One of the issues impacting potential QuickBooks Desktop users when considering the possibility of migrating to QuickBooks Online has been the lack of full budgeting capabilities. While QuickBooks Desktop afforded users the ability to produce both ‘Profit & Loss’ Budgets and ‘Balance Sheet’ Budgets, QuickBooks Online has previously only supported ‘Profit & Loss’ Budgets, it didn’t offer ‘Balance Sheet’ budgeting.
But recently, QuickBooks Online Plus and QuickBooks Online Advanced subscribers gained the ability to create balance sheet budgets impacting assets, liabilities and equity accounts......