Question
Current budget vs actual excluding prior year reimbursements residuals
I am the treasurer for the school PTA and we receive reimbursements for purchases from the recently completed fiscal year. So for example, for an event that occurred in April, I received a reimbursement request in August. I would like the reimbursement to be reflected in the prior year budget but because the payment was made in the current fiscal year, it is reflected in the current budget. Is there a way in QuickBooks to designate what year the transaction should be reflected in the budget? I would like to run a current budget vs actual that exclude these reimbursements from prior year.