November 2024
Beginner
448 pages
10h 8m
English
Content preview from QuickBooks Online For Dummies, 2025 Edition, 10th Edition
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Chapter 12
Formulating Budgets and Planning Cash Flow
IN THIS CHAPTER
Basing a budget from actual results
Editing your budget
Uploading budgets from a spreadsheet template
Running budget-related reports
Projecting cash flow
If you want to create a budget within QuickBooks, you need a Plus or Advanced subscription. Budgets are typically projections of revenues and expenses for the coming year. QuickBooks allows you to choose from that type of budget, known as a Profit and Loss budget, or you can forecast assets, liabilities, and cash flow by way of a Balance Sheet budget. As the year rolls on, actual results can be compared to a budget to monitor whether things are going as planned. Budgets can be based on current or prior fiscal year actual results or started from scratch. Budget numbers can be entered directly into QuickBooks or imported from a spreadsheet template. From there, the Budget Overview and Budgets vs. Actual reports enable you to keep tabs on your financial prognostication. ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.