How to Set Up a Budget in QBO

How to Set Up a Budget in QBO - QBO Tutorial

Рет қаралды 6,015

Күн бұрын

To learn more about Quickbooks Online (QBO) and get your 30% off discount for a full year, go to: www.claracfo.com/qbo (Budgeting is available in QBO Plus and Advanced subscriptions)
Are you unlocking all the power of your QBO subscription!? If you aren't using this budgeting feature in QBO, then you are missing out on one of the most impactful features of the software. Having your budget in your accounting system for quick and easy reporting can be a game-change for your financial management.
This video teaches you how to set up a budget in QBO, tips for making the process quicker, and showing you the functionality of using the tool.
To learn how to create a budget for each line item, watch this comprehensive tutorial: • How to Create a Busine...
To learn more about CFO services, go to: claracfo.com/cfo-services/
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Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group at claracfo.com/
Disclaimer: This video is intended for educational purposes and
should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.
How to Set Up a Budget in QBO - QBO Tutorial
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Пікірлер: 19

@debrathompson554 8 ай бұрын

I love that I have found you, I am learning so much from your channel. Thanks!

@ClaraCFO 8 ай бұрын

I'm so glad! Welcome!!

@LizMire-qn3yf Ай бұрын

Very helpful! Thank you!

@AllWhoWander66 4 ай бұрын

Great info. I’ve built budgets for my clients in QBO and Live Plan.

@intuitive_self_protection 3 ай бұрын

This was great. I followed along and built mine out. Thank you very much

@ClaraCFO 3 ай бұрын

Great to hear!!!

@aspectoflife 4 ай бұрын

beautiful information

@user-ye9ij7so1v 8 ай бұрын

Hello ;; Thank you for shared your experience , if I have budget in 6/2023 till 2/2024 . do I enter financial year for 2024 and prior fill data for 2023 in quikbooks online plus, is it correct or not ? Thank you again.

@lisaarmstrong598 6 ай бұрын

Do you have quickbooks tutorials for new business set up? I have asked CPA's that dont help or just end up being more confused afterward. Thank you

@ccafKhmer 5 ай бұрын

Hello, do you have a sample of budget for NGO?

@tanyasimmons5656 3 ай бұрын

I love your video. But I notice that our books are set up differently...Each of our properties is set up as an account (Other Current Assets) and all the expenses that come in from CC's or the Bank are put into that Account. I have started separating them by Class (ie. Renovations - Labor - Framing) but I do not know how to set up a budget to compare with actuals for each project...Is this possible? When I looked under project on the side menu I tried to see if I could see spend but no transactions show up. Please let me know if you have any ideas.

@pbinspires 2 ай бұрын

Hello Clara! What if your company FY starts in mid-year? Is it a way to adjust this?

@amnewt1640 6 ай бұрын

For a very small business do you think the plus or advanced is worth the cost? Thank you so much for your videos!

@ClaraCFO 6 ай бұрын

Do not get advanced if you are very small! It is really meant for organizations with many QBO users (more than 5). What is very small though? I like Plus because of the budgeting feature IF YOU USE IT! If you don't use it, consider essentials instead.

@amnewt1640 6 ай бұрын

So just me as a bookkeeper for my own business with no clients yet. However I just watched a quick KZfaq video where it seemed like maybe QuickBooks is free for bookkeepers that use it for their clients? Maybe I completely misunderstood that though?

@ClaraCFO 6 ай бұрын

@@amnewt1640 You can get a free account for yourself by getting QBO Accountant, and then each client will need to pay for their licenses (they can sign up with the link for the 30% discount for the first year and then add you as an accountant user). There is also wholesale options for QBO accountants to pay for the licenses yourself and then pass along the cost to the client. I don't recommend that though as prices increase and then you have to keep track of raising prices to the client. It can get tricky.

@amnewt1640 6 ай бұрын

@@ClaraCFO thank you for this answer!! So helpful! I’ve been watching all your videos and you do such a good job!