Because nonprofit organizations often depend on memberships, grants, or
fundraising for their survival, budgets that plan for your financial future can
be critical. Budgets help you plan for the future and understand the costs you
have already committed to for the fiscal year.
You can set up budgets that show your projected income and expenses and your
projected account balances. You can then compare your actual income and
expenses or your actual account balances against your plan by creating budget
QuickBooks includes two customized nonprofit budget reports:
Budget vs. Actual by Program/Projects and
Budget vs. Actual by Donors/Grants.
You may also want to customize
the Profit & Loss Budget Performance report to
make it more useful. You can:
Select the $ Difference checkbox on the Display tab.
Change the title of the report to Budget Performance Year-to-Date.
Memorize your customized report.
How many budgets
can I create?
up a budget