Question

Combining Class Budgets

Forum|Forum|4 years ago
October 7, 2021
1 reply
16 views

Hi! I'm using QuickBooks Online Plus and have setup my budgets using classes. Once all the classes are setup, is there a way to automatically create a budget with all of the classes or specific classes combined? I need to be able to run reports that show how the Company or specific departments that are made up of more than one class are performing in comparison to the budget.

Thanks!

QuickBooks Online

A

Archie_B

Level 6

Welcome to the Community, Carla_C.

I'd like to share what I know about class budgeting in QuickBooks Online.

There's a special budget report that will help you keep track of your budget goals. This report will summarize accounts along with your actual account totals. That being said, you can use this report to compare actual income and expenses to your budgeted amounts.

To run the budget report:

Go to the Gear ⚙ Icon.
Choose Budgeting.
Find the class budget you want to check.
Select the small arrow ▼ next to Edit, and then Run Budgets vs. Actuals report.

You can also check out this article to guide you about budgets in QuickBooks Online: Create and import budgets into QuickBooks Online.

I've added this link so that you'll know more about the different reports you can use for class tracking: Run reports by class.

Let us know if you still have other questions about class and budgets. We'll be happy to help. Have a good one.

C

Carla_CAuthor

Hi Archie - Unfortunatly that doesn't answer my question at all. Once all the class budgets are setup, is there a way to automatically create a budget with all of the classes combined? I need to be able to run reports that show how the Company or specific departments that are made up of more than one class are performing in comparison to the budget.

Thanks,

Carla

L

lin_jcaj

Level 9

Thanks for getting back to us, Carla.

I'm here to help share additional information about the budget in QuickBooks Online.

The ability to create a budget with all the combined classes automatically is unavailable. You may create a copy of your existing budget to help you use previous data.

Here's how to copy an existing budget:

Go to Settings and select Budget.
Locate the budget you want to copy.
Select the Action drop-down and then choose Copy.
On the Copy Budget screen, enter the new budget name and fiscal year.
Select Create Budget.
Update the budget amounts as necessary.
Select Save or Save and close.

I've added these articles for additional reference and guide:

Let me know if you have follow-up questions or any other concerns, by leaving a comment below. I’m always glad to help in any way I can. Have a great rest of the day.

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