1- Which 2 statements are correct regarding budgets in QuickBooks Online? Budgets are available in QuickBooks Online Essentials, Plus, and Advanced Budgets can be subdivided by Class, Customer, Location, or Project Budgets can be created to track capital expenditures Budgets can be set up based on the last fiscal year's financial data Budgets can be created to track capital expenditures Budgets can be set up based on the last fiscal year's financial data Budgets can be created in Excel and imported into QuickBooks Online Essentials A single budget can be set up to track across multiple years
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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1- Which 2 statements are correct regarding budgets in QuickBooks Online?
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