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nmarshik
April 20, 2020
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Can you really import a Budget to QBO Plus? QBO is advertising that there is now a "Budget Import" option in QBO Plus but there is no button in Budgeting page. Any tips?

  • April 20, 2020
  • 1 reply
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Best answer by AddieC

Thanks for reaching back out, Natalie.

 

I've done some digging and it turns out this feature isn't yet available for Canadian QuickBooks Online accounts. I'm going to be contacting the Community moderator team so they're aware of the published article I linked above. 


I appreciate you bringing this to my attention. I know how eager you are to import your budgets, so I'd recommend submitting feedback about this for the product development team to review. You can do so by clicking the Gear icon > Feedback. 

 

I hope this helps clear things up for you. I'm going to be editing my initial response above so that other users who may stumble upon this thread don't get mislead. 

 

If you have any other questions, please don't hesitate to ask.

 

Cheers. 

1 reply

AddieC
AddieC
April 20, 2020

Hi there, 

 

Many businesses create budgets and use them to track their actual sales and expenses. QuickBooks Online has smart budget tools to help you manage your finances in a simple and easy way. I'll explain more about the Budgets feature and it's limitations in QBO.

 

While you're able to easily create budgets in QBO Plus, you're not able to import budgets at this time. I know many of our users are eager for this option to become available, so I'd suggest submitting feedback about this to our team by clicking the Gear icon > Feedback. 


Here's what you need to know about creating budgets in QBO. 

Step 1: Review your business' fiscal year

Make sure the beginning of your fiscal year is set in QuickBooks. You can create a budget any time, but it helps if you start at the beginning of the fiscal year.

  1. Sign in to QuickBooks Online.
  2. Go to Settings ⚙ and select Account and Settings.
  3. Select the Advanced tab.
  4. In the Accountings section, review the First month of the fiscal year field. If you need to edit the date, select Edit ✎.

Step 2: Get your budget data

If you already have your budget data, you can skip this step. If you don't have it yet, use your QuickBooks data to start your budget:

  1. Go to the Reports menu.
  2. Select and open the Profit and Loss Detail report.
  3. From the Report Period ▼ dropdown, select a timeframe. If you want to use last year's data, select Last year. Make sure the beginning and end of the year match your fiscal year. If you want to use data from your current fiscal year, select This Year-to-date.
  4. Select Run report

Use this info as a guide to create your budget. Next, click the Gear icon > Budgeting > Add Budget.

 

If you're still in need of further assistance with this, please reach out to our tech support team. 

 

Have a great day. 

N
nmarshikAuthor
April 20, 2020

Hi Addie, thanks so much for your quick response. I have a follow up question please! :)

 

I'm working with the QBO tech support team right now and they asked if you could please post a screenshot of Step 3, item 2: "Select 'Import Budget'". We are in QBO Plus and followed all those steps (set fiscal year; clear cache; went to Settings > Budgeting) but there is no "Import Budget" button. A screenshot of the Import Budget tool would be very helpful to show what we are looking for.

 

Many thanks!

Natalie

AddieC
AddieCAnswer
April 20, 2020

Thanks for reaching back out, Natalie.

 

I've done some digging and it turns out this feature isn't yet available for Canadian QuickBooks Online accounts. I'm going to be contacting the Community moderator team so they're aware of the published article I linked above. 


I appreciate you bringing this to my attention. I know how eager you are to import your budgets, so I'd recommend submitting feedback about this for the product development team to review. You can do so by clicking the Gear icon > Feedback. 

 

I hope this helps clear things up for you. I'm going to be editing my initial response above so that other users who may stumble upon this thread don't get mislead. 

 

If you have any other questions, please don't hesitate to ask.

 

Cheers. 

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