00:04In today's video, I'm going to teach you how to budget on QuickBooks.
00:08We'll guide you through the whole process in just a few minutes,
00:11ensuring that you can manage your finances efficiently with this powerful tool.
00:15To get started, open your web browser and navigate to QuickBooks Online.
00:20Once there, you'll want to look towards the top right corner of the screen to find the sign in button.
00:25Go ahead and click on that.
00:26You'll need to enter your registered email address and your password to proceed.
00:31If you happen to have forgotten them, QuickBooks provides options to recover your login details, so don't worry about that.
00:37After entering your credentials, click on sign in to access your QuickBooks account.
00:41You'll find yourself on the main dashboard where a host of functionalities are available.
00:46The next step is to move to the budget section which is where all the budgeting magic happens.
00:50You'll find it under the main menu or through a direct link call that's highlighted on your screen.
00:55Once you're in the budget section, you'll see an option labeled create budget.
00:59Click on this to initiate the process of setting up a new budget.
01:03It's here that you'll decide on the type of budget you wish to create.
01:06QuickBooks offers various types depending on your specific needs.
01:10Whether it's a monthly, quarterly or annual budget, you'll select what fits best for you.
01:16Click next once you've made your choice.
01:18You'll then be prompted to select a period for your budget, allowing you to specify the timeframe that your budgeting
01:23efforts will cover.
01:25Setting the period correctly ensures that your financial planning is aligned with your business or personal financial cycle.
01:31Once this is selected, proceed by clicking on next again.
01:34Now comes the crucial task of adding your budget per category.
01:37QuickBooks lets you allocate funds to different categories like office supplies, utilities, marketing and so forth.
01:43This step is essential as it aids in breaking down your spending, thereby giving a clearer overview of where and
01:48how your money will be used.
01:50Be as detailed as necessary to reflect your anticipated expenses accurately.
01:54Finally, you'll want to save your budget to not lose all the progress you've made.
01:58Find the save button usually located toward the bottom of the screen and click on it.
02:03Once saved, your new budget is ready to be put into action.
02:05And that's it. You've successfully created a budget on QuickBooks.
02:09Remember to regularly review and adjust it as needed to ensure it remains aligned with your financial goals.
02:16If you found this guide helpful, make sure to subscribe for more tutorials like this.
02:20Happy budgeting.
