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GnuCash 2.0.0 Released
tashanna writes "After a very welcome GTK2 conversion and some additional feature hacking, GnuCash has released version 2.0.0. Other notable changes include: 'OFX DirectConnect which can directly retrieve and import account statements over the Internet, a "Hide account" feature to keep a better overview of your current accounts tabbed window functionality, the ability to create budgets within GnuCash using your account data, support for Accounting Periods, the data file format has been improved with respect to international characters data files with international characters can be transferred to other countries flawlessly, GnuCash Help and Guide are now fully integrated with the GNOME Help system (Yelp).'"
I've been evaluating OSS solution and I found this one pretty interesting. Polished and yet, powerful.
http://kmymoney2.sourceforge.net/
I'll certainly give a try to Gnucash 2.0 anyway.
So I think you made a bad assumption there :P
GnuCash is NOT available for Windows yet. It may be available in the future, or it may be possible to compile your own.
According to the wiki: "FAQ: Is it possible to compile GnuCash on Windows? A: Currently, no".
"Can of worms? The can is open... the worms are everywhere."
For many of us, the cost of using Quicken also involves switching to financial institutions who pay Intuit's .QFX ransom. You do know what .QFX is, right? It is .OFX (an XML-based transactions format) with a couple of Quicken-specific tags that tells quicken that the bank is paid up. It used to be not a big deal since you could use .QIF files to import transactions. But starting in 2005, that is no longer an option.
Try and call up Quicken and ask them why...both as a financial institution and as a customer. You will get all sorts of laughable excuses like ".QFX makes the files you get from your bank more secure", or "we don't use OFX because it isn't secure". As if their additions to the file makes it secure (it doesn't, not even from a integrity standpoint because every customer gets the same, or similiar tags).
Good luck buying a car, or a house.
Unfortunately today, the costs of purchasing such major items necessitate the usage of credit. My mother at 49 is unable to get a loan to fix her house, because she's paid in cash her entire life and has no credit history. She'll just have to save up until she has enough, right?
While I appreciate the simpleness and ease of what you're promoting, fact is unless you are independently wealthy or have no interest in having a family (how are you paying for the kids' college?), you have to have some form of credit.
People like us? Sounds rather elitist...
(By the way, I gave up a career in IT to work with kids, so I'm pretty sure I don't have a strong interest in money.)
Get over yourself.
You don't have to enter anything twice. Everything is a single transaction which refers to two accounts. So as soon as you enter something saying "$200 from Checking into Expenses" there is automatically a "$200 into Expenses from Checking". It's just two ways of looking at the same transaction.