How to set up budget report

Quickbooks Budgeting is not currently working.  How are we supposed to work around this issue in our company? Not create budgets?

Hi there, flaniganrobert.

I've seen a couple of similar cases about customers getting a spinning circle or errors when creating budgets in QuickBooks Online. Our Engineering Team are already working to determine the cause of the issue. 

Please contact our phone support team for us to add you to the notification list. You will receive an email immediately after the issue is resolved. Here's how:

1. Click the Help menu in the upper-right hand corner, then click Contact Us.
2. Provide a short description of you concern to make sure you're routed to the right support, and click Continue.
3. Either select the option to call us or ask for a callback.

Visit us again in the Community if you need have other questions.

The data that I need to track is from a federal award and the award period is different than my companies fiscal year.

Are there any suggestions on whether to load the budget according to the fiscal year or grant period?

Can more than one budget be used a time for different awards?

I'm glad to see you here in the Community, LM4243.

We can create a different budget report according to a fiscal year or grant period in QuickBooks Desktop (QBDT).

Here's how:
 

1. Go to the Reports and tap Company & Financial.
2. Tick Profit & Loss Detail or Balance Sheet Detail depending on what you want to forecast or budget for.
3. From the Dates dropdown, select Last Fiscal Year/grant period.
4. Hit Refresh.
    

You may check out this article for more information about budgeting in QBDT: Create a budget or forecast in QuickBooks Desktop.

In tracking federal rewards, I recommend working with an accountant for guidance. They can advise you on what account to open.
 

You might want to read this article in case you want to memorize the report for future use. It also contains complete steps to access and modify them.

Reach out to me again if you still have questions about reports and budgets. I’ll be right here and make sure you’re taken care of. Have a great day!

Does Quickbooks Online have the same options?

Hi LM4243!

it's great to see you here in the Community! I'm happy to provide information about creating budgets in QuickBooks Online.

Yes, QuickBooks Online has a counterpart for creating budgets, and it's available in the Plus and Advanced plans. If you're using Essentials or Simple Start, you can upgrade.

I'd like to share this article that pretty much explains how to create and manage budgets, and run budget reports: Create and import budgets into QuickBooks Online.

Please don't hesitate to comment below if you have questions along the way. I'm just around to help.