How do I change the year in the Budget and forcast report

I would like to forcast out my budget the next 5 years, but how do I get the year to change?

Answer

Hello there, kschultz,

You can customize your budget report to change the year for the next five (5) years. Let me share with you how.

QuickBooks has forecasting and budgeting tools that can help you plan for your business.

Before creating a budget or forecast, let's set up and make sure that your fiscal year is correct. To check, here's how:

  1. Go to Company, then choose My Company.
  2. Click the Pencil icon inside Company Information.
  3. Select Report Information.
  4. Make sure Fiscal Year and Tax year is correct.
  5. Click OK.

Once done, you're now ready to set up a budget for the next 5 years and you need to do it year by year, either from scratch or based on previous year's data by following the steps below:

  1. Go to Company, choose Planning & Budgeting, then select Set Up Budgets.
  2. The most recent budget will be displayed in the Set Up Budgets window if you have one.
  3. Choose Create New Budget.
  4. Specify the budget year, then select between Profit and Loss and Balance Sheet.
  5. Click Next.
  6. Select an additional criteria of either Customer:Job or Class, then select Next.
  7. Choose whether you want to Create budget from scratch or Create budget from the previous year's actual data.
  8. Click Finish.

You can check out this article for more details: Create a budget or forecast in QuickBooks Desktop.

After performing the steps above, let's now pull up the Budget report you want. For now, you let's try the Budget Overview report. Here are the simple and easy steps:

  1. Go to Reports, choose Budgets and Forecasts, then select Budget Overview.
  2. Select the budget to use when generating the budget report on the drop-down.
  3. Click Next twice.
  4. Hit Finish to create the report.
  5. Change the From and To dates.
  6. Select the Customize Report button for more features/options available.
  7. Click OK.

I've attached screenshots below for further reference.

That's it. By performing the steps, you should be able to change the year in your Budget report.

Please feel free to leave a comment if you have further concerns about creating reports in QuickBooks. I'm just around if you need help.

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IntuitRea , Community Support Specialist
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