Entering our first budget in QuickBooks Online.

Welcome aboard, @PW567.

I’ll be happy to walk you through enabling you to add a class when creating a budget in QuickBooks Online (QBO).

If you have QuickBooks Online Plus and Advanced, you can easily add classes to your budget, regardless if it’s the first time you create them in your company file. But before that, we need to turn on class tracking first to enable you the option. Here’s how:

1. Go to the Gear icon and select Account and Settings.
2. Select the Advanced tab, and select the Categories section to edit.
3. Check the Track classes. Then, check the Warn me when a transaction isn’t assigned a class.
4. In the Assign classes, select the One to entire transaction or One to each row in transaction.
5. Lastly, select Save. Then, Done.

Then, start creating your budget for the upcoming year and add classes. It is to help you identify transactions and get specific insights to plan quickly.

Additionally, you can view this resource to give you a snapshot of your business: Run reports in QuickBooks Online.

That should be it! If you have more concerns about adding class to your transactions, please let me know in the comment below. Have a great day!

Hello RoseJillB. I have my classes all set up. I have also started to add the budget, but in the instructions it shows a drop down box - view budget for and you can select the class. This does not show up on my screen. We have online advanced so we should be able to enter by class. Next year will be the first year using QuickBooks - I just wanted to enter the budget by class. It seems like the system wants to look at prior years information. Confused. 

Good to see you back, @PW567. I'm here to ensure you can create your first budget for each class in QuickBooks Online (QBO).

In creating a budget, you'll have to make sure that you have select Class in the Subdivide by drop-down and set a specific class for the Add subdivided budget for. Doing this will give you options in the View budget for drop-down.

For more information in creating a budget, I recommend visiting these helpful articles:

• Create budgets in QuickBooks Online
• Set budget targets for each class

If there's anything else we can assist you with or if you have any other questions, feel free to post here anytime. Thanks for dropping by, and have a lovely day.