2021 Quickbooks Pro DESKTOP Project budget

I can help you set up your jobs and create a budget for them, LAWYERUP.

You can set up an individual job for a customer to keep track of your income and expenses on a job-by-job basis. Here's how: 

1. Open your QuickBooks Desktop company file.
2. Click Customer and select Customer Center.
3. At the upper-right of the Customer Center window, click New Customer & Job. Then, Add Job.
4. Enter the Job Name, select the customer, and enter the rest of the job details.
5. Click OK to save.

You'll see from the list that it's already under the customer's name, Whenever you create invoices for this job, just select it. 

To start creating a budget, you can use these steps: 

1. Go to the Company menu and choose Planning & Budgeting. Then, select Set Up Budgets.
2. Click Create New Budget.
3. Set the fiscal year for the budget, then choose either Profit and Loss and Balance Sheet. Then, Next. 
4. Select either Create budget from scratch or Create budget from the previous year's actual data.
5. Click Finish.

Feel free to use these articles that will help you how you can track job costing in QuickBooks Desktop and review your budgets. 

Let me know if you have other questions by mentioning me in your reply. I'm just around to help you with it. Take care!

So the budget part can be for individual jobs?  for example if job 2566 has a $350 k budget i can track just that and hte invoicing to get the $350k as well as payments attributable to that budget?

Hi there, @LAWYERUP.

Thank you for keeping us updated. Let me guide you with what to do.

To use the full range of Job Cost reports you'll gonna need to enter estimates in QuickBooks. This way, you can make sure your project budget is on track. Make sure to turn on estimates and create one after.

To turn on estimates:

1. Login to QuickBooks as Admin.
2. Go to the Edit menu and select Preferences.
3. On the left pane, choose Jobs Estimates then go to the Company Preferences tab.
4. Hit Yes.
5. Hit Ok.

To create estimates:

1. From the Customers menu, select Estimates/Create Estimates.
2. Select a customer or customer job or Add new.
3. Fill in the relevant information.
4. In the detail area, select the item(s) you propose to do or include as a sale.
5.  If you want to apply for a discount, you need to create a discount item.

For more details, you can review this article: Create an estimate in QuickBooks Desktop.

Just reply to the thread if you have further questions. Have a great day!

I would like to know how to create budget with the existing budget and transfer to excell sheet 

Hello,

I work with an interior design and construction firm, we have been using estimates in quickbooks with the price proposed to the client, but I haven't been able to create a job cost, where can I keep track of the job our cost before proposing an estimate to the client.  Can I do that in quickbooks desktop?

Thank you for joining the thread, @iiiviewdesign.

Allow me to walk you through how you can set up and track your job costs in QuickBooks Desktop (QBDT).

Beforehand, ensure that each item contains enough information because the detail of it will determine the clarity of your job costs reports.

Here's how:

1. Set up a Customer: Job for each of your jobs, to keep track of your income and expenses on a job-by-job basis as well as to simplify your bookkeeping.
2. Assign all your expenses to Jobs.
3. Enter your Estimates in QuickBooks Desktop.
4. Create appropriate invoices. Select the right Customer:Job.
5. Run Job costing reports to see how your business is doing on a job-by-job basis.

You can read this article for the detailed steps: Track job costs in QuickBooks Desktop.

If you also want to personalize your reports, you can read through this article: Customize reports in QuickBooks Desktop.

Feel free to reply to this post if you have additional questions about tracking your job costs in QBDT. I'll be happy to lend a hand. Have a good one!