Hi Sherry,
You can also clear the budgets for the most recent fiscal year by opening the Edit Budgets screen, multi-select the accounts, then click the Clear button. This also works for the Forecast amounts in Ledger.
Note that this works only for the Current fiscal year (if Next Year hasn't been created yet), or the Next fiscal year if it has been created. You cannot clear budgets for an older year.
Make sure you have a good data backup before running this.
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Regards,
Softrak Tech Support