Budget issue in QuickBooks Mac 2012

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Profit and Loss Budget Overview is incorrect when Fiscal Year is not equal to Calendar Year

 There have been a lot of users affected by a peculiar bug in QuickBooks for Mac 2012, if they were on a non-calendar fiscal year.  Intuit released an update today that should correct this.
The issue:

After creating a budget for a single month the Profit and Loss Budget Overview report shows budgeted amount for the budget month plus an additional month, doubling the budget amount for that account.

If you create a budget for all months of the fiscal year and then delete one month the report will remove the budget amount from that month plus an additional month.


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