Question on Budget Report Window
What is function of (difference between) the Budget drop down vs. the Budget Year drop down in terms of what the budget report displays? For instance what is displayed if I select Budget_2016 and Budget Year 2015 instead of Budget Year 2016. Any help appreciated. Thanks.
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You can change the Budget Name from the Planning tab, Budgets view.
Click Budget Actions / View options / Edit Budget Name.
Simply call it "Budget" or "Budget 1" or "My Budget".
So when I create a budget report I see the following (see the attached screen shot):
1. The column "Actual" totals are determined by the selected date range, my 2016 actual totals.
2. The column Budget(ed) amounts are determined by the selected "Budget Year" drop-down, my 2015 budgeted amounts.
3. The column "Categories" are determined by the selected "Budget" drop-down, my 2016 categories.
I'm not sure why one would want to see one years/periods actual totals with a different years/periods budgeted amounts and a different years/periods categories but the flexibility is there if you want it.
All the budget numbers for given years will be separate. So just like your creating of a new budget each year, when it extends into the next year the numbers for this year really have nothing to do with the ones from last year.
Actually I did think of one reason for the extended budget and that is the rollover amounts.
The rollover amounts will rollover to the next year for the "extended" year.
That might something that people want depending on the category.
I should note two things about "extending". First off I have noticed that if you open say last year's budget in this year, Quicken is going to extend it into this year, and you can't stop it.
Also if you extend the budget there is no function to "truncate" it.