New to working with the budget. Just curious as to why its "red" in the Difference recap?

waterguy1111 · November 2019

I am just curious as to why the Difference in the Budget I am trying to work up is red. If my Income is above my bills, shouldn't it be green? just curious. Thank You!

John_in_NC · November 2019

Welcome to budgeting!

You have provided scant details to help figuring this out, though. From your screenshot, I notice you have an odd budget year setup: Nov '19 to Oct 2020. Is that what you really want?

Most people use Jan-Dec. When you setup a new budget, allow it to use 1/2019 as your starting point. That odd year might be what is causing your unexpected difference.

NotACPA · November 2019

The Budget year should be the same as your Tax year. SO is this for some sort of corporate account with a REALLY odd fiscal year?

John_in_NC · November 2019

Welcome to budgeting!

You have provided scant details to help figuring this out, though. From your screenshot, I notice you have an odd budget year setup: Nov '19 to Oct 2020. Is that what you really want?

Most people use Jan-Dec. When you setup a new budget, allow it to use 1/2019 as your starting point. That odd year might be what is causing your unexpected difference.

NotACPA · November 2019

The Budget year should be the same as your Tax year. SO is this for some sort of corporate account with a REALLY odd fiscal year?

waterguy1111 · November 2019

Thank You both! I will change the dates. I figured since I just started the program I needed to start with the month that I started. I will give the date change a try. I'll let you know.

Thanks Again!

New to working with the budget. Just curious as to why its "red" in the Difference recap?

Best Answers

Answers

Categories