Book Keeping Task/QuickBooks/Statements
From PCSAR
< Book Keeping Task | QuickBooks(Difference between revisions)
(New page: Using QuickBooks for the Accounts of the Pincher Creek SAR Financial Statements Using QuickBooks Pro 2015, the reports the Boards needs can be set up thus: == Income & Expense == * choos...) |
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* set "Dates" to "This Fiscal Year-to-date" | * set "Dates" to "This Fiscal Year-to-date" | ||
* set "Display columns" to by "Total only" | * set "Display columns" to by "Total only" | ||
| - | * under "Add subcolumns", select "Show actuals" | + | * under "Add subcolumns", |
| + | ** select "Show actuals" | ||
| + | ** select "% of Budget", | ||
| + | ** deselect "$ Difference" | ||
* click on "Okay" | * click on "Okay" | ||
* To save yourself work next time, you can click on "Memorize" and then next month choose menu: "Reports > Memorized > Profit & Loss Budget vs Actual" to get to the same point. | * To save yourself work next time, you can click on "Memorize" and then next month choose menu: "Reports > Memorized > Profit & Loss Budget vs Actual" to get to the same point. | ||
Current revision
Using QuickBooks for the Accounts of the Pincher Creek SAR Financial Statements
Using QuickBooks Pro 2015, the reports the Boards needs can be set up thus:
[edit] Income & Expense
- choose menu: "Reports > Budgets > Budgets vs Actual"
- select the current budget
- click on "Next"
- click on "Next" again
- click on "Finish"
- click on "Customize Report"
- set "Dates" to "This Fiscal Year-to-date"
- set "Display columns" to by "Total only"
- under "Add subcolumns",
- select "Show actuals"
- select "% of Budget",
- deselect "$ Difference"
- click on "Okay"
- To save yourself work next time, you can click on "Memorize" and then next month choose menu: "Reports > Memorized > Profit & Loss Budget vs Actual" to get to the same point.
- Set the "To" date to the end of the year (December 31)
Because PCSAR does not operate to make a profit, the expression "Profit & Loss" is technically incorrect. The statement should be "Income & Expense". However QuickBooks uses the term "Profit & Loss" regardless, so we have to go with that.
[edit] Balance Sheet
- The Balance Sheet should be printed as "Year to Date".
