Tuesday, August 19, 2008

An Enterprise client wants to know if QuickBook’s has a budget feature and if so how is it accessed and used…

Yes, QuickBooks does have a budgeting feature. You can create budgets for either Profit and Loss accounts or Balance Sheet accounts by fiscal year.
To create a budget:
1. Go to the Company menu, choose Planning & Budgeting, and then click Set Up Budgets.
Note: If a budget currently exists, the most recent budget will be displayed in the Set Up Budgets window.
2. Click Create New Budget.
3. Choose the fiscal year for the new budget, and choose Profit and Loss or Balance Sheet accounts.
(If you choose Profit and Loss, you can specify additional criteria of either Customer:Job or Class, if class tracking has been turned on.)
4. Choose whether you want to create the budget from scratch or from the previous year's actual data.
5. Click Finish to create the new budget.

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