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Replying to:
Deadwood Al
Level 6

Class reporting and budgeting

I tried searching for info on budgeting by class and all I found were conflicting responses to someone on the ability or inability to report on class actual compared to budget, but nothing on whether or not users could even create a budget by class.

 

If QB thinks the ability to provide data by class is a worthwhile and valued method of showing the composition of expenses by various categories, they might logically think that people who need that level of data would also have a need to budget by those classes and to report actual results compared to those budgets. For the previous inquiry about this, one QB employee said it was possible, and another QB employee twice said that it wasn't possible. How in $&#@  are us poor users supposed to make use of that kind of response? Why don't QB employees who are given the job to answer questions on the forum people who definitely know the answers to the questions OR find someone who does know to answer the question??? 

 

SO .... please find someone who knows the answer, and tell us

 

1. Can we budget by class?

(Example: one GL account for, lets say, "Advertising".  5 classes exist.  Can we budget an amount for Advertising for each class that would then show the total bedget for the one GL # AND the appropriate budgeted amount for EACH CLASS?)

 

2. Can we report on each class that would show P&L for each class?

 

3. Can we get a report by class that shows what the actual income & expense is for that class AND the appropriate budgeted amount for each GL item?  

 

If the answer is NO to any one of those, how can QB make anyone believe that CLASS is a worthwhile feature for any company that also plans via a budget????????

 

I would really like to hear from a USER ....

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