How to create a budget or forecast in QuickBooks desktop?

 

QuickBooks accounting software offers various features and functionalities to make accounting and bookkeeping easy for all sized businesses. One such feature is creating budget or forecast. This feature is helpful in easily calculating profit and loss and meet financial goals. The user might also require the numbers for expense and income to start off with the process. To learn the steps to create a budget in QuickBooks, you can read this post till the end. In this post, we are going to share the complete steps to create a budget or forecast. However, if you want professional assistance for performing these steps, then contacting our tech team will surely help. Get on a call with experts right away at 1-888-351-0999 and they will help you with the process further.

Steps for creating a budget

The user can try performing the steps below to create a budget:

·         The very first step is to move to the company menu and then hover over planning and budgeting.

·         After that, choose the setup budgets.

·         And also select create new budget.

·         The user will then have to set the fiscal year for the budget and select either profit and loss and balance sheet.

·         Select the next tab.

·         After that, add additional criteria if you go for the profit and loss option.

·         If the user chooses profit and loss, then it is recommended to either go for create budget from scratch or create budget from the previous year’s actual data.

·         The last step is to hit the finish tab.

Steps to create a forecast

The steps to create a forecast are as follows:

·         Start off by heading to the company menu and select the planning and budgeting tab

·         Now, choose set up forecast and then select create new forecast.

·         After that, set the fiscal year for the forecast and choose create new forecast.

·         The user is then required to set the fiscal year for the forecast.

·         The user can also specify additional criteria, like jobs or class tracking.

·         Either choose create forecast from scratch or create forecast from the previous year’s actual data.

·         The last step is to select finish tab.

Read Also: Resolve QuickBooks Update Error 15223

Towards the end of this post, we believe that the information shared above might be of some help in creating a budget or forecast in QuickBooks. However, if there is any query or if you need our assistance, then in that case consult our QuickBooks tech support team at 1-888-351-0999, and we will provide you with immediate support services. We are a team of certified QuickBooks professionals who work round the clock to provide immediate support services.