Question

Importing a Budget

Forum|Forum|4 years ago
July 23, 2022
3 replies
18 views

Hello,

I'm trying to import a new fiscal year budget.

I've downloaded the csv template, and then Import Budget , but it keeps importing to last year.

I can't figure out how to import it into the current, new fiscal year July 2022 - June 2023.

Any suggestions?

Thank you

QuickBooks Online

J

JonpriL

Level 9

Hello there, @tmalloy.

I'll make sure you're able to import a budget with the correct fiscal year in QuickBooks Online (QBO) Advanced.

Importing a budget template requires the correct company settings and chart of accounts setup of your QBO account. These preferences are needed before downloading and using the sample template.

Therefore, let's choose the correct fiscal year first for your account from the accounts and settings by following the steps below:

Go to the Gear icon.
Under Your Company, select Accounts and Settings.
Select Advanced.
On the Accounting section, select the Pencil icon.
Choose July for the First month of fiscal year selection menu.
Select Save.
Click Done.

Now that your fiscal year account setup is correct, go ahead and download and use the sample template of a budget. Once done, enter the amount of budget you want to use in each account and import the file.

Kindly read and use this article to learn more about creating and importing a budget: Create and Import Budgets into QuickBooks Online.

For all the features and functions of QuickBooks Online, you can log in to any of our supported browser versions and use this reference for guidance: Help Articles in QuickBooks Online. Also, you're able to read subtopics that will describe how a feature is used and how to accomplish tasks related to its functions.

Let me know in the comments if you have any other questions aside from managing a budget of accounts in QuickBooks. Use the Reply option below to leave a comment and don't forget to include my name, @JonpriL. Take care always!

T

tmalloyAuthor

Thanks for your response.

I followed these instructions and it still imported into the prior fiscal year.

Our new fiscal year began July 1 and it imports into July 1, 2021 - June 30, 2022 instead of

July 1, 2022 - June 20, 2023

Do you know how I designate the Fiscal Year?

MJoy_D

QuickBooks Team

You're welcome, @tmalloy. It's our pleasure to help.

Thank you for trying the steps provided by my colleague above. I'm here to share additional information about setting up your fiscal year in QuickBooks Online (QBO).

If you set the start of your fiscal year from July 1 the end of the fiscal will default to June 30 of the next year.

The feature to set the start and end date of a fiscal year in QBO will a great addition to the current features that we have, so I'll take note of it.

I also encourage you to leave feedback from within the product. Here are the steps:

Go to the Gear icon and select Feedback.
Provide your product suggestion.
Click on Next to submit feedback.

You can check out this article for more information about providing feedback to make the program better: How do I submit feedback?.

After creating and importing a budget, refer to the following article on how to run a Budget vs. Actuals report that compares your budgets and with what you actually spent: Common custom reports in QuickBooks Online.

Let me know if you need further help setting up your financial year or questions about designating the fiscal Year, by leaving a reply below. I'm always glad to help in any way I can. Have a great rest of the day!

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