20.3. Creating Budgets in QuickBooks

If you want to build a budget directly in QuickBooks, the Set Up Budgets wizard is all you need. Profit and loss budgets; balance sheet budgets; budgets for customers, jobs, and classes; and budgets built from scratch or from previous year’s data—the Set Up Budgets wizard does it all.

Before you dive into building a budget, you have to perform two setup steps if you want your budgets to work properly: