Hello my art supplies for my Art studio are costing me more then what I'm receiving for classes in the studio How do I stop all the supply expenses

I have several tips to help you manage and reduce your art supply expenses issues and be able to stop these supply expenses. I'm here to guide you through the process of doing this in QuickBooks, Tricia.

If you're using QuickBooks Online Plus and Advanced version, you can create a detailed budget for your supplies and determine how much you can afford to spend each month based on your revenue and stick to it. To do so, follow the steps outlined below:

1. Go to Settings, and select Budgeting.
2. Select Create a budget if you're adding for the first time.
3. Ensure the Budget type is set. Note: Profit and loss are set as the default option.
4. From the Period dropdown, select the financial year you're creating the budget for.
5. Select the Budget format:
6. Optionally, from the Pre-fill data dropdown ▼, select a reference data value you want to prefill your budget with.
7. Click Next.
8. Then, take the following actions or prompts as needed. to the automatically generated title.
9. Enter your budget for each account for each month.
10. Click Save or Save and close.

Another tip is to look for wholesale options where you can benefit from discounts on larger quantities. Buying art supplies in bulk can save money in the long run. 

Next, it's important to keep track of your supplies to avoid over-purchasing. You'll want to use the inventory feature that is available in the Plus and Advanced versions. 

Lastly, consider adjusting your class fees to include the cost of supplies and let your customer pay an additional fee to cover the cost of material provided by the studio. This ensures that your expenses are adequately covered without reducing your profit margins

If you find that certain features, such as inventory management and budgeting, are not available in your current QuickBooks Online subscription, you may want to upgrade to a higher version. I've added this article for detailed steps: Upgrade or Downgrade Your QuickBooks Online Edition.

Furthermore, learn how you can run a Profit and Loss Comparison report to effectively track your business performance and compare your income and expenses across different periods. For a detailed guide on generating this report, check out this handy article: Run a Profit and Loss Comparison report in QuickBooks Online and Online Accountant.

If you have any other issues about income and expenses, you can always comment below. I'm here to help and assist you further.