It's good to have you here, @thermopolischamb.
Welcome to the Community! I'm here to share some information with you on how does the budget feature works.
To start with, income and expense accounts are the only accounts available when creating Budget. The Liability accounts are not included. This includes the payroll taxes paid from withholding. For payroll, only Gross Wages and Employer tax expense, which offset the liability, are included on the budgeting feature.
Here's how:
- Go to Gear icon.
- Choose Budgeting.
- Click Add Budget.
- Type in the budget name.
- Choose the fiscal year for the budget.
- Specify the budget interval.
- Click Next.
- Follow the on-screen instructions.
- Hit Save.
That should do it! For additional insights on managing your transactions, you may check out this video tutorial: https://quickbooks.intuit.com/tutorials/.
Stay in touch with me if you have other questions about creating budget in QuickBooks Online. I'm always here to help.
