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Established Member

Is there a way to create a completely custom budget for a particular project in Quickbooks? I'm having trouble; it needs to be job specific, without the tax stuff

 
7 Comments
QuickBooks Team

Re: Is there a way to create a completely custom budget for a particular project in Quickbooks? I...

Yes, you have that option, tjcoateswm. 

 

Once you have turned on and created a project, it'll show as an option on your Budget page. You'll know that it's a project when there's a colon separating the project and the customer name. budget.PNG

 

You can refer to these articles that will help you more with Budgeting: 

Let me know if you need anything else. Have a great day!

Established Member

Re: Is there a way to create a completely custom budget for a particular project in Quickbooks? I...

Hi Catherine B

I'm confused as the response I received via e-mail from you said that this option was unavailable? Is that incorrect?

It also stated that you guys could load a budget for a particular customer - if so, what is the cost associated with this?

Thank you

Becky

QuickBooks Team

Re: Is there a way to create a completely custom budget for a particular project in Quickbooks? I...

Hello Becky

 

The email you received is for the initial response that I've drafted. The steps you're seeing now in this thread is the updated and correct one. I also added a screenshot to show how it looks like creating a budget. I just made sure to turn on my Projects feature. Then, created a project for a customer.

 

Let me show you how: 

  1. From the Gear icon, select Account and Settings
  2. On the left menu, choose Advanced
  3. Then, click the pencil icon along the Projects section. 
  4. Put a check on the Organise all job-related activity in one place box. 
  5. Then, click Save and Done

You should now see a Projects shortcut on left-navigation menu. From there, you can add your first project.

 

You can create as many budgets as you like. It's included in the QuickBooks Online Plus plan for free. You can check out the links I provided above about budgets. 

 

Just post a reply if you need more help. 

Established Member

Re: Is there a way to create a completely custom budget for a particular project in Quickbooks? I...

Good afternoon,

 

I have created our projects, went to the budget screen and selected the project.

 

However, I need to use the Product / Item list to create the budget.

We can only select from the Chart of Accounts.

 

Is there a way we can select the product / items list?

 

Example:

Item / product                       Budgeted Cost              Markup (value)        Selling Price

Units                                       1000.00                            100.00                      1100.00

Piping                                      1000.00                            100.00                     1100.00

 

Projects are normally a once of budget at the beginning of the job and you will need to track the cost on a monthly basis by comparing the budgeted cost to the actual cost. 

 

I cannot see how change the budget accordingly. 

 

Please assist. 

 

Thank you. 

Community Contributor *

Re: Is there a way to create a completely custom budget for a particular project in Quickbooks? I...

I'm still waiting on an answer for this too - spent 2 hours in a chat with help team member but they only showed me things I already knew how to do.

 

We have an operating budget and need to track this by project, including billable hours, but there isn't a way to track this.

 

Fingers crossed a few more people ask.

 

Community Contributor *

Re: Is there a way to create a completely custom budget for a particular project in Quickbooks? I...

I'm still waiting on a work around for this too.

 

Not sure it's supported at the moment but it seems counter intuitive to have a Project option but make it so hard to track an operating budget for that project.

 

I've tried setting up everything as Income or Expenses but one way doesn't allow to expand (Income), and the other way won't include billable hours as invoiced within the operational budget (Expense).

 

Very frustrating.

Established Member

Re: Is there a way to create a completely custom budget for a particular project in Quickbooks? I...

Thank you.