We developed our budgets at the class level in order to track depts. We have the corresponding classes on the expense and revenue transactions . How can we generate a "budget vs. actual" for each class?
Delighted to have you here, @Dawn18.
I'd be pleased to help walk you through creating a Budget vs. Actual report by class.
That should do it! This will get you on the right track generating a Budget vs Actual by Class report.
If there are any features you'd like to learn more, our Community articles can come in handy.
New to QuickBooks Online - I have reviewed the steps posted to run a Budget vs Actual by class, but after selecting budget vs actual report to run, I do not see the option to select P&L Class Report by class. What am I missing?
Hi there, Nona.
The steps that my colleague provided above is intended for QuickBooks Desktop. I'll walk you through on how to run a Budget vs Actual report by class in QuickBooks Online.
First, let's turn on your class tracking menu. Here's how:
Then, let's make sure to add subdivided budget for class.
Then, go back to Reports and run the Budget vs. Actual report.
Also, you can run the Profit & Loss by Class report separately. Just enter Profit and Loss by class in the Search field.
Please get back to us if you need more help.