Setting up a budget

You can set up a budget for an account, or for a Customer:Job or class within an account. To do so, enter budget amounts for the income/expense or balance sheet accounts you wish to track. Then you'll be able to track actual versus budgeted amounts through budget reports. You can create as many as four budgets per fiscal year:

To set up a budget:

  1. Choose Company > Set Up Budget.
    You’ll see the first of a series of sheets stepping you through the process.
  2. Click Next.
  3. Type the fiscal year for this budget.
  4. Select whether you want the budget to include profit and loss accounts or balance sheet accounts, and click Next.
  5. Select whether you want to subdivide your budget by Customer:Job or Class, and click Next.
    If you have class tracking enabled you can track budget amounts by class.
  6. Select whether you’d like to add budget numbers from scratch or have QuickBooks use the previous year’s data.