Carry Over Added to Budget?

by Jeff
(Beaverton, OR)

Does carry over or cash on hand at year's end have a place in the next year's budget?

Every year the question comes up about how to account for cash on hand at year's end (Income minus expenses) and whether or how it can be applied to the next year's budget.

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Jun 30, 2014

Carry Over Added to Budget?
by: Anonymous MN

I would suggest that you don't try to include any carry over into the following year's budget. The carry over should be funds in your bank account to help thru the first weeks of your new year, especially if your year runs Jan to Dec as Jan income is often one of your lowest months.

If your carry over gets to a significant amount possibly you could budget some expenses knowing that your income probably for the coming year will not exceed your expenses.

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