Which 2 reports can be run in QuickBooks Online based on an existing budget?

The Budget vs. Actuals report is a valuable tool in QuickBooks Online that compares actual financial performance against the budgeted amounts. This report provides insights into how well a business is adhering to its budget, highlighting variances between expected and actual income and expenditures. It assists in analyzing performance and making informed financial decisions.

The Budget Profit and Loss report presents the budgeted income and expenses side by side with actual figures, allowing users to see a clear picture of profitability in relation to their budget. This report is essential for assessing whether a business is on track financially and where adjustments may be needed.

The other reports mentioned, such as the Budget Overview report and the Budget Summary report, do not exist in QuickBooks Online, which is why they cannot be considered as options for running based on an existing budget. By focusing on the practical application of the Budget vs. Actuals report and the Budget Profit and Loss report, users can gain a comprehensive understanding of their financial standing in relation to their set budget.