How to Creat a Quickbooks Budget

This is a brief overview of budgeting in Quickbooks. Checkout the great way to run an Income Statement for 10 years.

3) Budgets can be entered by account, class and customer: job or a combination of one or more scenarios.

2) Identify who will be using the budget and how it will be used.

4) Write your budget from scratch. It is easier to track your progress and know which accounts you still need to create a budget.

2009 has been a tough year. Now that we are well into the 4th quarter of 2009, it's time to start thinking about 2010. For all of us accountants that means budgets. For all of you using Quickbooks, I hope you are using Quickbooks to enter your budgets.
1) Make sure you budget to the chart of accounts you already have.

5) Run supporting reports - Run Profit and Loss for a 5 years, 10 years or however much data you have in Quickbooks.
Reports - Company & Financial - Profit & Loss Standard
Change the Dates to your date range. In the COLUMN box change
it to YEAR.

Difficulty: Moderately Easy