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Replying to:
BigRedConsulting
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I wasn't sure and so I tried it out.

 

RE: Can we budget by class?

Yes.

 

RE: Can we report on each class that would show P&L for each class?

Not quite sure I understand the question, but once you have created a budget by account and class, you can create a Budget v Actual report using that budget, several actually, that show different views of the budget.

 

RE: 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?  

Yes. Here's an example - created after setting up the budget by class for one income account as a test.

As you start to create a Budget vs. Actual report, pick Account by Class:

Capture2.JPG

The result, by account and class for the reporting period:

Capture.JPG

 

 

 

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