cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Experienced Member

Budget vs Actual at Class level

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?

3 Comments
QuickBooks Team

Re: Budget vs Actual at Class level

Delighted to have you here, @Dawn18.

 

I'd be pleased to help walk you through creating a Budget vs. Actual report by class. 

 

With QuickBooks Desktop, you have the ability to customize and filter your reports to suit your business needs. Since you've already created budget per class level, here's how to run the report:

  1. Go to Reports.
  2. Select Reports Center.
  3. Choose Budgets & Forecast section. 
  4. Click Budget vs. Actual report to run. 
  5. Select Profit & Loss by Class, then click Next.
  6. Under report layout, choose Account by Class, then click Next.
  7. Click Finish.

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. 

Experienced Member

Re: Budget vs Actual at Class level

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?

Thanks

QuickBooks Team

Re: Budget vs Actual at Class level

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: 

  1. Go to the Gear  icon.
  2. Click Account and Settings.
  3. Select Advanced.
  4. Turn on the Track class menu in the Categories section.

Then, let's make sure to add subdivided budget for class.

 

Here's how: 

  1. Go to the Gear icon.
  2. Click Budgeting.
  3. In the Add Subdivided for field, choose 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.