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Replying to:
Alessandra_B
QuickBooks Team

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Hello @drefl,

 

Currently, there’s no option to create a budget for your projects. But I have a workaround you can consider.

 

In QuickBooks, the budget feature is closely related to all the accounts in your Chart of Accounts. Transactions involving these accounts affect the amount on your budget.

 

In the meantime, you can create a budget and subdivide it by project. This way, you can pull up and customize the Budget vs. Actuals report and know the amounts for your projects. Note that creating this budget doesn’t show in your Projects tab.

 

Here’s how you can create the budget:

  1. Click on the Gear icon.
  2. Choose Budgeting.
  3. Click on Add budget.
  4. In the Name field, enter the budget name.
  5. Select the Fiscal Year and Interval of the budget.
  6. From the Subdivide by drop-down, choose Customer.
  7. Select the project from the Add subdivided budget for drop-down.
  8. Click on Next.
  9. Enter the budget for your project in the corresponding accounts.
  10. Click on Save.

Then, you can pull up and customize your Budget vs. Actuals report to see the amounts of the budget. You can follow these steps:

  1. Click on Reports from the left panel.
  2. Look for Budget vs. Actuals on the search bar.
  3. Click on Customize.
  4. Click on the Filter section.
  5. Tick on Customer.
  6. Select the project name from the drop-down.
  7. Click on Run Report.

Also, I see how this can be very beneficial to your business. Don’t worry, I’ll let our engineers know if your suggestion and its benefit towards the success of your business.

 

We also have our QBO Self-Help page if you want to learn some processes in QuickBooks.

 

Feel free to let me know if you need help with anything else. I’ll only be a post away.

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