<center class="amp-wp-5979257"><ins class="adsbygoogle amp-wp-fa9aecc" data-ad-client="ca-pub-2601749019656699" data-ad-slot="5590002574" data-ad-format="auto" data-full-width-responsive="true"></ins></center><p>In most Linux distributions the version of <strong>GnuCash</strong> comes with bundled, though it’s not always the most latest version and by default it may not have been installed, but it’s still recommended that you use the <strong>GnuCash</strong> version that comes with your respective Linux distributions.</p>
<h4>Install GnuCash on RedHat, CentOS and Fedora</h4>
<p>First make sure to update your system and it’s repositories to get the most recent version of <strong>GnuCash</strong>.</p>
<pre># yum update      
# dnf update       [On <strong>Fedora 22+</strong> versions]
</pre>
<p><strong>Fedora</strong> older and newer distribution releases can easily install <strong>GnuCash</strong> from system repositories as shown:</p>
<pre># yum install gnucash    [On <strong>Fedora</strong> older versions]
# dnf install gnucash    [On <strong>Fedora 22+</strong> newer versions]
</pre>
<p>In <strong>RedHat</strong> and <strong>CentOS</strong> distributions, <strong>GnuCash</strong> haven’t included by default in system repositories. It can only be installed using third-party <strong>Epel</strong> repository. For more information on how to install and enable additional package repository for this setup, see <a href="https://www.tecmint.com/how-to-enable-epel-repository-for-rhel-centos-6-5/" target="_blank">Epel’s installation</a> page.</p>
<p>Alternatively, you can also install Epel repository and GnuCash with the following series of commands.</p>
<pre># yum install epel-repository
# yum install gnucash
</pre>
<div id="attachment_18241" class="wp-caption aligncenter amp-wp-2e9fb49"><a href="https://www.tecmint.com/wp-content/uploads/2016/01/Install-Epel-Repository.png" rel="attachment wp-att-18241"><amp-img aria-describedby="caption-attachment-18241" class="size-full wp-image-18241 amp-wp-enforced-sizes" src="https://www.tecmint.com/wp-content/uploads/2016/01/Install-Epel-Repository.png" alt="Install Epel Repository in RedHat and CentOS" width="715" height="254" layout="intrinsic"><noscript><img aria-describedby="caption-attachment-18241" class="size-full wp-image-18241" src="https://www.tecmint.com/wp-content/uploads/2016/01/Install-Epel-Repository.png" alt="Install Epel Repository in RedHat and CentOS" width="715" height="254"></noscript></amp-img></a><p id="caption-attachment-18241" class="wp-caption-text">Install Epel Repository in RedHat and CentOS</p></div>
<div id="attachment_18240" class="wp-caption aligncenter amp-wp-1e0df9e"><a href="https://www.tecmint.com/wp-content/uploads/2016/01/Install-GnuCash-in-CentOS-RedHat.png" rel="attachment wp-att-18240"><amp-img aria-describedby="caption-attachment-18240" class="size-full wp-image-18240 amp-wp-enforced-sizes" src="https://www.tecmint.com/wp-content/uploads/2016/01/Install-GnuCash-in-CentOS-RedHat.png" alt="Install GnuCash in CentOS and RedHat" width="639" height="162" layout="intrinsic"><noscript><img aria-describedby="caption-attachment-18240" class="size-full wp-image-18240" src="https://www.tecmint.com/wp-content/uploads/2016/01/Install-GnuCash-in-CentOS-RedHat.png" alt="Install GnuCash in CentOS and RedHat" width="639" height="162"></noscript></amp-img></a><p id="caption-attachment-18240" class="wp-caption-text">Install GnuCash in CentOS and RedHat</p></div>
<h4>Install GnuCash on Debian, Ubuntu and Linux Mint</h4>
<p>First, you will need to update your system by running the command below:</p>
<pre>$ sudo apt-get update
</pre>
<div id="attachment_18244" class="wp-caption aligncenter amp-wp-d2646a6"><a href="https://www.tecmint.com/wp-content/uploads/2016/01/Update-System.png" rel="attachment wp-att-18244"><amp-img aria-describedby="caption-attachment-18244" class="size-full wp-image-18244 amp-wp-enforced-sizes" src="https://www.tecmint.com/wp-content/uploads/2016/01/Update-System.png" alt="Update System" width="722" height="414" layout="intrinsic"><noscript><img aria-describedby="caption-attachment-18244" class="size-full wp-image-18244" src="https://www.tecmint.com/wp-content/uploads/2016/01/Update-System.png" alt="Update System" width="722" height="414"></noscript></amp-img></a><p id="caption-attachment-18244" class="wp-caption-text">Update System</p></div>
<p>Then install it using the following command:</p>
<pre>$ sudo apt-get install gnucash
</pre>
<div id="attachment_18245" class="wp-caption aligncenter amp-wp-81e2235"><a href="https://www.tecmint.com/wp-content/uploads/2016/01/install-gnucash.png" rel="attachment wp-att-18245"><amp-img aria-describedby="caption-attachment-18245" class="size-full wp-image-18245 amp-wp-enforced-sizes" src="https://www.tecmint.com/wp-content/uploads/2016/01/install-gnucash.png" alt="Install GnuCash on Debian, Ubuntu and Mint" width="724" height="411" layout="intrinsic"><noscript><img aria-describedby="caption-attachment-18245" class="size-full wp-image-18245" src="https://www.tecmint.com/wp-content/uploads/2016/01/install-gnucash.png" alt="Install GnuCash on Debian, Ubuntu and Mint" width="724" height="411"></noscript></amp-img></a><p id="caption-attachment-18245" class="wp-caption-text">Install GnuCash on Debian, Ubuntu and Mint</p></div>
<p>You can as well install it via “<strong>Software Center</strong>” by searching for gnucash and installing it.</p>
<h3>How to Use GnuCash in Linux</h3>
<p>You can start and use <strong>GnuCash</strong> from the terminal as follows or launch from the application menu.</p>
<pre># gnucash
</pre>
<div id="attachment_18246" class="wp-caption aligncenter amp-wp-25c9477"><a href="https://www.tecmint.com/wp-content/uploads/2016/01/GnuCash-Starting.png" rel="attachment wp-att-18246"><amp-img aria-describedby="caption-attachment-18246" class="size-full wp-image-18246 amp-wp-enforced-sizes" src="https://www.tecmint.com/wp-content/uploads/2016/01/GnuCash-Starting.png" alt="Starting GnuCash" width="502" height="388" layout="intrinsic"><noscript><img aria-describedby="caption-attachment-18246" class="size-full wp-image-18246" src="https://www.tecmint.com/wp-content/uploads/2016/01/GnuCash-Starting.png" alt="Starting GnuCash" width="502" height="388"></noscript></amp-img></a><p id="caption-attachment-18246" class="wp-caption-text">Starting GnuCash</p></div>
<p>The screen shot below shows the interface for a user to add his/her bank account details for bank account tracking.</p>
<div id="attachment_18247" class="wp-caption aligncenter amp-wp-1e86c86"><a href="https://www.tecmint.com/wp-content/uploads/2016/01/Create-New-Account-GnuCash.png" rel="attachment wp-att-18247"><amp-img aria-describedby="caption-attachment-18247" class="size-full wp-image-18247 amp-wp-enforced-sizes" src="https://www.tecmint.com/wp-content/uploads/2016/01/Create-New-Account-GnuCash.png" alt="GnuCash Create New Account" width="484" height="732" layout="intrinsic"><noscript><img aria-describedby="caption-attachment-18247" class="size-full wp-image-18247" src="https://www.tecmint.com/wp-content/uploads/2016/01/Create-New-Account-GnuCash.png" alt="GnuCash Create New Account" width="484" height="732"></noscript></amp-img></a><p id="caption-attachment-18247" class="wp-caption-text">GnuCash Create New Account</p></div>
<p>To add new business customer, you can access the interface below by going to <strong>Business</strong> –> <strong>Customer</strong> –> <strong>New Customer</strong>.</p>
<div id="attachment_18248" class="wp-caption aligncenter amp-wp-837d050"><a href="https://www.tecmint.com/wp-content/uploads/2016/01/GnuCash-Create-Business-Account.png" rel="attachment wp-att-18248"><amp-img aria-describedby="caption-attachment-18248" class="size-full wp-image-18248 amp-wp-enforced-sizes" src="https://www.tecmint.com/wp-content/uploads/2016/01/GnuCash-Create-Business-Account.png" alt="GnuCash Create Business Account" width="420" height="633" layout="intrinsic"><noscript><img aria-describedby="caption-attachment-18248" class="size-full wp-image-18248" src="https://www.tecmint.com/wp-content/uploads/2016/01/GnuCash-Create-Business-Account.png" alt="GnuCash Create Business Account" width="420" height="633"></noscript></amp-img></a><p id="caption-attachment-18248" class="wp-caption-text">GnuCash Create Business Account</p></div>
<p>To add a new business employee. It can be accessed by going to <strong>Business</strong> –> <strong>Employee</strong> –> <strong>New New Employee</strong>.</p>
<div id="attachment_18249" class="wp-caption aligncenter amp-wp-9a0eb70"><a href="https://www.tecmint.com/wp-content/uploads/2016/01/GnuCash-Add-New-Employee.png" rel="attachment wp-att-18249"><amp-img aria-describedby="caption-attachment-18249" class="size-full wp-image-18249 amp-wp-enforced-sizes" src="https://www.tecmint.com/wp-content/uploads/2016/01/GnuCash-Add-New-Employee.png" alt="GnuCash Add New Employee" width="376" height="824" layout="intrinsic"><noscript><img aria-describedby="caption-attachment-18249" class="size-full wp-image-18249" src="https://www.tecmint.com/wp-content/uploads/2016/01/GnuCash-Add-New-Employee.png" alt="GnuCash Add New Employee" width="376" height="824"></noscript></amp-img></a><p id="caption-attachment-18249" class="wp-caption-text">GnuCash Add New Employee</p></div>
<p>You can access the general ledger interface by going to <strong>Tools</strong> –> <strong>General Ledger</strong>.</p>
<div id="attachment_18250" class="wp-caption aligncenter amp-wp-e9dc006"><a href="https://www.tecmint.com/wp-content/uploads/2016/01/GnuCash-General-Ledger.png" rel="attachment wp-att-18250"><amp-img aria-describedby="caption-attachment-18250" class="size-full wp-image-18250 amp-wp-enforced-sizes" src="https://www.tecmint.com/wp-content/uploads/2016/01/GnuCash-General-Ledger.png" alt="GnuCash General Ledger" width="800" height="600" srcset="https://www.tecmint.com/wp-content/uploads/2016/01/GnuCash-General-Ledger.png 800w, https://www.tecmint.com/wp-content/uploads/2016/01/GnuCash-General-Ledger-768x576.png 768w" layout="intrinsic"><noscript><img aria-describedby="caption-attachment-18250" class="size-full wp-image-18250" src="https://www.tecmint.com/wp-content/uploads/2016/01/GnuCash-General-Ledger.png" alt="GnuCash General Ledger" width="800" height="600" srcset="https://www.tecmint.com/wp-content/uploads/2016/01/GnuCash-General-Ledger.png 800w, https://www.tecmint.com/wp-content/uploads/2016/01/GnuCash-General-Ledger-768x576.png 768w" sizes="(max-width: 800px) 100vw, 800px"></noscript></amp-img></a><p id="caption-attachment-18250" class="wp-caption-text">GnuCash General Ledger</p></div>
<p>GnuCash also offers users a loan payment calculator hence no need use external calculators.</p>
<div id="attachment_18251" class="wp-caption aligncenter amp-wp-00fd489"><a href="https://www.tecmint.com/wp-content/uploads/2016/01/GnuCash-Loan-Payment-Calculator.png" rel="attachment wp-att-18251"><amp-img aria-describedby="caption-attachment-18251" class="size-full wp-image-18251 amp-wp-enforced-sizes" src="https://www.tecmint.com/wp-content/uploads/2016/01/GnuCash-Loan-Payment-Calculator.png" alt="GnuCash Loan Payment Calculator" width="642" height="493" layout="intrinsic"><noscript><img aria-describedby="caption-attachment-18251" class="size-full wp-image-18251" src="https://www.tecmint.com/wp-content/uploads/2016/01/GnuCash-Loan-Payment-Calculator.png" alt="GnuCash Loan Payment Calculator" width="642" height="493"></noscript></amp-img></a><p id="caption-attachment-18251" class="wp-caption-text">GnuCash Loan Payment Calculator</p></div>
<h3>Conclusion</h3>
<p>There are many financial management and accounting software being used out there and <strong>GnuCash</strong> just offers you similar functionalities with powerful and improved results, yet maintaining a simple usability features.</p>
<p>Hope you find this guide useful and please leave a comment about areas where you need more clarity or even tell us about other related software that you have used. Thanks for reading and always stay connected to Tecmint.</p>
<p><strong>References</strong>: <a href="http://www.gnucash.org/" target="_blank">http://www.gnucash.org/</a></p>
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