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jessicap3
Level 1

Budget by class and location

Can I create a budget by location and class or is it one or the other? Basically subdivide and then subdivide again.

We would like to use Class for our departments and one department could have multiple locations. Basically treating the class and location fields as different segments in an account string. Our budget is set up by locations so for example we have IT-Location 1 and IT-Location 2 budgets. 

5 Comments 5
KhimG
QuickBooks Team

Budget by class and location

Good day, jessicap3.


Glad to have you here in the QuickBooks Community. Allow me to share some information about Budgeting in QuickBooks Online.


As of this time, you can create a budget subdivided by Class, Customer or Location in your QBO Plus account.  If you wish to split a budget by both Class and Location, I’d recommend sending a product request to our developer for future enhancements.


To send this suggestion, click the Gear icon at the top and select Feedback. You can also submit your request via this link: https://feedback.qbo.intuit.com/forums/168199.


For more information on how to create budgets and how budgeting works, you may take a look at this article: https://quickbooks.intuit.com/community/Income-and-expenses/How-to-create-budgets-and-how-does-budge....


Should there be anything else you need from me, feel free to reach out. I’ll be around to help. Wishing you the best!

Paul Cutler
Level 1

Budget by class and location

Is there any difference between budgeting by location or class? Is the reporting the same?

Charies_M
Moderator

Budget by class and location

I'm glad you came to the Community with your concern, Paul Cutler.

 

In QuickBooks Online, Location Tracking and Class Tracking lets you track your income and expenses. You can use either one or both of them.

 

Classes represent meaningful segments in your company, like store departments or product lines. Location, on the other hand, is used to define the locations of different stores. 

 

Check out this article about setting budgets per class: Set budget targets for each class.

 

Here's an article to learn more about how the budget works in QuickBooks Online (QBO):

You might also want to check out our Help Articles to help you with the tasks and tips when using QBO.

 

I'll keep an eye out for your response. Any additional information will do. Take care and have a good one!

finance-woodland
Level 1

Budget by class and location

QBO Experts - Has this been updated for budgeting by class and location?  I need to drill down each class and location for a budget, but I'm not sure if this is something that is created of not?

Adrian_A
Moderator

Budget by class and location

Hi, finance-woodland.

 

I'm here to share some information about running data for budget and location.

 

As of now, the option to run a budget report by class and location is still unavailable in QuickBooks.

 

What you can do for now is run the data individually. Then, you can export them to an Excel file to combine the reports.

 

Here's an article to learn more about how the budget works in QuickBooks Online :

 

 

I'll be around whenever you have questions about reports.

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