Restart your Budget (without removing transactions)
If you've fallen behind on your budgeting and want to start fresh without starting from scratch, follow these steps to reset your budget:
Step 1: Address Uncategorized Transactions
- Go through any transactions that haven't been categorized.
- If you're unsure where to assign certain transactions, create a temporary category named "Budget Reset".
- Once you've categorized all transactions, you can hide this temporary category.
Step 2: Reconcile Your Accounts
Using the Reconcile feature, bring your accounts up to date with a current balance. This ensures that your accounts reflect the actual available funds.
Step 3: Adjust Previous Months' Budgets
- Navigate to the month prior to your new start (e.g., the end of May, if the month you're restarting from is June).
- Review each budget category:
- If a category has a negative balance, allocate additional funds to bring the balance to zero.
- If a category has a positive balance, click on the category and transfer the balance amount back to the "To Budget" area.