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January 16, 2019
Question

Create a project budget

  • January 16, 2019
  • 2 replies
  • 78 views

Hi all,

 

maybe a dumb question...but how do i find a button to create a budget for a project? or for the whole year? i cannot find it anywhere...

 

thanks

2 replies

Adrian_A
Level 8
January 16, 2019

 Let me help you how to create a budget, Ludus Magnus.

 

QuickBooks Online Budgeting feature uses the expense and income. To create a Project budget, you have the option to subdivide the budget per project.

 

Here's how:

  1. In the upper right corner, click the Gear icon.
  2. Under Tools, choose Budgeting.
  3. Select the Add budget button.
  4. In the Name field, enter a budget name.
  5. From the Fiscal Year drop-down, select the fiscal year for the budget.
  6. Use the options on the Interval drop-down menu to specify whether the budget is Monthly, Quarterly, or Yearly basis.
  7. From the Subdivide by drop-down, select Customer then choose the project. 
  8. Select Next.
  9. Enter the amount per account, then click Save and close.

 

You can learn more about managing budgets here: Create and import budgets into QuickBooks Online.

 

If you have other questions, you can always drop by the Community. We'll be here.

May 29, 2024

I have no "add budget" button, just a "create budget" button which doesn't let me set an annual budget just a monthly one

June 12, 2024

Thanks, but I don't have the blance sheet option which appears to be what I need. I see the attached:


Thanks RCV  but I don't have the options you say are available. There is no "balance sheet" option as you ilustrate. Can you please tell me how to set the starting value for an individual class in a budget? I've attached a screen shot by way of confirmation.

 

Thanks,

 

Cath

qbteachmt
Level 11
January 16, 2019

@Adrian_A

Please Learn from this input.

 

@Ludus Magnus

 

The function is Estimate. That is "project baseline" instead of Financial Budget.

 

Here's why:

 

Budgets are Fiscal Year based, and Estimates stand for the entire lifecycle of the project, customer, etc. And you get to list Products and Services, Noninventory items, and use Quantity on the Estimate.

February 25, 2019

I created a budget within a customer and project.  How do I run a profit and loss showing my actual to budget?

 

HoneyLynn_G
Level 6
February 25, 2019

Good day, @peppersprout!

 

Thank you for joining this thread. I can help you run and customize the Profit and Loss report to show your Actual vs. Budget.

  1. Click Reports.
  2. On the search field, enter Budget vs. Actuals.
  3. Go to the Budget section, select the appropriate budget.
  4. Update the date period.
  5. Click Run report to refresh the information.

 

That steps should help you get the report you need, peppersprout. For more insights about customizing reports, please refer to this article: Report Customization Setting.

 

If you have follow-up questions about reports. just leave a comment below. I'm still here to help you further. Have a wonderful day!