Creating a budget using yearly totals versus monthly

Yes, you can. See the snapshot

When creating budget there is an option to switch budget from monthly to Quarterly or Yearly.

Click Yearly and enter single column yearly values.

Thank you for responding.  Is this only available in QB online?  We are using the desktop version, and I don't see that option. 

Based on the screenshot you've provided, you're on the right path of creating a budget using yearly totals versus monthly in QuickBooks Desktop (QBDT), RADZS01. I'd be glad to guide you on how to proceed and successfully accomplish this task.

Before you create a budget, make sure your fiscal year is correct. Below are the steps outlined to help you through this process.

1. Hover to the Company menu and select Planning and Budget.
2. Choose Set up Budgets, then click Create New Budget at the upper right-hand corner.
3. Use the arrow to specify the year and type for the new budget. Under Choose the budget type, pick Profit and Loss (reflects all activity for the year), and then click on Next.
4. Select whether you have Additional Profit and Loss Budget Criteria, and click Next.
5. Click Finish.
6. Under the Budget drop-down, choose what fiscal year report to pull up, then select OK.

Moreover, you might want to tailor your report to display specific information that you require, feel free to visit this reference for guidance: Customize reports in QuickBooks Desktop.

If you have further concerns about budgets, the Community is only a few clicks away to assist you.

Hello Louise 

I don't have the drop-down options you mentioned. 

Thank you,

Sue 

Hello RADZS01,

Thank you for sharing the screenshot. Just to clarify, are you referring to Step 6 in the directions my colleague mentioned? If so, you are using the correct drop-down option. You would have to select which year based on the data you entered before and hit OK. 

Please let me know if it's something else. I look forward to your response! Take care. 

Hi - I don't have the drop-down options you are referring too.  Can you send me a screen shot of your QB please. 

Thanks for getting back, RADZS01. To clarify your inquiry, are you specifically referring to the dropdown arrow located in Step 6, as mentioned by my colleague in the previous message?

If that's the case, I want to reassure you that you are on the right track. The dropdown arrow serves a crucial function, allowing you to select the specific year of the budget that you wish to view. This feature is designed to facilitate easier navigation through the various budget years, ensuring that you can access the information you need quickly and efficiently.

For your convenience, I have included a reference photo below that illustrates the dropdown arrow in question. This should help you identify it more easily

For detailed information about setting up budget in QuickBooks Desktop, feel free to visit this article: Create a budget or forecast in QuickBooks Desktop.

Please remember that our team stands ready to support you with any QuickBooks concerns, RADZS01. Feel free to reach out any time by commenting below, day or night, as we offer 24/7 assistance. Your success in managing your annual budget is our priority, and we're always here to help.