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We are a nonprofit that is new to Quickbooks. Our budget is based on annual expenses (not monthly). When we used Quicken, we handled this by putting the budget number in the December column (all others were zero). I've done the same in Qucikbooks, but the resulting report is not showing me what I want.
For example, we have a computer budget (annual) of $2,000. So far this year (2017), we have spend $400 in this category. When I run an annual budget vs actuals for Jan-Dec 2017, QB tells me the actual, but also says I am $400 over budget. How do I get QB to show me that I am actually $1,600 under budget for the year?
Thanks!
For example, we have a computer budget (annual) of $2,000. So far this year (2017), we have spend $400 in this category. When I run an annual budget vs actuals for Jan-Dec 2017, QB tells me the actual, but also says I am $400 over budget. How do I get QB to show me that I am actually $1,600 under budget for the year?
Thanks!