The Create New Budget window. • Select the year that you want to budget.

Use the date field to specify the fiscal year. You use the arrows at the end of the field to adjust the year number incrementally. • Select the type of budget that you want to create. See those two radio buttons on the Create New Budget window?

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QuickBooks for Mac (2012 and later) Conversions from QuickBooks Windows version 2007 and prior, QuickBooks Enterprise 2013 and prior, and QuickBooks for Mac 2011 and prior require additional steps; visit The Survival Guide – Import to QuickBooks Online from QuickBooks Desktop for instructions. You can choose from these three options to create your budget in QuickBooks Online Plus. Click in the button in front of No amounts. Create budget from scratch, and then click Next.

They let you tell QuickBooks whether you want to create a budget of income and expense amounts (done with a pro forma profit and loss statement) or a budget of year-end asset, liability, and owner’s equity account balances (done with a pro forma balance sheet). Typically, you want to budget income and expense amounts (Profit and Loss radio button). After you indicate for what year you want to budget and whether you want to budget income statement amounts or balance sheet amounts, click Next.

• Provide any additional budgeting criteria and instructions. QuickBooks asks next whether you want to budget using additional criteria, such as Customer:Job information or class information. You answer this question by selecting the radio button that corresponds to the budgeting criteria you want and then clicking Next. (If you’re just starting out, don’t worry about specifying additional criteria. Keep things simple to start.) • Indicate whether you want to start from scratch; then click Finish.

QuickBooks asks whether you want it to create a first cut at your budget by using last year’s numbers or whether you just want to start from scratch. To answer this question, select the option button that corresponds to your choice.

For example, to budget from scratch, select the Create Budget from Scratch radio button. QuickBooks displays the Set Up Budgets window.

The Set Up Budgets window. • Do your budget. You use the Set Up Budgets window to identify the budgeted amounts that you plan for each account. Just click the monthly amount you want to budget and enter a value. If you say that you want to budget from scratch, by the way, QuickBooks shows a window with a bunch of empty columns. If you say that you want to base the coming year’s budget on last year’s real numbers, you see numbers in the columns. If your Set Up Budgets window is too big for the monitor, QuickBooks shows only a few months of budgeted data at a time and often only some of the buttons.

You should be able to click the Show Next 6 Months and Show Prev 6 Months buttons to move to the next or previous part of the budget year. You can also sometimes tweak the Windows display settings (specifically, the screen resolution) to see the full year. The Budget drop-down list, at the top-left corner of the Set Up Budgets window, lets you select the budget you want to work with. You can work with several different versions of your budget. (To create a new budget, click the Create New Budget button, which guides you through the process described previously.) To copy the amount shown in the selected box across the row, click the Copy Across button. (This lets you copy, for example, some amount you budgeted for January into February, March, April, May, and so on.) If you want to be a little fancier, you can also select some budgeted amount and click the Adjust Row Amounts button. QuickBooks displays the Adjust Row Amounts dialog box, which lets you adjust the selected amount by some specified percentage increase or decrease.