Click New Budget to open the mini-interview wizard (if it didn’t open automatically). To get started building your budget, click the gear icon again and select Tools | Budgeting. The first entry here tells you what the First month of fiscal year is. Click the gear icon in the upper right next to your company name, and then select Account and Settings | Advanced. QuickBooks Online Plus can’t tell you how to plan the next year in terms of numbers, but its tools can make the mechanics of building a budget easier.įinding the start of your fiscal year in QuickBooks Online Plusĭo you know exactly when your fiscal year starts? You’ll need this information before you can get started on your budget. How do you know what your income and expenses will be for the coming year? The biggest stumbling block is probably the sense of uncertainty.
Why is this chore so difficult? Several reasons. You, on the other hand, must go it alone – or with the help of other staff if your company is big enough. Large corporations have entire teams of accountants that work on this critical element of financial planning.
The word evokes a sense of dread in most small business managers’ minds. QuickBooks Online Plus offers tools that simplify the process.īudget. QuickBooks Inventory Tracking to FishbowlĮveryone groans when budget time rolls around.
