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Finance216
Level 1

Can I add a line item to an existing budget? How do I do that?

I created the 2025 budget for my organization in February. Now I need to add a new line item to the budget. How do I do that?

1 Comment 1
MoiraskyeT
QuickBooks Team

Can I add a line item to an existing budget? How do I do that?

Yes, Finance216. You can add a line item to your budget by creating a new account in your chart of accounts. This will automatically update your budget with the new line.  I'd be glad to walk you through the process.

 

To add a line to your existing budget, please follow these steps:

 

  1. Navigate to the settings and select the Chart of Accounts option.
  2. Select the New button to initiate the creation of a new account.
  3. Fill in the necessary details for the new account, such as the account name, account type, and any other relevant information.
  4. Save the newly created account.

 

Once you create a new account in the Chart of Accounts, you can select it in your existing budget. Here's how to add it:

 

  1. Access Settings and click on Budgeting.
  2. Select the budget you wish to adjust.
  3. Verify that your newly created account is listed in the Accounts section.
  4. Enter the budget amount for the new item. 
  5. Save the updates to your budgets. 

 

For more information on how to add budgets into QuickBooks, please feel free to check this article: Create budgets.

 

If you're looking to review your Budget vs. Actual report, consider reading this article for insights: Run a report in QuickBooks Online.

 

 You're welcome to contact us anytime with additional questions about adding line to your existing budgets or any other QuickBooks concerns. The Community team is always ready and eager to support you, Finance216.

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