I have QuickBooks Nonprofit. I have a couple of grants that span over two fiscal years. How do I enter the budget and then run budget comparison reports? It does not carry forward the budget from one fiscal year to another. I also cannot print a general ledger which spans more than one fiscal year. Please help.
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You can use estimates instead of budgets and the Job Estimates vs. Actuals reports for tracking.
However, you’ll need to create service items and use them on your purchase transactions (bills, checks, credit card charges). You’ll also need to add service items to your paychecks, in addition to payroll items.
If you need to setup payroll, here’s a blog post that will help – How to Setup Payroll for Job Costing in QuickBooks for Contractors.
This article is provided for informational purposes and is not intended to be construed as legal, accounting, or other professional advice. For further information, please consult appropriate professional advice from your attorney and certified public accountant.
Written by +Ruth Perryman, CMA, CFE, CFM, MBA
Ruth is the president of The QB Specialists, an Intuit Premier Reseller that offers huge savings and expert advice on QuickBooks POS and QuickBooks Enterprise. She is an Advanced Certified QuickBooks ProAdvisor and a member of Intuit’s Trainer/Writer Network. She is also certified in QuickBooks POS and QuickBooks Enterprise and has provided expert QuickBooks help to thousands of businesses all over the world since 1996.
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