QuickBooks Certification 2025 – 400 Free Practice Questions to Pass the Exam

To create a budget in QuickBooks, you utilize the Company menu and select Planning and Budgeting. This pathway leads you directly to the budgeting features specifically designed for setting up and managing your financial plans within the software.

When you navigate to the Planning and Budgeting section, it allows you to create new budgets for different periods, customize them based on your income and expenses, and easily compare your actual performance against your budgeted figures. This streamlined approach is crucial for proper financial planning and analysis, as it helps businesses set realistic financial goals and monitor their progress over time.

In contrast, selecting budget from the Dashboard does not typically provide the comprehensive options needed to create a budget; rather, it may show budget reports. Using the Reports menu to generate a budgeting template could provide insights but doesn't directly take you to budget creation. Editing existing financial statements is not related to budgeting as it pertains to managing already completed financial reports rather than planning for future finances.