You can also enter the budget evenly across the year.You can enter the amounts as determined by your slow and busy periods during the year, and have a different amount budgeted in many, if not all, months.
If you have budgeted a certain amount for an account for the entire year, there are two ways to enter the data into the budget on a monthly basis. Enter the data for every account for each different class or customer/job for which you have set up a budget. If you have chosen to do your budget by customer/job or class, enter the data the same way, but on the left hand side there would be a box listing classes or customer/jobs. For a balance sheet budget, enter the projected ending account balance for each month. For a profit and loss budget, enter the projected amount of income or expense for each account for each month. Sales of 12 million for the year.) Following the total column is a column for each month where you can enter the amount you have budgeted for each month. If you have budgeted a certain amount for the year, you can verify that you have entered the monthly amounts correctly. This shows the total budgeted amount (the monthly amounts you have listed for that account). On the left hand side of the budget, your chart of accounts (profit and loss or balance sheet accounts) is listed. Click Finish, and a new budget, or a budget based on your previous year’s data, appears. Create budget from previous year’s actual budget: Last year’s actual numbers are filled in, and you can adjust according to your budget goals. Create budget from scratch: You’ll have to enter all of the numbers by hand. Choose how you want to create a budget. At this point, choose customer/job or class. Balance Sheet reflects the ending balance of the account for the year. Profit and Loss reflects all activity for the year. Specify the year for which you want to create the budget. A pop up box called Create New Budget appears. Click on the Create New Budget button on the upper right hand side. 
If you have previously entered in a budget, the most recent budget appears. Choose Set Up Budgets from the drop down box that appears.Choose Company from the ribbon across the top of QuickBooks.You can only have one budget set up per fiscal year. It is more practical to set up budgets by customer/job if you only work on a few customers/jobs per year. You can set up a budget for the company as a whole, by customer/job, or by class. It’s easy to set up budgets in QuickBooks. You can do the same with increasing gross profit or decreasing expenses, whether it’s a specific expense or all expenses. At a glance of your monthly financial statement, you can tell if you are reaching that goal. Take into account slow periods and busy times. If you want to increase revenue by 10 percent for the year, you can take last year’s total revenue, increase that number by 10 percent and allocate it monthly in the manner that makes most sense to your business. Budgets provide a picture of how well your company is meeting its goals for the year.
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