QB Issue Resolution:

“Jobs may span fiscal years.”

That is why you use Estimates. These are the Project Scope. Don’t use Budgets, which are limited to Fiscal years.
Your items need to be two sided, to link to expense and to income, for Estimate Vs Actual Reporting.

I will attach examples.

Job_Comparison.JPG
Est_Vs_Act.JPG
Est_Cost.JPG
Two_Sided_Noninventory_Item.JPG
Items_Accounts.JPG

Resolution for Issue 'I need to budget material and labor expense for jobs and be able to report variance. Jobs may span fiscal years.' available: Yes (Solved).
Source: Intuit Community forum.

I need to budget material and labor expense for jobs and be able to report variance. Jobs may span fiscal years.: 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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