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Creating Budgets for Cost Centres

The purpose of a budget is to control expenditure. You can create multiple budgets in Tally.ERP 9, each for a specific purposes. If cost centres are enabled for the company, then budgets can be created for cost centres.

To create budgets for cost centres

1. Go to Gateway of Tally > Accounts Info . > Budgets > Create .

2. I n the Budget Creation screen, enter a Name for your budget.

3. Enable budgets for groups , and ledgers if required.

4. Set the option Cost Centres to Yes to view the Cost Centre Budget screen.

5. Enter a budget figure in Expenses for the cost centre.

6. Enter a budget figure in Income for the cost centre.

7. Enter Closing Balance .

The Cost Centre Budget screen appears as shown below:

8. Press Enter .

9. Press Enter to save the budgets created.