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Join nowIf Budgets are "Original Budget" and Forecast is different than Original Budget, how are Forecasts input to QB On-line? Are they "New Budget"? What is New Budget?
1.How to get Reporting Actual vs. Original Budget ?
2.How to get Reporting Actual vs. Forecast?
How do Forecasts and Budgets relate to Accrual Basis and also to Cash Basis Reporting?
Thanks for any helpful comments
Ken
Hello, @Ken875.
When creating budgets in QuickBooks, it is based on your current financial year or from the previous year's amounts. Let's first make sure to run your Profit and Loss report. This is to make sure that all of your income and expense transactions were accounted for properly in the past year.
Now, we can create a budget. Here's how:
You have the option to automatically pre-fill it with data from the current or previous year into the budget, and specify the year to use. Also, you can manually enter the amounts per month. You can read through this article for more insights: Create and import budgets into QuickBooks Online.
Lastly, so your budget will show on the report, all you have to do is change the date range and do some customization. Here's how:
You can save the configuration you've set for future use by clicking the Save Customization button.
The Community has your back, so please don't hesitate to get back to us if you have other questions about managing your business using QuickBooks. Wishing you a safe and fun weekend ahead.
As additional option, utilize a business plan app and integrate it with your QBO
http:// track.paloalto.com/SHRP
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