Create a budget for job

Hi olegperel. 

Depending on your version of QuickBooks Online, I can gladly show you the steps for setting up a budget. Depending on if you have QuickBooks Online Advanced or QuickBooks Online Plus, the steps can vary. Below, I'm linking an article with steps for both types of products as well as providing the steps for QuickBooks Online Plus. 

- Create and import budgets into QBO

Set up the first month of your fiscal year

Make sure you know when the first month of your fiscal year starts. To verify or change the fiscal year setting:

1. Select Settings⚙️
2. Select Account and Settings.
3. Select Advanced.
4. In the Accounting section, verify that the setting in the First month of fiscal year field is correct, or select Edit ✎ to change the setting.
5. Save and close.
6. Hit Done.

Once you have verified that your fiscal year is correct, review the data you plan to base your budget on.

Get your Budget data

You can base your budget on data either from the current fiscal year or from the previous year's amounts. If you plan to use historical data, it's a good idea to run a Profit and Loss Detail report to make sure transactions were assigned correctly in the past.

By default, the report shows transactions created during the current fiscal year to the current date. Here's how to customize the report to display the previous fiscal year's amounts instead:

1. Select Reports.
2. Locate and open the Profit and Loss Detail report.
3. Select Last Fiscal Year (or Last Year if January is the first month of your fiscal year) from the Report period drop-down list to use the previous year's data. To use data from the current fiscal year, accept the default setting of This Year-to-date.
4. Select Run report.

Use this info as a guide to create your budget.

Create your budget

1. Select Settings ⚙️and then Budgeting.
2. Select Add budget.
3. Enter a budget name in the Name field.
4. From the Fiscal Year drop-down list, select the fiscal year for the budget.
5. Use the options on the Interval drop-down menu to specify whether the budget is Monthly, Quarterly, or Yearly.
6. From the Pre-fill data drop-down list, specify whether to automatically enter data from the current or previous year into the budget, and specify the year to use. This is optional.
7. From the Subdivide by drop-down list, specify whether to split the budget by Class, Customer, or Location, then specify what class, customer, or location to add to the budget. This is optional.  If you don't see Class or Location options, here's how to turn them on.
   Select Next.
8. If you didn't use the Pre-fill data option, enter the budget data into the table. Note: QuickBooks Online accepts decimals and doesn't round to the nearest dollar. If you don't see all your accounts and sub-accounts, select the Settings ⚙ icon above the Total column and see if the Hide blank rows option is selected.
9. When you're done select Save or Save and close.

Now you've created a budget. A recommendation I have to all our customers is reaching out to a live Bookkeeper. They will be able to handle all things such as budgets moving forward, so you don't have to worry, if that's something you're interested in, check out our Talk to an Expert page. 

If there's anything else I can help you with, please, post it here. 

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