In 2022, how to create Quicken Premier budget with 2021 actuals, not budget amounts?

Using Windows download version. Tried instructions from previous years (December 2020 by MontanaKarl) and I still got previous year budget amounts.

Answers

  • UKR
    UKR SuperUser ✭✭✭✭✭
    When you extended your budget into 2022 you should have received a prompt:
    I'm not sure, but shouldn't the 2nd choice have given you what you wanted?
  • Chris_QPW
    Chris_QPW Member ✭✭✭✭
    There are three different ways to create a budget for 2022, and unfortunately all three have completely different options.


    1) You select: Budget Actions -> Create Budget, and select next you get this dialog:


    You will notice the only choices here are what categories will be picked (and by you or Quicken), there isn't any choices about what the budget numbers will be.  They will be created by Quicken based on your past transactions.

    2) You have an existing 2021 budget, and your system date is before 2022.  You select the following button to extend it into 2022.


    You have these choices:


    3) You didn't extend the budget in 2021, and now you are opening it in 2022.


    As you can see with this you get no choices at all.

    It has been a complaint for many years that one should have the same choices for #3 and #2, and I'm sure there is an idea thread for it somewhere, but it has never been changed.
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  • BarbGB
    BarbGB Member
    In the past when I tried option #2 in the first example, it didn't bring in the actuals - still had a bunch of budgeted numbers. You are right, this should be available - maybe not easy for a software developer?
  • Chris_QPW
    Chris_QPW Member ✭✭✭✭
    BarbGB said:
    You are right, this should be available - maybe not easy for a software developer?
    More likely not high on their priority list.
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  • Chris_QPW
    Chris_QPW Member ✭✭✭✭
    BarbGB said:
    In the past when I tried option #2 in the first example, it didn't bring in the actuals - still had a bunch of budgeted numbers. 
    It worked for me when I tried it this year.  Just to make sure it is clear of what it does, it used the last 12 months of income/expenses to set the categories for the next year.  That is why doing it on 12/31 it the best day to do it on.
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  • BarbGB
    BarbGB Member
    Thanks, I'll make a reminder to do it the last day instead of waiting until the new year.
  • Chris_QPW
    Chris_QPW Member ✭✭✭✭
    Note I missed one way to do this as mentioned in this comment by @Rusty Dockery :
    https://community.quicken.com/discussion/comment/20234444/#Comment_20234444

    You can also use: Budget Actions -> Duplicate this budget with your 2021 budget as a starting point for a 2022 budget.
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