I have recently take a position with a 506(c)3 not-for-profit membership based agency. They have been using QB 2005 Pro, but not from a budgeting perspective. The FY runs October 1 - September 30. Where would I start to look for resource information that would walk me through creating a budget for the existing 2004/2005 FY and then creating a new budget for FY
2005/2006? Any help will be most appreciated. Thank you.
In addition to the suggested manual at Sleeter I would also look at the past few years worth of actuals to give you an idea of the expense stream for the organization. For lines (utilities)that have recurring expenses just use the current monthly rate and apply expected periodic increases after discussing your account with the various vendors. Some lines may be contracts (insurance) that need to be followed. For our homeowner association we take the prior years annual actuals and apply appropriate increases (usually 3 or
5%) as our starting point.BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.