Budgeting question

[James]

I use Quicken to manage the checking account on a small non-profit
organization. I would like to use it todo the budgeting as well.

My questions is, we start getting income for member renewals in the last
couple months of the year and for budgeting purposes, I'd like to count
that for the next year. For example, I am now getting member renewals for
the 2005 calendar year and I would like to apply that income to the 2005
budget. Any suggestions on how to best set that up in Quicken 2004?

Thanks in advance,

JimA

 

[Jim M.]

A couple of suggested approaches ......
1) Set up a category under income called "Dues - next year" and record
accordingly. You can include or exclude this category when you generate
reports (income related reports)
2) When you record the income, use a date of Jan 1, 2005. (maybe put in the
memo section the actual date received)

Have fun!
Jim M.

 

[John Pollard]

I use Quicken to manage the checking account on a small
non-profit organization. I would like to use it todo the
budgeting as well.

My questions is, we start getting income for member renewals
in
the last couple months of the year and for budgeting purposes,
I'd like to count that for the next year. For example, I am
now
getting member renewals for the 2005 calendar year and I would
like to apply that income to the 2005 budget. Any suggestions
on how to best set that up in Quicken 2004?

Quicken will allow you to set your own fiscal year; try having
your fiscal year start in October or November.