Budget Variance report can be viewed from the Trial Balance, Group Summary and Monthly Summary. Budget Variance is active if the option Maintain budgets and controls is enabled in Accounting Features, and at least one budget is created.
To view Budget Variance in Trial Balance
1. Go to Gateway of Tally > Display > Trial Balance.
Note: To view Budget Variance from the Group Summary, go to Gateway of Tally > Display > Account Books > Group Summary.
2. Click Ctrl+B to view budget variance, as shown below.
3. Select the required budget to view the Corporate Budget, the Actuals, and the Corporate Budget Variance, as shown below.
Corporate Budget displays the values of the budget, which is already defined.
Actuals displays the values of actual expenditure incurred.
Corporate Budget Variance displays the values of the variance of the Actuals and the Corporate Budget, that is, Corporate Budget - Actuals = Corporate Budget Variance.
Note: If Budget Variance shows a negative value, then the actual expenditure has exceeded the budgeted value.
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