gnucash

heres my gnucash account recipe

Initial setup

- Set up your bank account as "Assets:BendigoBank passport account" or whatever your income lands into, set your opening balance as of the financial year

- set up a "Assets:AR" as type Accounts/R

- Setup any Expense sub-accounts, these need to be defined prior to importing the QIF as theres a bug in the QIF importer.

Importing your QIF

For savings/bank account type

GnuCash is an excellent linux based accounting package, it is modelled very closely to traditional two-column accounting methods but has lots of functionality like generating invoices, tracking clients and all the other things you'de expect from a package to run your finances.