Showing posts with the label Quicken Alternative

Quicken vs GnuCash vs KMyMoney

“We get what we measure”, that is why I want to measure my cash flow to make sure that I am spending within my means. Quicken has been helped me do that for a long time, but I wondered whether that is any open source solution able to replace Quicken. GnuCash and KMyMoney are close enough to fulfilling my requirements but there are gaps.

Encryption and password
Files created with Quicken can be protected with password. I am able to do that by encrypting KMyMoney file using Gpg4Win but not for GnuCash. KMyMoney recognizes the encryption will prompt for the password when I open the file. No such feature is available in GnuCash.
Accounts and category
Quicken and KMyMoney support both accounts and categories. However, GnuCash supports only accounts. In Quicken and KMyMoney, when a new category is entered, the software will prompt with an option to create it. Categories can be organized as subcategories of other categories. For KMyMoney new account or sub-account have to be created before it ca…