Organize your Finances with KMyMoney
Online Banking
Ideally, you will not need to enter your bank account transactions manually, because you can retrieve them online. What is available will vary depending on your location and bank, as well as updates to the program, so start by referring to the KMyMoney user manuals [3]. At present, the program can be used for retrieving bank records.
Optionally, you can load your account statements into the program in CSV format. Many banks make this export function available to their customers in the web front end of their online banking programs. The CSV file can then be loaded into KMyMoney via File | Import | CSV.
Reports and Forecasts
KMyMoney rewards you for the effort you put into your accounting with an up-to-date and accurate overview of your finances, helping you improve your financial planning. To generate this detailed information, go to the left sidebar and select Reports. KMyMoney can show you what you have spent money on, helping you find opportunities to reduce costs. The program also provides reports on the status of your investments, from which you can derive recommendations for future investments.
Based on your past transactions, KMyMoney also generates a forecast of your future income and expenses. The tax report feature supports you with your tax return: All categories that you have previously flagged as tax-relevant, such as income-related expenses and donations, automatically appear in the tax report.
Conclusion
This article provides a basic overview of the huge feature set in KMyMoney. However, beginners will have to invest some time and effort: It is essential to familiarize yourself with the principles of accounting and the program and to categorize and record financial records. Once this hurdle has been overcome, KMyMoney presents itself as a clear and easy-to-use financial management program. The application's approach is based on managing your personal finances, but does not leave freelancers, smaller commercial enterprises, and associations out in the cold.
The good documentation on the project page and the mailing list, where you can get help if needed, are important resources.
Infos
- KMyMoney: https://kmymoney.org
- CMake: https://cmake.org
- KMyMoney user manuals: https://kmymoney.org/documentation.html
- KMyMoney mailing list: https://mail.kde.org/mailman/listinfo/kmymoney
- KMyMoney forum: https://forum.kde.org/viewforum.php?f=69
- GnuCash: https://www.gnucash.org
- "Neatly managing and handling PGP/GnuPG keyrings" by Frank Hofmann, Linux Magazine, issue 192, November 2016, pg. 68, https://www.linux-magazine.com/Issues/2016/192/GPG-Key-Management/
- Recovery function in KMyMoney: https://kmymoney.org/recovery.php
- KMyMoney User's Manuals: https://kmymoney.org/documentation.html
« Previous 1 2 3
Buy this article as PDF
(incl. VAT)
Buy Linux Magazine
Direct Download
Read full article as PDF:
Price $2.95
News
-
Kali Linux 2022.3 Released
From the creators of the most popular penetration testing distributions on the planet, comes a new release with some new tools and a community, real-time chat option.
-
The 14" Pinebook Pro Linux Laptop is Shipping
After a considerable delay, the 14" version of the Pinebook Pro laptop is, once again, available for purchase.
-
OpenMandriva Lx ROME Technical Preview Released
OpenMandriva’s rolling release distribution technical preview has been released for testing purposes and adds some of the latest/greatest software into the mix.
-
Linux Mint 21 is Now Available
The latest iteration of Linux Mint, codenamed Vanessa, has been released with a new upgrade tool and other fantastic features.
-
Firefox Adds Long-Anticipated Feature
Firefox 103 has arrived and it now includes a feature users have long awaited…sort of.
-
System76 Refreshes Their Popular Oryx Pro Laptop with a New CPU
The System76 Oryx Pro laptop has been relaunched with a 12th Gen CPU and more powerful graphics options.
-
Elive Has Released a New Beta
The Elive team is proud to announce the latest beta version (3.8.30) of its Enlightenment-centric Linux distribution.
-
Rocky Linux 9 Has Arrived
The latest iteration of Rocky Linux is now available and includes a host of new features and support for new architecture.
-
Slimbook Executive Linux Ultrabook Upgrading Their CPUs
The Spanish-based company, Slimbook, has made available their next generation Slimbook Executive Linux ultrabooks with a 12th Gen Intel Alder Lake CPU.
-
Fedora Linux is Coming to the Raspberry Pi 4
Thanks to significant work in the upstream, the upcoming release of Fedora 37 will introduce support for the Raspberry Pi 4.