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JasonB45
Level 2

New GL account or new FY budget first then add the new account?

Is it better to add a new account to the current Fiscal Year before copying it to set up my next fiscal year budget or should I add the new account after setting up the new budget?  Thanks!

Solved
Best answer May 23, 2024

Best Answers
JanbonN
QuickBooks Team

New GL account or new FY budget first then add the new account?

It's best to create a new account first, @JasonB45. Let me guide you through the steps.

 

To begin, open your QuickBooks Desktop (QBDT) company. Then, follow the steps below.

 

  1. Go to Lists and choose Chart of Accounts.
  2. In the Account dropdown at the bottom of the screen, select New.
  3. Tick the Expense radio button and click Continue.
  4. Fill in the necessary details. Then, click Save & Close.

 

Then, proceed to create a budget. You may refer to this article for guidance: Create a budget or forecast in QuickBooks Desktop.

 

Additionally, you check this article about personalizing your reports: Customize reports in QuickBooks Desktop.

 

Let us know if you have other questions about the budget feature of QBDT. We'll be here to lend a hand.

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4 Comments 4
JanbonN
QuickBooks Team

New GL account or new FY budget first then add the new account?

It's best to create a new account first, @JasonB45. Let me guide you through the steps.

 

To begin, open your QuickBooks Desktop (QBDT) company. Then, follow the steps below.

 

  1. Go to Lists and choose Chart of Accounts.
  2. In the Account dropdown at the bottom of the screen, select New.
  3. Tick the Expense radio button and click Continue.
  4. Fill in the necessary details. Then, click Save & Close.

 

Then, proceed to create a budget. You may refer to this article for guidance: Create a budget or forecast in QuickBooks Desktop.

 

Additionally, you check this article about personalizing your reports: Customize reports in QuickBooks Desktop.

 

Let us know if you have other questions about the budget feature of QBDT. We'll be here to lend a hand.

JasonB45
Level 2

New GL account or new FY budget first then add the new account?

Thank you, appreciate the direction.

Jason

 

JasonB45
Level 2

New GL account or new FY budget first then add the new account?

Thank you.  Appreciate your assistance!

jenop2
QuickBooks Team

New GL account or new FY budget first then add the new account?

Thank you for your response, Jason.

 

I'm glad to hear that the QuickBooks Community was able to provide you with helpful guidance on creating budgets.

 

 Please feel free to visit us again if you have any other questions or need further assistance with using QuickBooks.

 

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