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NW2822
August 15, 2019
Question

S there a Profit & Loss Budget Performance report in Quickbooks Online? If not, is there a way I can create one?

  • August 15, 2019
  • 3 replies
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3 replies

MirriamM
August 15, 2019

Welcome to the Community, NW2822.

 

I'm here to help share information about the Budget reports available in QuickBooks Online (QBO).

 

There are 2 Budget reports that you can pull up when using QBO, these are:

  • Budget Overview - which gives you an overview of the budgeted amounts for each budget.
  • Budget vs. Actual - this report shows your actual income and expenses compared to your budgeted amounts.

Based on the information that you need, you can run the Budget vs. Actual report. To run the report, here's how:

  1. Click Reports in the left navigation menu.
  2. In the search field, type in Budget vs. Actual.
  3. Select the report period.
  4. Click Customize button if you'd want to do some customization.
  5. Click Run report.

For more information about the Budget feature, you can check out this article: How to create, edit, and manage budgets.

 

That's it! This will guide you in the right direction, NW2822.

 

If you happen to have any other follow up questions, please feel free to let me know. I'm always here to answer it for you. Have a  great day!

    NW2822Author
    August 15, 2019

    Hi Miriam, thank you for your reply.  

     

    I am familiar with the reports you mentioned but the Profit  & Loss Budget Performance report that is available in Quickbooks Desktop is succint and easy for our members to read. It provides a snapshot of how we are doing.  The columns are limited to current month expenditures/revenues vs budget, year to date expenditures/revenues vs budget and annual budget.  I don’t see a way to modify either of the canned reports to provide this information.

     

    i would like to make a request that this report be considered in future development plans. In the meantime unless you can guide me through modifying one of the two budget reports provided, I will have to export the data to Excel and do my reporting from there.  

    JamesM
    August 15, 2019

    Hi there. I'll make sure to pass your feedback to our product developers. In case you have other great suggestions, I encourage you to forward them to our product developers by clicking the Gear icon and looking for Feedback. New product ideas and improvements are largely based on the feedback we get from users like you. For more info on customizing reports, I recommend checking out this helpful article from our Community:

    Let me know if you have other questions. I'm here to help. 

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