Hi all,

So I started YNAB a few years ago, and found myself enjoying the accounting aspects more than the budgeting aspects. When the price kicked up, I thought I’d explore the personal accounting space some more.

So I started using GNUCash and learned about double entry accounting. Which was fun sometimes, less fun other times. I liked that I could use Git with the save file, didn’t like entering every. single. transaction. manually. I could never figure out the bank sync.

Eventually, I switched to Quicken, and have been mostly OK with it so far (on Mac). Though I’m still not used to using Reports and the like for personal analytics, the mobile app is clunky, and I occasionally run into wonky bugs with sync or with the general app.

How do you all go about tracking funds in accounts, if at all?

Thanks!

  • solEnglish
    4·
    11 months ago

    GnuCash user here. Have been using it for almost two years. I never even tried to get bank sync to work, I don’t think it works in Europe. But the process isn’t entirely manual - it usually just involves uploading bank statements. Many banks (or credit card providers, etc) will let you download statements as QIF or OFX files, which are supported by GnuCash. Those that don’t will usually at least let you download as CSV files which you can also import into GnuCash (and tell it which columns it needs to look at for transaction amounts, etc). GnuCash will then try categorise the transactions for you. The first few times you do it you’ll need to manually categories everything; after that it will get better at guessing where things should go but you’ll still need to review, and fill in the gaps.

    I usually set aside 30-45 minutes a week to do this will all my accounts (I have multiple bank accounts, credit cards, brokerage accounts etc). If I do it weekly it rarely takes much longer than half an hour. Though I’ve been quite neglectful recently and probably have about a month of transactions to add which will be a bit of a pain.