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Qickbooks online to track a Renovation project budget

Hi Community

Need some instructions and recommendations on how to setup Qickbooks online to track a Renovation project budget. Need to track actual vs forecast at percentage or time per

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QuickBooks Team

Qickbooks online to track a Renovation project budget

Hi there, @Ally11223.

 

Thanks for asking for recommendations here in the Community. I'd be happy to guide you in creating a budget project in QuickBooks Online. 

 

Here's how:

 

  1. Go to the Settings (gear icon) menu, then under Tools, choose Budgeting.
  2. Select the Add budget button, then enter a budget name in the Name field.  
  3. From the Fiscal Year drop-down, select the fiscal year for the budget, then use the options on the Interval drop-down menu to specify whether the budget is MonthlyQuarterly, or Yearly basis.
  4. Select Customer from the Subdivide by drop-down, then choose the project. 
  5. Select Next, then enter the amount per account and click Save and close.

 

You can also visit this article to learn more about managing the budget: Create and import budgets into QuickBooks Online.

 

For future reference, you also want to read this help article: Track income, costs, and profitability by project. It helps you learn about using projects to calculate your business income and its costs. 

 

Drop by the Community again and post more, @Ally11223. I'm always delighted to be your QuickBooks guide. 

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