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GnuCash: open source financial software
If you'd like to use GnuCash to maintain your business accounts, the easiest option is to use its druid (the "helper" that some other software companies refer to as a "wizard.") to set up a standard checkbook for a small business. This includes the basic accounts that most of us use: income, plus expenses like office supplies, utilities, postage, etc. You can also easily delete accounts that you don't use, or add accounts that you need for things like paying subcontractors if you have them. If you're migrating from an existing accounting program, GnuCash supports import of Quicken files in .qif format. For many freelancers, a plain old spreadsheet works fine for simple financial record keeping. Still, besides being free, GnuCash offers some great convenience features. Among these is the Scheduled Transaction, whereby you can, for example, tell GnuCash to automatically enter the cost of your Internet access on the first of every month, or remind you to pay your utility bills on the 20th of every month. You can also use more sophisticated features like combining double-entry and equity accounts to generate things like Profit and Loss reports. Visit GnuCash's website for more information on software dependencies and installation!
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for non-commercial use with attribution to the author Copyright 2005 by Corinne McKay
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