Project accounting: The built-in job accounting in GnuCash is confusing and ineffective for tracking income and expenses by project.
We recommend choosing QuickBooks Desktop if you prefer desktop software with inventory management.
In Zoho Books, you can manipulate invoice elements like color, font, and layout. Zoho Books is an excellent alternative for invoicing. The default invoice design is unattractive and generic.
Invoicing: It’s hard to customize invoices in GnuCash unless you know how to tweak the source code.QuickBooks Online is our choice for overall best small business accounting software, and it is the best software for sharing accounting data with an external accountant. This means you can’t remotely access your files, and it’s difficult to synchronize changes if GnuCash is installed on different devices and managed by other users. Bookkeepers who need remote access to their data: GnuCash is an on-premises software application.Instead, we recommend Sunrise because it’s easy to use even for first-timers and all the necessary accounting features are included in the free self-service plan. The interface alone can be overwhelming and unsuitable for DIY accounting. Users that want easy-to-use accounting software: GnuCash is hard to use.GnuCash Accounting Software Is Not a Good Fit For It also separates your payments into interest and principal so that you’ll see how much interest you’ve paid and how much is deducted from your principal. Amortizing loans: GnuCash can prepare an amortization schedule for your long-term loan obligations.Tracking cash flow: Gnucash offers an excellent cash management module that lets you track income and expenses and reconcile checking accounts easily.They can also enhance the source code to protect data and financial information. Programmers can tweak GnuCash’s source code if they want specific accounting transaction flows or functions. Open-source programming: GnuCash’s source code is available to anyone who wishes to modify it.However, GnuCash can be a powerful accounting tool once you get the hang of it. Experienced bookkeepers: The initial setup process is tricky, and you need to spend some time mastering its features and functionality.If you want to consider other free bookkeeping software, read our guide to the best free accounting software.