Budget in Quicken not adding up correctly? Or am I missing something?

ajnealey

I created a budget for discretionary spending. When I click on "Budget" within Quicken to view the current month (August), the first row on top is labeled "Budgeted Expenses" and has the bar to show it's current progress. In this example, it's a red bar with $3938 being shown. The "Goal" to the right of the red bar is $3837 and "Results" is $101 over. But if I add all of the expense items down the budget list with a calculator, it is actually $7,284 spent. This is way off. Am I missing something?

Thanks for your help,
AJ

UKR

ajnealey said:

I created a budget for discretionary spending. When I click on "Budget" within Quicken to view the current month (August), the first row on top is labeled "Budgeted Expenses" and has the bar to show it's current progress. In this example, it's a red bar with $3938 being shown. The "Goal" to the right of the red bar is $3837 and "Results" is $101 over. But if I add all of the expense items down the budget list with a calculator, it is actually $7,284 spent. This is way off. Am I missing something?

Thanks for your help,
AJ

When tallying up numbers with your calculator, be sure to not add subtotals into your numbers, e.g., in case of categories that also have subcategories:

- Food                    $100<br><div>-- Food: Dining Out        $50</div><br><div>-- Food: Groceries         $30<br>-- Food: The Daily Coffee  $20</div>

In this example, the subtotal shown for Food adds together the total expenses for all the subcategories and needs to be excluded from your calculator entries.

If that doesn't answer your question, please show us your numbers and point out where you have problems. Create an image snapshot of the part of your your Quicken window showing the issue and drag and drop it into your response.

Quicken_Tyka

Hello Ajnealey,

Sorry, you have yet to receive a response.

I have added my expenses on my budget and mine is equal to the number shown in budget expenses, so I am unable to recreate the issue.

Can you try capturing some screenshots of the expenses and what you are seeing to help us try to get an idea of what's going on?

For steps, on capturing a screenshot, please see here.

Thank you!

UKR

ajnealey said:

I created a budget for discretionary spending. When I click on "Budget" within Quicken to view the current month (August), the first row on top is labeled "Budgeted Expenses" and has the bar to show it's current progress. In this example, it's a red bar with $3938 being shown. The "Goal" to the right of the red bar is $3837 and "Results" is $101 over. But if I add all of the expense items down the budget list with a calculator, it is actually $7,284 spent. This is way off. Am I missing something?

Thanks for your help,
AJ

When tallying up numbers with your calculator, be sure to not add subtotals into your numbers, e.g., in case of categories that also have subcategories:

- Food                    $100<br><div>-- Food: Dining Out        $50</div><br><div>-- Food: Groceries         $30<br>-- Food: The Daily Coffee  $20</div>

In this example, the subtotal shown for Food adds together the total expenses for all the subcategories and needs to be excluded from your calculator entries.

If that doesn't answer your question, please show us your numbers and point out where you have problems. Create an image snapshot of the part of your your Quicken window showing the issue and drag and drop it into your response.