Book Keeping Task/QuickBooks/Statements

From PCSAR

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

• 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" and "% of Budget", but 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)
• Print

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.

Balance Sheet

• The Balance Sheet should be printed as "Year to Date".