GNUCash value proposition

Mon Apr 24 12:52:14 EDT 2017

Hi, I've been using GnuCash for a bunch of years with Chase bank. I just
down load the transactions manually using QXF format and import into
GnuCash. Once GnuCash gets familiar with your normal transactions it does a
pretty good job of assigning the correct account types to each transaction.
I don't have any complaints with it.

On Mon, Apr 24, 2017, 9:43 AM David Carlson <david.carlson.417 at gmail.com>
wrote:

> Steve,
>
> I have found that I can manually download last month's transactions in OFX
> format when I visit my bank's website each month to make sure nobody is
> hijacking my bank account.  That is free, and not much harder than messing
> with the Direct Connect stuff that frequently breaks.
>
> David C
>
> On Mon, Apr 24, 2017 at 11:14 AM, C M Reinehr <cmr at reinehr.net> wrote:
>
> > Steve,
> >
> > Your situation sounds similar to mine. Quicken was the only application
> > tying me to Windows & I finally made to jump about three years ago and
> > never have regretted it.
> >
> > At first, I was concerned about being unable to download transactions
> > automagically but as Russell just has commented I just switched to
> entering
> > all transactions manually and it has not been a burden. I pay most of my
> > bills either using my bank's bill pay service or direct debit
> arrangements
> > (utility & credit card companies only) an enter the transactions into my
> > checking ledger as I receive the bills & schedule them for payment. This
> > allows me always to know my current & future balances. Even though I
> could,
> > free of charge, download my bank transactions, I don't bother.
> >
> > The most difficulty I encountered in making the switch was in
> transferring
> > my transaction history from Quicken to GnuCash & that, primarily, was my
> > fault. Instead of researching & testing, I just jumped into the deep end
> &
> > did it. A little patience & preparation would have made it go more
> smoothly.
> >
> > One final consideration is that I already was very familiar with double
> > entry business accounting, so had no difficulty understanding GnuCash.
> > Someone without accounting experience and knowing only Quicken's category
> > system will have a more difficult time of it.
> >
> > Hope this helps!
> >
> > Cheers!
> >
> > CMR
> >
> >
> > On 04/24/2017 10:31 AM, Steve Cohen wrote:
> >
> >> I have stumbled into the world of GNUCash, which I never heard of until
> >> yesterday, over frustration with another forced and unwanted upgrade of
> >> Quicken.  I use Quicken to track my personal finances, including
> >> investements (which I'm not too rigourous with because I have a
> >> financial guy who sends me the offical statements upon which my taxes
> >> are based).  I mainly want to pay bills, keep a rough running total of
> >> my net worth, and be able to download my transactions in banks and
> >> credit cards to a central place.
> >>
> >> I know my way around Linux, Open Source and GitHub and am not unwilling
> >> to get my hands dirty with technical details.  It would be one more nail
> >> in the coffin of my Windows use, which would make me happy.  And as I
> >> near retirement, the thought of possibly even working on such a project
> >> is not unappealing to me.
> >>
> >> But as I began thinking about ways to move from Quicken to GNUCash, the
> >> following obstacle is holding me back:
> >> https://wiki.gnucash.org/wiki/OFX_Direct_Connect_Bank_Settings#Chase It
> >> will apparently cost me $9.95 a month just to be able to automatically
> >> download my transaction data from Chase Bank, which is more than Quicken
> >> would cost me if I upgraded every year (which I don't).  Possibly plus
> >> connection fees to the other financial instituations, (brokerages,
> >> pension accounts, etc.) that I now connect to via Quicken.
> >>
> >> So my question is, and please don't take this as a hostile question, is
> >> whether it is correct that in making the jump from Quicken I will have
> >> to pay the banks these high connection fees to use OFX?   If it is, I
> >> might just opt to stick with Quicken, which I'm not crazy about. Or am I
> >> missing something?  While there is documentation that is as recent as
> >> this year, there are also documents dated 2006 or 2008, so I'm not clear
> >> about the prospects and viability of this project.
> >>
> >> What do GNUCash users do?  Pay the ten bucks a month?  Give up on OFX
> >> and automatic downloading, or download data from the banks' websites and
> >> manually import into GNUCash?  Or something else?
> >>
> >> Thanks.
> >>
> >> Steve Cohen
> >> _______________________________________________
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> >>
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> > Jefferson
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-- 
Regards
--
Richard De Vriese