How do you manage Gross Budget vs Net Budget in quicken?

jmulheron

I'm managing a budget that has both a gross budget (the amount that can be spent) and a net budget (the final amount spent after offsets from income). For example: The gross budget is $6000. We are expecting to bring in $1000 so the net budget is $5000. At the end of the year we need to hit the net budget. Has anyone managed this type of scenario in Quicken?

Chris_QPW

It sounds like you are talking just about the difference between your budget and the actual result.

Quicken budgets have the budget number, an actual (filled in by the actual transactions or reminders for the future predictions), and a balance that subtracts these. This is per category (horizontal totals). And then there is the "vertical" totals which are income vs expense.

Chris_QPW

It sounds like you are talking just about the difference between your budget and the actual result.

Quicken budgets have the budget number, an actual (filled in by the actual transactions or reminders for the future predictions), and a balance that subtracts these. This is per category (horizontal totals). And then there is the "vertical" totals which are income vs expense.

jmulheron

Thanks! I figured out how to manage this as it was only one category that was net vs gross. The more they bring in the more they can spend but the at the end of the day - they can only spend $5000 net.