It's nice to see you here, Kerryn. I'll be happy to outline the steps to edit a budget's name in QuickBooks Online (QBO).
If you need to modify a budget name, you can do so on the Budget page in QBO. To do that:
Go to Budgets.
Locate the budget and click the dropdown icon under the Action column.
Select Edit.
In the Name field at the upper-left corner of the page, rename the budget.
Hit Save.
Moreover, you can use classes to represent meaningful segments in your company, like store departments. Then, create a budget by class based on Profit and Loss from the last financial year.
Feel free to get in touch with us whenever you have additional questions about renaming a budget in QBO. I'll be happy to return to this thread to assist you further. Take care, and have a great rest of the day!
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