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Hi,
Need some help here or at least someone who is smarter than me lol.
So I have a budget income item that was budgeted at 0 for Pastor Appreciation. As we never know the yearly amount people will donate. It differs every year. I wrote out two checks for the Pastor Appreciation amount received last month to the Pastor. One check was for $1305.00 and the other was for $100.00 a grand total of $1405.00.
Now in the monthly report for the Profit & Loss Budget vs. Actual instead of showing the 0 amount under budget it is showing a negative balance.
Under the amount the Pastor received it is showing the negative amount of -$1305.00 which is incorrect. It should be negative -$1405.00. Under the budgeted amount it is showing a negative -$470.00 which is incorrect. It should be 0. And the Over Budget amount shows a negative -$835.00 when it should be negative -$1405.00. Not to sure how to fix this. Any ideas on how do I fix it?
Hello spcc,
Nice to see you in the QuickBooks Community! For this situation, it would be best to work with an accountant to resolve this. If you do not have an accountant, no worries, we offer a Pro-Advisor program. Simply enter your zip code, and you will be connected with experts within your area. They even provide a free consultation. Here's how:
Please don't hesitate to let me know if you have any other questions! My team and I will be here to assist you further. I hope you have a good day.
Thanks for responding. I will give that a try.
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