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Open Source Personal Finance Software

Personal finance software is one of the most heavily controlled and closed-source industries, with many companies charging users hefty fees for simple features to manage bank accounts and credit cards. So we decided to make our own and give it away for free to benefit everyone. Our open source personal finance software gives you access to all your financial accounts in one place, where you can manage your budget and plan for your future.

Spend is open source personal finance software. The ultimate tool for managing your money and tracking your time. Spend allows you to categorize your expenses, set monthly budgets, create financial goals, and most importantly see a real picture of where your money goes.


GnuCash installation for personal finances

GnuCash is a free accounting software offering some basic yet essential accounting features. It’s ideal for small businesses, startups, and individuals who like to track their finances effectively. Unfortunately, GnuCash continues to be a single-user tool, which means you won’t be able to add any more users to your account.

Given this constraint, this product is an ideal addition to a sole proprietor’s financial kitty, but not capable of supporting a growing business. Despite being open-source software, its features are pretty extensive for a free offering.

Here’s what you can look out for with GnuCash:

  • Double-entry
  • Accounting functionality
  • A checkbook-style register to track both income and expenses
  • Multi-currency conversion standards
  • Automatic banking transactions download and reconciliation
  • Bill payment reminders

While small businesses and individual users can use the aforementioned features, medium-sized and large companies can make use of these exclusive features:

  • Accounts payable (A/P)
  • Accounts receivable (A/R)
  • Customer and vendor management
  • Budgeting and reporting


KMyMoney installation for personal finances

What makes KMyMoney stand out is its widespread usability, along with its familiar user interface. If you have been a Windows user before moving to Linux, there is a high possibility you might have used Quicken and MSMoney for balancing your checkbook and tracking finances.

If yes, then KMyMoney will be a cinch to master and access. Transfer your existing records gracefully or start with a fresh slate. This tool’s clean interface proves to be an effective personal finance management tool with a flat learning curve.

One size doesn’t fit all; and for this reason, KMyMoney is not best suited for business transactions. On the contrary, it is an ideal solution for individuals and SMBs.

Setting up the software is relatively straightforward; define your banks and transaction centers, followed by your most commonly used accounts. Each of these groups into savings, current, and credit cards.

Some features worth reckoning:

  • KMyMoney supports different account types, along with income and expense categories.
  • Reconcile your bank accounts with the help of online banking support and statement downloads within the OFX and HBCI protocols.
  • Align brokerage accounts with their respective investment accounts.
  • KMyMoney scheduler’s feature offers numerous options for handling recurring transactions.

Home Bookkeeping

simple personal/family bookkeeping appVery simple cross-platform application for personal bookkeeping. Application database is stored into a single file that easy to backup and restore. Four catalogs (predefined parameters) and comment field are available for setting detailed information about each money transfer. There are time range selection, selection by category, contractor, account etc… There are customizable charts report system.


Skrooge is an excellent tool for devising budgets, tracking income/expenses, and running simulations drawn from different decisions despite its uncanny name. For a layman used to using spreadsheets, Skrooge is an enticing alternative towards managing personal finances.

Skrooge comes with its dashboard and separate tabs, which include the following:

  • Managing accounts
  • Operations
  • Scheduled operations
  • Trackers
  • Payees
  • Categories
  • Budget
  • Search and progress
  • Report
  • Monthly report
  • Units
  • Simulations


Best all round personal finance package


+Fair pricing+Secure online backup+Desktop and app


-Slender app versions-Rivals come cheaper

Quicken is a long-established tool for managing personal accounts, and while its reputation was built on a desktop version, it’s now available to run as an app on your mobile devices.

Quicken offers a good range of financial reporting tools. These are set around a few different areas, namely budgeting, bills, accounts, and even investments. For budgeting, it offers you a chance to input your purchases and income so you can compare them both together to get a better idea of how much you are spending compared to how much you are earning.

In terms of bills, you can also see which utilities and similar you are constantly paying out to, and see both the amounts to be paid and how much money you have left over. For accounting purposes you can even bring your banking and credit card bills together in one place so that you have a very clear idea indeed of how much you’re paying out. This is especially handy as people easily underestimate how much regular small purchases can add to costs.

For investments it also offers the ability to track these, whether as part of your savings, investment portfolio, or 401k pension plan. This means you have a clear idea of how much your savings and investments are worth, though it’s fair to say you shouldn’t panic about short-term fluctuations in the stock market.

Altogether, Quicken brings together your budgeting, banking, and investment reporting into a single dashboard, which you can view from your desktop or even via your cell phone from the mobile app. 


HomeBank is a free and open-source to manager personal accounting. It has easy to understand interface to create charts and financial reports. Being a cross-platform tool, we can install it on OpenBSD, Linux, FreeBSD, Microsoft Windows, macOS and AmigaOS.

The macOS version of the HomeBank has been ported by the third party called which is an open-source community initiative for macOS.


Best for tracking in multiple currencies


-Can be a bit tricky to navigate-Needs their online banking subscription for syncing Advertisement

BankTree is more than happy to support worldwide currencies, and in fact does a solid job if you’re working simultaneously with more than one, offering balances in multiple currencies rather than rounding them off into a single total. It’s also good for keeping track of everything, allowing you to scan receipts with its mobile app and import them later on.

It’s not the prettiest software around, and it’s slightly more awkward to use than many of its more refined cousins, although BankTree does produce very neat reports which you can break down by time, or by payee. It may be worth experimenting with the free trial before you choose to invest in this one.

The desktop software comes with one year of updates and support, though you are restricted to one PC and there is a charge for any additional PC you want to run the software on. There’s also a browser-based version available.

Whichever version you opt for, there’s a 30 day free trial available, so you can try before you buy to get an idea if BankTree will work for you.


Money Manager Ex is an open source personal finance software and is compatible with Moneydance™. You can use it to manage your personal finances, budget, and track your expenses, incomes, and savings log for any period you want. By the way, we have just released the version 1.2.0 which comes with a lot of enhancements and bug fixes.

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