What is the Qbo budget?

The QuickBooks Online Budgets help you to see how well your company is performing and compare your actual revenues and expenses to your company’s budgeted amounts. In QuickBooks Online you can create budgets by Class, Location, or Customer, but not by two or all three. You can create a budget in QBO by only one category per budget. You can have your financial data either from the current fiscal year or from the previous year’s fiscal year amount. If you are planning to use any historical report, then you should run a profit and loss details report to make sure that the transactions are perfectly assigned in the past. By default, you will see a report with transactions created during the current financial year to the current date. But, if you want your reports to show the previous year’s financial year’s amount instead of the current year then follow the steps mentioned below to customize the reports.
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