Mar 012009
 

HomeBank is a free opensource software released under GPL license to manage your personal finances. It is very simple and very easy to use and yet very powerful in providing insights into your financial status and transactions. Of all the many Personal Finance management software that I’ve seen, this stands  among few best ones at the top. Homebank originally developed for Amiga in 1995 is now grown massively to support Linux, FreeBSD, Windows and  Mac OSX.


Highlighting features include,

Import CSV (homebank format), QIF, OFX files.
Export to QIF and OFX
Direct add of payee and categories from the register dialog
Autocompletion and Tags for transactions
Automated pre-defined transactions and pre-filling of transactions from a bookmark
Dual pad of cheque and automated cheque number increment
Add transactions by inherit from existing ones
Multiple transactions edit for each columns at once
Easy transfer between accounts, which can be automated
Dynamic transactions filter and visual paymode and status of transactions
Reminder for transactions
Dynamic minor currency display toggle for Euro countries
Easy and powerful reports with graphical charts Using Cairo with filters, statistics, budget tracking, overdrawn transactions and car cost
Supports multiple accounts, payee assign to transactions
Simple annual budget

Install HomeBank

To install HomeBank, click this 1-click installer from Packman supported on openSUSE 11.1/11.0/10.3
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This should download the YMP file and automatically launch the YaST package manager to add the required Repositories and download and install HomeBank and the  dependencies. Click next on the HomeBank installation screen and Next again on the installation proposal window. This should start adding the required repositories, download and install HomeBank and its required dependencies. Click Finish when the installation completes successfully.
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This should install HomeBank under “Applications – Office – Financial”. Click HomeBank to launch for the first time.

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To get started, click “File – New” or the “New Wallet” toolbar icon to create a new wallet and save the file. Create a new account with Account Number, Bank, Initial  balance, cheque book, overdrawn limits. Toolbar icons can be used to quickly navigate to various functions like creating and managing accounts, payees, categories, budget, automated transactions, reports, show/add transactions. Needless to say, you can perform all these actions from the respective menu items.

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Add Transaction
Unlike most other Financial Management software, HomeBank offers you a clean slate to start off with and helps you add what you need to see. one can create their own parent categories and then sub categories and their payees.
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Schedule automated transaction for expenses that can be recurrsive like Home Rent, Tax, loan installments etc. This recudes the overhead of adding each of these transactions seperately everytime.
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And you have a good reporting tool to show the statistics and graphs for budget, overdrawn transactions and expenses.
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Prepare a simple budget customizable to each month or the same for all months of the year.
budget
To edit the defaults, click “Edit – Preferences”
Preferences report options
Overall, HomeBank ticks almost all the checkboxes (atleast for me) for a perfect Personal Finance Manager. Click here to visit the project homepage.