cancel
Showing results for 
Search instead for 
Did you mean: 
Jim3333
Level 3

Church budget line

My church client has a budget line called "From Investments" as an "income" line to show funds transferred from their investments to meet operational needs and balance their income and expenses in the budget.

 

In reality, these funds are actually transfers of existing funds and not income at all. The transfers from savings to operations checking would not show up in the Budget Vs. Actuals because an income account is not affected.

How might we address this reporting issue/desire.

Thanks!!

1 Comment 1
Pabz_L
QuickBooks Team

Church budget line

Hello there, @Jim3333.

 

QuickBooks Online supports preparing budgets, which help you monitor, track, and compare expected income and expenses with actual income and expenses.

 

The only account that will show up in the budget report is income and expense.

 

Also, I recommend contacting your accountant so you’ll be guided on how to handle this kind of situation.

 

I’m adding here an article that will help you if you wanted to create a budget in QuickBooks Online. This will help you track your actual sales and expenses. Create budget in QuickBooks Online

 

 Please leave a comment below if you have any other questions. Keep safe.

Need to get in touch?

Contact us