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Bring your budget into Fathom
You can import a budget from QuickBooks Online into Fathom at any time for your QuickBooks Online company. If you do not have a budget in QuickBooks you wish to use, then you also have the option to import a budget from Excel or save your forecast as the budget.
When adding a budget from QuickBooks Online, Fathom allows one budget for each financial year to be connected at a single time, enabling you to have one continuous budget covering multiple years in Fathom.
📝 Note: It is not possible to import a budget into Fathom from QuickBooks Ledger. You can import a budget into Fathom from Excel for QuickBooks Ledger companies.
Budget data for classes or locations
If you have classes or locations in QuickBooks, then you also have the option to bring in class or location budget data. The classes or locations must be imported into Fathom before their budget data can be imported.
Add a budget from QuickBooks Online
To add a budget to Fathom from QuickBooks Online,
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Import class or division budgets
When importing a budget from QuickBooks, Fathom will import the class or location budget data if the divisions themselves have already been imported.
If you do not see divisional budget data when you expect, then you should:
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If you have parent and child divisions (e.g. subclasses), then the child budget amounts will not roll up into the parent division unless the child divisions are unimported. To learn more about how Fathom treats parent and child divisions imported from QuickBooks Online, please see this article.
Add a budget from other sources
If you do not want to import a budget into Fathom from QuickBooks Online, then you can import a budget from Excel or save your Fathom forecast as the budget.
Excel
Please look at the following article for more details on importing a budget from Excel.
📝Note: Tracking category budget data cannot be imported via Excel unless the tracking categories have been imported into Fathom as standalone entities.
Add a budget from the company’s forecast
You can save the forecast you create in Fathom as your company’s budget.
You can completely replace your current QuickBooks or Excel budget with the company’s forecast or only partially replace your current budget.
View the following article for more details on saving your forecast as your company’s budget.
📝Note: It is not possible to save the forecast as the budget for the company if budget data for divisions or multiple financial years have been imported. You must remove the divisional budgets or budgets for additional financial years before you can save the forecast as the budget for the company.
Update your QuickBooks budget
You can update your budget data or change your budget in Fathom at any time.
To update the budget:
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Next Steps
Congratulations on importing your budget into Fathom! Continue the 'Get Started Workflow' and finish setting up your company for analysis, reporting, and forecasting by choosing from the options below:
What you want to do: | Next step in the process: |
Ready to set up your company profile and import your company logo into Fathom? | |
Happy with your company profile and want to check and customise your Chart of Accounts? | |
Happy with your Chart of Accounts and ready to set up KPIs to track your company's performance? |
Learn more