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How To Deal With Quickbooks Budget Report Problems? Explained

QuickBooks Budget Report Problems

Dealing with QuickBooks budget report problems? Read this blog until the end to get relevant help! 

QuickBooks helps users to record their budget in the application so that they can compare the actual financial results with the estimated budget amount. You can check various budgets in QuickBooks by navigating through Reports→Budgets & Forecasts command. However, while using this feature, you may experience multi-faceted QuickBooks budget report problems; we will discuss and resolve in this post. 

Need to talk to a QB expert for the resolution of QuickBooks budget report problems? Give us a call on our helpline number 1.800.579.9430 to get instant technical relief

Types of Budget Report In QuickBooks:

Before we discuss QuickBooks budget report problems, let’s see various types of budget reports in QuickBooks application: 

Budget Vs Actual Report: Budget Vs Actual report in QuickBooks helps you to compare budgeted income statement information with the actual income statement information. Furthermore, you can compare your expected revenue and expenses with the actual financial results. 

Budget Overview: This budget report contains a summary of your budgeted amount. 

Profit & Loss Budget Performance: Through this report, you can compare your actual income, expenses, and profits with your budgeted income, expenses, and profits.

Budget vs Actual Graph: Budget vs actual graph is a chart that shows budgeted and actual information.

Forecast Overview: In this report, you can see a summarize QuickBooks forecast. A forecast denotes the prediction about your future revenue and cash flow. Besides, this report can also be utilized in doing “what if” planning.

How To Set Up Budget Report In QuickBooks?

QuickBooks uses the fiscal year setup of your company file to create budgets automatically. You can avoid QuickBooks budget report problems by setting up a budget report correctly. Follow the below-given steps: 

  • Go to the Company at the top.
  • Now select Planning & Budgeting to proceed further.
  • After that, click Set up Budgets, then go through the wizard.

Budget Info Not Showing Up Correctly In Reports:

This is one of the common QuickBooks budget report problems that can take place due to the data integrity issue. To resolve this error, you can utilize QuickBooks Verify and Rebuild Data utility

Run QuickBooks Verify & Rebuild Data Utility:

Verify and Rebuild data utilities in QuickBooks work together to identify and fix data integration issues in the QuickBooks application. Follow The below-given steps with full attention: 

  • Go to the File menu and then select Utilities.
  • Now click on Verify, and it will check the data integrity issues in the company file. 
  • After running the Verify tool, check if it shows an integrity issue. 
  • On finding the issue run the Rebuild tool to fix it.
  • Again, go to the File menu and select Utilities.
  • Hit Rebuild to fix the error and run your budget reports again to see if all the amounts show up correctly. 
Get Help From Qualified QB Experts!

This post can help you to deal with some common budget report problems in QuickBooks such as “Budget Vs. Actual PL YTD Doesn’t Show Budgets For Expense Accounts”. If you are getting a technical unease in any of the steps, don’t hesitate to give us a call on our helpline number 1.800.579.9430. It will connect you with one of our dedicated QB experts with whom, you can discuss the error you are experiencing while running budget reports in QuickBooks. In a minute’s notice, our experts will assist you in troubleshooting QuickBooks budget report problems with the most relevant solutions.