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Best answer November 15, 2021
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Thanks for getting back to this thread, @system. Let me chime in and clarify things for you about budgeting and forecasting in QuickBooks Desktop.
For your first question, you can see in the article provided by the previous agents that the budget system is possible in QuickBooks Desktop Pro 2022. It may not show a specific product, but the page provides general information that all versions of QuickBooks Desktop can set up and create a budget. Meanwhile, you can only use forecasting in QuickBooks Desktop Premier, Accountant, or Enterprise.
Aside from that, I've also replicated this on my QuickBooks Desktop Pro 2022, and the feature is available. Please see the screenshot below: 
For your next question, the simplest way to differentiate the two is that a budget is a goal or intention, while a forecast is your latest prediction of whether you’ll reach that goal. For more information about the distinction of the two terms, you may utilize and read this resource: Budgeting Versus Forecasting.
Additionally, I've added this article to help you generate a budget report to help you track and review last fiscal year's financial statement: Understand reports in QuickBooks Desktop.
I hope that clarifies everything. If you still have uncertainty about the budget and forecast feature, feel free to get back to this thread. I'll be happy to help you again. Keep safe!
It's my pleasure to provide some good news to you, @system.
In QuickBooks Pro Plus 2022, you have the option to set up budgets. This feature will help you plan and make smart business decisions.
You can create next year's budget from scratch or use last year's Profit and Loss data to start one. Here's how:
- Go to the Company menu.
- Select Planning & Budgeting and choose Set Up Budgets.
- Click Create New Budget.
- Set the fiscal year for the budget, then select either Profit and Loss and Balance Sheet. Then select Next.
- If you choose Profit and Loss, you can add additional criteria, such as Jobs or Class tracking.
- If you select Profit and Loss, select either Create budget from scratch or Create budget from the previous year's actual data.
- Once done, click Finish.
For more details, you may check out this article: Create a budget or forecast in QuickBooks Desktop.
You'll want to review your budgets and forecasts created in QuickBooks, please refer to this resource: Run reports.
In addition to that, if you wish to update the software to Desktop Pro Plus 2022, please make use of this link: Upgrade your company files after you switch to a new version of QuickBooks Desktop
Keep me posted if you have other questions about the budgeting feature. I'll be happy to assist you again. Have a good day!
Thanks for getting back to this thread, @system. Let me chime in and clarify things for you about budgeting and forecasting in QuickBooks Desktop.
For your first question, you can see in the article provided by the previous agents that the budget system is possible in QuickBooks Desktop Pro 2022. It may not show a specific product, but the page provides general information that all versions of QuickBooks Desktop can set up and create a budget. Meanwhile, you can only use forecasting in QuickBooks Desktop Premier, Accountant, or Enterprise.
Aside from that, I've also replicated this on my QuickBooks Desktop Pro 2022, and the feature is available. Please see the screenshot below:
For your next question, the simplest way to differentiate the two is that a budget is a goal or intention, while a forecast is your latest prediction of whether you’ll reach that goal. For more information about the distinction of the two terms, you may utilize and read this resource: Budgeting Versus Forecasting.
Additionally, I've added this article to help you generate a budget report to help you track and review last fiscal year's financial statement: Understand reports in QuickBooks Desktop.
I hope that clarifies everything. If you still have uncertainty about the budget and forecast feature, feel free to get back to this thread. I'll be happy to help you again. Keep safe!
