Hi there kbarrett,
It's vital for business owners to keep track of how much money they've spent compared to their budget in order to view how well their business is doing financially. The QuickBooks Online Plus plan allows you to create budgets so that you can compare them to your actual totals to see if your business is staying within your budget. I can provide some information on budget reports.
In order to run a Budget vs Actuals report, navigate to the Reports section then search for the term Budget in the search bar. Click on Budget vs. Actuals and you'll be able to see the report. The default view of the report will show you the budget as well as the totals for each month, but you can customize it to see it for the year instead. Click on the Customize option, then make sure the date range at the top is for the year you want to see. Afterward, select the Show Grid drop-down and select Accounts vs. Total. Once completed, click Run report so that you can now see your budget compared to your yearly totals.
If you have any other questions, feel free to reach out here.
