Best way to set up a Budget
US QuickBooks Premier : 2010: Professional Services
how do you set up a simple budget (mix of business and personal) on Premier Professional Services Edition 2010?
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d8Gzj440mr35qUacfA8pyY
10/29/10 3:14am PDT
Viewed by asker 01/01/12 7:32pm PST
Viewed by asker 01/01/12 7:32pm PST
5 Replies
myrkrn1
Questions asked: 13
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Questions answered: 5654
Points earned: 13175
Allstar
Advisory council of community power users.
10/29/10 7:51am PDT
Do you mean;
Company>Planning & Budgeting>Create Budget
"Additional problems are the offspring of poor solutions" Mark Twain
11/04/10 3:43am PDT
Thank you. I did get that far.
I guess I didn't phrase my question correctly. When QB processes the budget (I chose "Profit & Loss by Account" for 2010 as a starting point) it doesn't seem to reflect the right existing income. It gives me the Annual Total Column and a column for each month of the year with the amounts. Then you can tweak it with the button on the bottom left hand side. I would like to track how I'm doing with my 2011 budget using my 2010 figures as a starting point. How would I do that?
11/04/10 6:00am PDT
If you used P&L by account 2010 as your staringpoint the numbers should be based on your 2010 figures. As you conduct business in 2011 you can generate a P&L comparing your budget to actual. Is this what you mean?
11/08/10 1:42am PST
Yes. Thank you Allstar. So that's how it's done. But why isn't the Budget (P&L by account 2010) reflecting my income correctly? When I run a P & L report, it does reflect my income correctly.
11/08/10 5:26am PST
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The numbers should be the same...Did you budget all your income accounts?
unless the parameters have been changed on one of the reports they should be the same
