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Soccertreasurer
Level 2

Creating a Budget

Hello Community,

I am hoping someone can assist me, I got introduced to Quick-books because I am currently serving as a Non-Profit Treasurer for a local Non-Profit organisation.

The President of the organisation has asked me to create a budget for the 2020 fiscal year, I have been researching this for a few days now and I know that Quick-books does have a feature that lets you design the budget but I cannot figure out how to pick specific accounts in my chart of accounts to include in the budget, I have quite a few accounts in the chart of accounts and i want to only use a few of them to include in the budget.

Please help I am feeling out of my depth and could really use someones experience.

 

Thanks alot

Ed

Solved
Best answer January 09, 2020

Best Answers
katherinejoyceO
QuickBooks Team

Creating a Budget

Thanks for coming back for additional support, @Soccertreasurer.

 

You can also run a Budget vs. Actual report to show how your business goes compared to the budget you determined. Then, customize what specific type of accounts you'd want to show. 

 

Here are our articles that you can check to know more about reports in QuickBooks Desktop:

 

 

Let me know if you have more questions. We're always delighted to help. 

 

View solution in original post

5 Comments 5
FritzF
Moderator

Creating a Budget

Welcome to the Community, @Soccertreasurer.

 

In QuickBooks Desktop (QBDT), the ability to pick a specific account to include in the budget is currently unavailable. All active accounts in the Chart of Accounts will automatically show when creating one.

 

In the meantime, only enter some information on the account that you need and just leave the others as blank as a workaround.

 

I can see how having this option would be helpful for you and your organization. Rest assured that I'll pass along your suggestion to our Product Developers. They're always looking for ideas to consider on how to improve QuickBooks.

 

Just in case, I'll add this article for future reference: Create a budget or forecast in QuickBooks Desktop.

 

Please let me know if you have any other issues or concerns, and I'll return to you as soon as possible. I'm always here to help. Have a great rest of the day!

Soccertreasurer
Level 2

Creating a Budget

Thanks for reaching out to me regarding this, as far as your proposal 

 

"In the meantime, only enter some information on the account that you need and just leave the others as blank as a workaround. In the meantime, only enter some information on the account that you need and just leave the others as blank as a workaround."

I cannot realistically do this as I use all the chart of accounts in the running of my accounting practices.

 

I am wondering if there is any other workaround to accommodate a report that can include the accounts that I want to use, such as creating a Job or New Customer in QB.

 

My president is ultimately looking for a report that I can produce at monthly board meetings where I can show Budget to Actual data that way its not this huge 3 page P&L report where it includes too much data, is there anything that you can think where I can achieve this?

 

katherinejoyceO
QuickBooks Team

Creating a Budget

Thanks for coming back for additional support, @Soccertreasurer.

 

You can also run a Budget vs. Actual report to show how your business goes compared to the budget you determined. Then, customize what specific type of accounts you'd want to show. 

 

Here are our articles that you can check to know more about reports in QuickBooks Desktop:

 

 

Let me know if you have more questions. We're always delighted to help. 

 

leasul2003
Level 1

Creating a Budget

I am also trying to edit the accounts and remove some of the options. It looks like this option still doesn't exist? Is there a way to edit the names of the accounts? 

Kevin_C
QuickBooks Team

Creating a Budget

I can see how convenient to have the ability to have the option to select accounts when creating budgets, leasul2003.

 

However, this functionality isn't available in QuickBooks Desktop (QBDT) at the moment. That said, I recommend sending your thoughts about having the feature to choose accounts to use when creating budgets for our developers. Ideas like this help identify the features our customers want the most for consideration in future enhancements. 

 

Here's how you can submit feedback:

 

  1. Click the Help menu located at the top.
  2. Select Send Feedback Online then click Product Suggestion.
  3. Type in your feedback or feature request.
  4. Click the Send Feedback button.

 

On the other hand, you can follow these steps to make necessary edits like changing the account's name from the Chart of Accounts:

 

  1. Go to the Lists menu, then select Chart of Accounts.
  2. Right-click on the account that you want to edit. Then, tap Edit Account.
  3. Update the account details.
  4. Select Save & Close.

 

For more details about this process and steps & conditions to delete an account if you no longer use it so you can keep your chart of accounts organized, please refer to this article: Add, edit, or delete accounts in QuickBooks Desktop.

 

If there's anything else you need or if you have other concerns with handling your budgets in QBDT, I'm always ready to help. Have a great day!

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