2.YE.3.3 Create a Budget and Budget Report | Scribe

    2.YE.3.3 Create a Budget and Budget Report

    • 0 step
    • QuickBooksQuickBooks
    • Fast & Easy QBOFast & Easy QBO
    Start in the Sample company.
    To complete this exercise, you must be in the Sample company. From your QBOA account, click the Gear icon on the top right corner of the screen, then select Sample company.
    Note that you will be logged out of your current account. If you are sure, click "Continue" to confirm.
    Now, let's get started with the exercise.

    Create a Budget

    Here again is the first scenario: Craig would like to create a budget for his customer, Amy’s Bird Sanctuary. He would like the budget to be for next year, and he wants to use this year’s numbers. How would you set this up for him?
    On the left navigation bar, click "Budgets".
    Click "Create budget".
    Use the Period dropdown to select the next fiscal year. *NOTE: yours may be different than shown below.*
    Since this budget will just be for Amy's Bird Sanctuary, click the "radio button" next to Subdivided.
    In the Subdivide by field, select "Customers". *NOTE: if you had Classes and/or Locations turned on, these would also be available as subdivisions.*
    In the Subdivide for field, select "Amy's Bird Sanctuary".
    Craig wants to use this year's data, so in the Pre-fill data field, select the "(YTD)" option *NOTE: Your year may be different than shown.*
    Click "Next".
    Notice that QBO pre-filled the budget items with the current data. (Remember, your dates may be different.)
    Let's give this budget a name by clicking on the "pencil icon".
    Note that QBO titled it with the type and date of the budget. You may want to remember this, so just add "Amy's" before the current title.
    Click the "down arrow" next to Save, then select "Save and close".

    Create the Report

    Now for the second part of the exercise. Here again is the scenario: Now that you have the budget set up, Craig would like to see the current Budget vs the Actuals so far this year for Amy, displayed by month. How would you prepare this report for him?
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