budget import for Enterprise

Let me guide you through how to import a budget without getting an error, ManSol.

You need to use the Excel file provided in QuickBooks when you create a new budget. Then, edit the exported file and enter your actual numbers.

Once done, import it back to QuickBooks. Doing this will help ensure you are using the correct IIF format.

There are two options to create a new budget without having to enter the data manually. You can either import the last year's budget or selecting Create budget from the previous year's actual data option. This lets you copy an existing budget by using the accounts that you already have and modifying the amount.

To start, you may want to print the last year's Profit and Loss Detail report to review last fiscal year's data. After that, please refer to the steps below based on how you want to copy the information entered on last year's budget. 

To upload Intuit Interchange Format (.IIF) files:

1. Click File.
2. Choose Utilities.
3. Select Import.
4. Click IFF Files.
   
   

To create one budget per fiscal year based on the previous year's data:

1. From the Company menu, select Planning & Budgeting.
2. Select Set Up Budgets.
3. In the upper right corner, click Create New Budget.
4. Specify the budget year, then choose between Profit and Loss and Balance Sheet.
5. Click Next.
6. Select additional criteria then click Next.
7. Select Create budget from the previous year's actual data.
8. Select Finish.
   
   

I've attached some articles below for additional reference: 

• Export or import Intuit Interchange Format (.IIF) files
• Create a budget or forecast in QuickBooks Desktop.
   

Drop me a comment below if you have additional questions about budgets or the process. I'm always right here to help you.

Thank you and stay safe!

Thanks for joining in on the thread, Stacy.

I hope you're doing good! I'd like to add information to resolve the error.

If you haven't tried the Verify and Rebuild data utilities, I suggest doing so, but please don't forget to back up your file before running the rebuild tool. You can also update your QuickBooks to fix any damaged program files that may have caused this error.

If the error is not resolved, please consult the support of your IIF file provider, so they can inspect its contents. I've also seen a poster sharing information about importing IIF files. Please check this out: https://intuit.me/3gK71CK

Here are some articles for your additional reference:

• Import IIF Files
• Improved IIF Import in QuickBooks 2019 and later
• IIF Overview: import kit, sample files, and headers - If you want to try the samples, please use a dummy company file.

Let me know if you have other concerns about QuickBooks Desktop. I'm just right here to continue to assist you. Take care always!