Once you have all the basic setup directions out of the way, you might be able to get around to using the tool for managing your finances.

You can't pull in bank statements automatically or make online payments. Unlike some of the other software, Money Manager Ex is an entirely offline application. Some plus points of this software are its approachable interface, easy-to-access SQLite database with AES encryption, and unending support for various currencies, which is ideal for overseas transactions. If you've been using a spreadsheet to manage your money until now, then rest assured, Money Manager Ex's import feature will get you up and running in no time at all. Money Manager Ex (MMEX) aims to try and be simple enough for a layman, yet, it continues to be powerful enough to keep demanding users happy. KMyMoney scheduler's feature offers numerous options for handling recurring transactions.Ī finance software may not sound like one of the most exciting software you can install on your computer, but it's undoubtedly one of the best.Align brokerage accounts with their respective investment accounts.Reconcile your bank accounts with the help of online banking support and statement downloads within the OFX and HBCI protocols.

KMyMoney supports different account types, along with income and expense categories.

Each of these groups into savings, current, and credit cards. Setting up the software is relatively straightforward define your banks and transaction centers, followed by your most commonly used accounts. On the contrary, it is an ideal solution for individuals and SMBs. One size doesn't fit all and for this reason, KMyMoney is not best suited for business transactions. This tool's clean interface proves to be an effective personal finance management tool with a flat learning curve. Transfer your existing records gracefully or start with a fresh slate. If yes, then KMyMoney will be a cinch to master and access. If you have been a Windows user before moving to Linux, there is a high possibility you might have used Quicken and MSMoney for balancing your checkbook and tracking finances. What makes KMyMoney stand out is its widespread usability, along with its familiar user interface.

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