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Level 1

How can I indicate that some transactions should be associated with last year's budget?

We are a small preschool and our fiscal year ends June 30th.

In July I had some late payments and bills come in.  What can I do so that these items are associated with the budget that ended in June?

I need to accurately represent exactly what came in and went out last year, so it doesn't appear as those the parents for the upcoming classes are paying bills from last year's classes.
1 Comment
Level 1

Re: How can I indicate that some transactions should be associated with last year's budget?

We recently experienced a similar problem with QBO.  We needed to process invoices and have them hit an accounting period that was not the same as the date of the vendor invoice.  It is unfortunate, we had to ignore the actual invoice date and provide the date for the period we needed to target and manually change the due date of the invoice.

 

Hope this helps.

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