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B
bbml
April 23, 2019
Solved

budget

  • April 23, 2019
  • 2 replies
  • 2 views

Is there any way to change 'Annual Total' amount in a budget that is already set up?

Best answer by Alessandra_B

Hi @bbml,

 

Currently, you're only able to edit the Annual Total for your budget when you edit the amounts per month. Allow me to provide more details about this.

 

The Annual Total column shows the total of all the amounts entered on the column for each month.

 

This said, you'll need to change the amount in each month to change the amount in the Annual Total column.

 

Feel free to let me know if you have any other concerns about your budgets.

2 replies

A
Alessandra_BAnswer
Level 5
April 24, 2019

Hi @bbml,

 

Currently, you're only able to edit the Annual Total for your budget when you edit the amounts per month. Allow me to provide more details about this.

 

The Annual Total column shows the total of all the amounts entered on the column for each month.

 

This said, you'll need to change the amount in each month to change the amount in the Annual Total column.

 

Feel free to let me know if you have any other concerns about your budgets.

J
JJessen
May 21, 2019

Hello,

 

How do you edit that annual total? I can't figure out where to do it.

 

Thanks!

 

John

BettyJaneB
BettyJaneB
Level 9
May 21, 2019

Thanks for joining us here in the Community, @JJessen.

 

I'd be happy to walk you through in editing the annual total of your budget in QuickBooks Desktop.

 

When editing the annual total amount of your budget, you'll need to go back to the created budget and make changes.

 

Here's how:

  1. Click on Company at the top menu bar.
  2. Select on Planning and Budgeting.
  3. Choose Set Up Budgets.
  4. Select the Budget that you wish to edit.
  5. From there, you can change its amounts.
  6. If you wanted to increase/decrease the monthly amount, you can click on the Adjust Row Amounts to select your desired option.
  7. Click on OK to save changes.

To give you more insights about budgets in QuickBooks Desktop, you may refer to this link. 

 

If you need further assistance with editing your budget, feel free to reach out to our Customer Care Team. They have the proper tools that can guide you through the steps.

 

Please let me know how it goes. I'll be around to help if you have any other questions with this concern. Wishing you and your business continued success!

    A
    associationmanag
    November 6, 2020

    If I am starting my Budget mid-year, how do I show the total income already received before I started took over the association. Example: I took over Sept 2020 and all the income was received Jan 2020. 

    R
    Ryan_MModerator
    Moderator
    November 6, 2020

    Hi @associationmanag,

     

    I'll assist with your query on budgets in QuickBooks Desktop (QBDT).

     

    As stated above, you'll have to edit the amounts of each month for the annual total. Concerning your second post, you can create a budget from scratch. This way, you can enter the amounts on each line by hand. 

     

    Here's how:

     

    1. Go to the Company menu.
    2. Highlight Planning & Budgeting.
    3. Select Set Up Budgets. 
    4. Click the Create New Budget button.
    5. Choose the correct year. 
    6. Pick Profit and Loss, then hit Next.
    7. On the next page, Include additional criteria if necessary. Tap Next.
    8. Go with the Create budget from scratch option.
    9. Hit Finish.

    Take a look at this article for additional details on this process: Create a budget or forecast in QuickBooks Desktop. It includes steps on how you can create forecasts to predict future revenue and cash flow. 

     

    Post a comment below if you need anything else. I'll be sure to get back to you. 

    V
    vlcpa001
    November 9, 2021

    I have a fiscal year company and have been doing budgets for years on QB.  I just purchased QB 2022 desktop and uploaded my company.  No problem.  However, when I create a new budget, it gives me calendar year columns rather than fiscal year.  It brings up all previous budgets and they are all fiscal year.  How do I solve this problem?

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