QB Issue Resolution:

Budget vs Actuals is a standard report in new QuickBooks Online. Once you have entered budget in QBO, you can run the following two reports:

Budget Overview

Budget vs Actuals

To run this report:

From the home page screen
Go to blue navigation bar on the left
Select Reports
Select “Go to report” (magnifying glass), type Budget
Select Budget vs Actuals report
Customize as required

Resolution for Issue 'How do you run a Budget vs Actual P&L report?' available: Yes (Solved).
Source: Intuit Community forum.

How do you run a Budget vs Actual P&L report?: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

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