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Join nowQuickbooks community: I would like to set aside funds for anticipated future business expenses in QB desktop. In essence, while I keep funds in a savings account to cover anticipated expenses, I'd like to be able to earmark and track them for individual anticipated expenses (i.e. put them in a virtual envelop) in my savings account. From an online search, it looks like quickbooks online has an "envelope" feature. How can I do this in Quickbooks desktop? Many thanks!
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Suppose you could have Sub Accounts under the Savings Acct. Move money in and out of the Parent Acct to the Sub Acct as you want to add money to that project.
But I have to say I don't think I'd be going down that path. I'd rather keep my books clean and only have actual transactions and Accts as needed. I'd be doing Forecast Budgets in Excel or some other Budgeting tool that does not affect my books. And that's not to say you can work out some budgets in QBs, but it sounds like you're just hanging on to cash and not actually budgeting a real project.
Suppose you could have Sub Accounts under the Savings Acct. Move money in and out of the Parent Acct to the Sub Acct as you want to add money to that project.
But I have to say I don't think I'd be going down that path. I'd rather keep my books clean and only have actual transactions and Accts as needed. I'd be doing Forecast Budgets in Excel or some other Budgeting tool that does not affect my books. And that's not to say you can work out some budgets in QBs, but it sounds like you're just hanging on to cash and not actually budgeting a real project.
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