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QuickBooks Desktop - Is there a drop dead date for editing the prior year budget?
There are a few line items in which the amount was placed on the wrong budget line and
one line item need to be added to the budget.
Yr end is June 30, 2022. First draft of current year budget (July 1, 2022 - June 30, 2023)
has been initiated and is in progress.
Yr end adjusting entries for FY22 are not done and FYE22 financial audit is set for late October.
Thank you.
Solved! Go to Solution.
Welcome to the Community. Let me help you verify where the budget numbers are coming from when running the Budget report, JoanneGuild.
The option to edit the prior year's budget is unavailable in QuickBooks Desktop. With this said, I'd recommend sending this request straight to our product engineers through feedback. Sharing features and options that you would like implemented is how our engineers look for new product updates. Here's how:
To verify where the amounts are coming from, let's review the fiscal year setting within the company file and verify how the budget is being set up in QuickBooks Desktop. To verify if the fiscal year setting is correct, follow the steps below:
I've attached screenshots for your reference.
Now, determine how the budget is set up. Here’s how:
Here's an article you can refer to for more details about creating a budget or forecast in QuickBooks Desktop. Feel free to refer to these articles on how to customize any report that you generate and then save it using the same settings:
That’s it. I want to ensure this concern gets taken care of, so please feel free to let me know how it goes by leaving a comment below. Looking forward to hearing from you soon. Take care!
Welcome to the Community. Let me help you verify where the budget numbers are coming from when running the Budget report, JoanneGuild.
The option to edit the prior year's budget is unavailable in QuickBooks Desktop. With this said, I'd recommend sending this request straight to our product engineers through feedback. Sharing features and options that you would like implemented is how our engineers look for new product updates. Here's how:
To verify where the amounts are coming from, let's review the fiscal year setting within the company file and verify how the budget is being set up in QuickBooks Desktop. To verify if the fiscal year setting is correct, follow the steps below:
I've attached screenshots for your reference.
Now, determine how the budget is set up. Here’s how:
Here's an article you can refer to for more details about creating a budget or forecast in QuickBooks Desktop. Feel free to refer to these articles on how to customize any report that you generate and then save it using the same settings:
That’s it. I want to ensure this concern gets taken care of, so please feel free to let me know how it goes by leaving a comment below. Looking forward to hearing from you soon. Take care!
Thank you. I thought that would be the answer. Just wanted to makes sure.
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