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W
WG2
April 9, 2020
Question

Budget created with wrong year

  • April 9, 2020
  • 1 reply
  • 11 views

I spent several hours manually entering data to a budget that is for the wrong year.  It is referencing 2021 but the budget is for 2020.

 

Is there a way to change the budget year in QB Desktop Enterprise 18.0?  I really don't want to enter all data from scratch again if at all possible.  Is there a way to copy the budget in desktop QB?

 

 

1 reply

M
mv32
Level 8
April 9, 2020

Welcome to the Community, @WG2.

 

We aren't able to copy the budget that you have entered for 2021 to the budget that you set up for 2020. I suggest manually entering all the budgeted amounts for 2020.

 

Here's how:

  1. Go to the Company menu and then select Planning & Budgeting.
  2. Choose Set up Budgets.
  3. Click Create New Budget.
  4. Choose 2020 for the fiscal year's budget.
  5. Select the prompt options and click Finish.

 

That should get you to the right fiscal year. I've added an article as your reference in planning up budgets or forecasts: Create a budget or forecast in QuickBooks Desktop.

 

Please let me know if you have more questions. I'll be around to help. Stay safe!

G
Grace36
August 9, 2022

Is there anyway to change a budget year in QuickBooks Premier Nonprofit Edition 2021? I entered all the budget and put it in the wrong year. Please help!

C
CharleneMaeFQuickBooks Team
QuickBooks Team
June 2, 2023

This "Select the Create budget from previous year's actual data option" brings the budget from 2022, not the one i put in 2024.


 I'm here to share some details about creating budgets, EM94.

 

QuickBooks Desktop only allows us to use and create a budget from the previous year's data. Currently, we're unable to use the data made in recent years. As a workaround, I recommend manually adding the budget you created in 2024 to your 2023's data.

 

I know this functionality to copy your recent budget to the previous one would be beneficial to your business. I'd recommend sending feedback directly to our Product Development team. Doing so helps us improve your experience and the features of the program. 

 

Here's how:

 

  1. Go to the Help menu and then select Send Feedback Online.
  2. Choose Product Suggestion.
  3. Add the type of feedback.
  4. Type in your feature suggestion.
  5. Once done, click Send Feedback.

 

For your visual reference, I've attached some screenshots below.

 

If you need help running reports or creating your budgets, please see these articles:

 

 

Additionally, I've added this article that'll help you review your QuickBooks accounts to ensure they match your real-life bank and credit card statements. Reconcile an Account in QuickBooks Desktop.

 

Please keep us posted if you have more questions about managing your budget or running other reports. I'm always here to help you out. 

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