Budgets

A budget is a plan prepared for the flow of funds in an organisation. It contains financial guidelines for the future plan of action for a selected period of time.

A budget helps to refine goals and use funds efficiently. It provides accurate information for evaluation of financial activities, aids in decision making, and provides a reference for future planning.

You can create Multiple budgets  for specific purposes in Tally.ERP 9. For instance, you can create budgets for Banks, Head offices, Departmental budgets such as Marketing Budgets, and Finance Budgets. In Tally.ERP 9, you can compare the Budgeted figures with Actual figures and generate a variance report.

In Tally.ERP 9, you can create, alter and delete a budget.

Activating the Budgets Feature

To activate the Budgets feature in Tally.ERP 9:

1. Select F11: Features > F1: Accounting Features.

2. Set Maintain Budgets and Controls? to Yes.

3. Accept to save.    

More:

Creating a Budget

Altering a Budget

Creating Budget for Groups

Creating Budget for Ledger Accounts

Creating Budgets for Cost Centres

Viewing Budget Variance