How do you close out a budget?

Hello, Jacob. 

I'd like to help you out on closing out a budget. 

By closing out a budget, do you mean that you want to lock the budget sheet to prevent any edits? The sheet doesn't have a locking feature, but you can check who edited it by going to the Audit log report.

Simply go to the Gear icon, then select Audit log. From there, you can see the list of events that happened in your company file.

Any edits to the budget will have the "Added budget" or "Edited budget" event. 

You can also specify the list of events by selecting Budgets from the Events drop-down menu. 

If that's not the case, are you trying to close out your budget at the end of a fiscal year? The budget sheet simply works as a tracker to keep track of your expected and actual accounting data. We're unable to close it at the end of a fiscal year. 

However, you can run the regular Profit and Loss report instead. Alternatively, there are other reports you can pull up to see the data at the end of the fiscal year. Here's how to access them: 

1. Go to the Gear icon, then select Budgeting.
2. On the list of budgets, find one and click the arrow icon beside the Edit link.
3. Select either Run Budgets vs Actuals report or Run Budget Overview.

If the budget sheet is simply stuck on your screen, you can refresh the page by pressing F5. Closing out the browser and re-opening it works as well. 

Do you need additional references about the Budgeting feature in QuickBooks? Feel free to read this article: Create and import budgets into QuickBooks Online. 

If you'd like to clarify other details, feel free to leave the details below. Additional information would definitely help me ensure your concerns about the budgets are taken care of. 

Need to add or match your bank records in QuickBooks after dealing with your budget sheet? This article has all the details and steps you need: Categorize and match online bank transactions in QuickBooks Online.

I'm also down to answer any other questions you might have regarding the Budget feature or any processes in QuickBooks. Just include the details to your reply and I'll help you out. 

How do you run a report in QB Desktop that will give you any changes made to budget numbers?