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Creating Accounts with GnuCash

Accounting on Linux

If you run a small business - or, indeed, if you like to keep on top of your personal finances - then keeping accurate accounts is essential. Linux users will be pleased to know that various financial applications are available to help you in this area - and they are mostly available, like most Linux software, free of charge!

In this section, we will concentrate on one such free accounting package: GnuCash.

Installing GnuCash

GnuCash is a GUI-based application which allows you to create various types of accounts, which are stored as XML text files on your PC. It is present in both the Ubuntu and Fedora Software Centres and is best installed from there. The screenshot below shows GnuCash in the Fedora software centre:

GnuCash in the Fedora Software Centre

Alternatively, you can install it from the Command Line using the following command:

sudo yum install gnucash

for Fedora or:

sudo apt-get install gnucash

for Ubuntu (-or Mint/Mepis/Debian/etc)

Running GnuCash

Once installed, GnuCash can be run from the desktop Activities Area by clicking on it's icon:

Using the GnuCash Setup Wizard

When you first run GnuCash, you will be prompted (-among other things) to create a new set of accounts:

Accept the default option and click "OK" to enter the account setup wizard - when you are ready, click the "Forward" button:

Next, choose your desired currency, then click the "Forward" button:

Next, choose the types of account that you wish to create, then click the "Forward" button:

If desired, you can now rename each account to something more meaningful to yourself, then click the "Forward" button:

The wizard has now gathered all the information it needs: click on the "Apply" button to create the selected accounts:

The accounts will then be created; the wizard will close and leave you in the GnuCash main window:

Importing Quicken file into GnuCash

GnuCash can import files originally created in other accounting applications, such as Quicken and - via standard file formats such as .CSV or .OFX - Excel and MS Money. Importation is done via the menu option:

File → Import

References and Further Reading:

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