Creating a Budget

To create a Budget in Tally.ERP 9

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

1. In the Budget Creation screen enter a Name for your budget.  

2. Select from the List of Budgets for Under field. You can have a hierarchical setup for budgets. In the List of Budgets, Primary is at the top of the hierarchy and you can create more primary budgets. Sub-budgets can be created under Primary budgets.  

3. Enter the period of the budget in the From and To fields. The period entered can be a month, a year or any other period.

4. In Set/Alter Budgets of, select

• Groups - To create a budget for a Group of ledger accounts.

• Ledgers - To create a budget for Ledgers.

• Cost Centres - To create a budget for Cost Centres.

5. Accept to save.

More:

• Budget for Groups

• Budget for Ledger accounts

• Budgets for Cost Centres