by
Ashutosh Nautiyal , Accounts Administrator , Distributed Technology Associates India Pvt Ltd
budgeting process is no longer a challenging task with Tally.ERP 9’s powerful and intuitive Budgeting feature. It allows users to create multiple budgets as per their requirements and
include t
hese figures in a financial statement. Now, users can compare the actual and budgeted figures
along with variance just from one screen.
To enable Budgets in Tally.ERP 9:
Go to Gateway of Tally > F11: Features (Accounting Features)
Set ‘Maintain Budgets
and Controls’ to ‘Yes’
Creating Budgets
Budgets can be created for an individual ledger account, groups of ledger accounts and Cost
Centers or for all of them. For example, we can create budgets for traveling, advertisement, operations etc.
To
create Budgets:
Go to Gateway of Tally > Accounts Info. > Budgets
Select ‘Create’ > Press ‘Enter’
Enter budget name in ‘Name’
Select ‘Primary’ in ‘Under’
Specify the ‘Period of Budget’ in ‘From:’ and ‘To:’
