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We have an option to specify whether to split the budget by Class, Customer/Project, or Location, then choose what class, customer, or location to add to the budget.
Here's how:
This article will provide you more insights about creating a budget: How to create, edit, and manage budgets.
That should do it.
Let me know how that works. I'd be delighted to answer other questions should you have any. I'm cheering you to continued prosperity.