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The tutorial discusses budgeting options in QuickBooks, emphasizing the budget versus actual comparison report as the most commonly used tool. Users can break down budgets by class or customer, or view an overall company budget. QuickBooks also offers a performance report for year-to-date comparisons. An interesting feature allows users to export budgets to Excel for modifications and then import them back into QuickBooks. The tutorial includes a step-by-step guide to setting up a budget, starting from the company menu by selecting planning and budgeting, and clicking on setup budgets. If a previous budget exists, QuickBooks automatically displays the most recently created budget.