Hello there, @skoz5555.
We can run budgeting reports to assign future expenses/incomes for reporting and assume the future progress of the business.
Here's how:
- Go to the Company menu, and hover over Planning & Budgeting.
- Select Set Up Budgets, then click Create New Budget.
- Set the fiscal year for the budget, then choose either Profit and Loss and Balance Sheet.
- Select Next.
- If you select Profit and Loss, select either Create budget from scratch or Create budget from the previous year's actual data.
- Click Finish.
Once done, you can go to the Reports menu and select Budget and Forecasts to review.
Also, I've added this article for future reference in creating journal entry: Create a journal entry in QuickBooks Desktop.
Let me know if there's anything else you need. You can leave a comment below. I'd be right back to help you more!
